Filing Alert: Azzur Group Chapter 11

Azzur Group Holdings LLC and its debtor affiliates⁽¹⁾, a Hatboro, PA-based provider of consulting and professional services for the life sciences industry, specializing in GxP compliance, validation, and operational support for biotechnology, pharmaceutical, and medical device companies, filed for Chapter 11 protection on Mar. 2 in the U.S. Bankruptcy Court for the District of Delaware.

The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-10342.

⁽¹⁾ Azzur Group LLC, Cobalt LLC, Azzur Consulting LLC, Azzur Austin LLC, Azzur Chicago LLC, Azzur Denver LLC, Azzur IT LLC, Azzur North Carolina LLC, Azzur of CA LLC, Azzur of NE LLC, Azzur Princeton LLC, Azzur San Diego LLC, Azzur San Francisco LLC, Azzur Solutions LLC, Azzur Technical Services - Boston LLC, Azzur Training Center - Raleigh LLC, Azzur Washington DC LLC, Azzur Worcester LLC, Azzur Cleanrooms-On-De, - Services LLC, Azzur Cleanrooms-on-De, - Boston LLC, Azzur Cleanrooms-on-De, - Burlington LLC, Azzur Cleanrooms-On-De, - Devens LLC, Azzur Cleanrooms-on-De, - Raleigh LLC, Azzur Cleanrooms-on-De, - San Diego LLC, Azzur Cleanrooms-On-De, - San Francisco LLC, Azzur Labs, LLC, Azzur Labs - Boston LLC, Azzur Labs - Chicago LLC, Azzur Labs - Dallas LLC, Azzur Labs - San Diego LLC, Azzur Labs - San Francisco LLC, and Azzur Labs NC, LLC.

Top Unsecured Claims

Key Parties

Counsel:

• Stuart M. Brown
• DLA Piper LLP (US)
• Email: stuart.brown@us.dlapiper.com

Restructuring Advisor:

• Ankura Consulting Group, LLC

Investment Banker:

• Brown Gibbons Lang & Co. Securities Inc.

Claims Agent:

• Stretto, Inc.

Signatories:

• M. Benjamin Jones – Chief Restructuring Officer

Equity Security Holders:

• Yotomachi, LLC – 70.1% Equity Interest
• Azzur Blocker, LLC – 27.8% Equity Interest
• Gary Knight – 1.1% Equity Interest
• BGL Azzur, LLC – 0.9% Equity Interest
• G. Knight Consulting Ltd – 0.1% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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