Skully Helmets Inc., a California based company, sold its distressed assets to a Spanish group operating in the motorcycle equipment industry. Skully Helmets was under the control of its private equity lenders through several investment vehicles. The transaction involved the issuance of a 20% interest by a special purpose vehicle in consideration of the payment of the purchase price for the assets. The transaction was completed in February of 2017. RC Law advised the Spanish buyer. Sellers’ counsel was represented by Greene, Radovsky, Maloney, Share and Henningh LLP of San Francisco, California.
