8 Aug 2023
Tenneco as large customer in receivership of UTIL Canada under Bankruptcy and Insolvency Act
DeA Capital Alternative Funds, as managing company of the Italian closed-end investment Fund IDeA CCR (Corporate Credit Recovery) I applied for receivership of UTIL Canada Limited, an Ontario company that is part of the larger UTIL Group, which specializes in the design and engineering of technological solutions for the production of parts used in various industrial sectors.
KSV is the Receiver/Trustee, represented by Aird & Berlis. DLA Piper is counsel for DeA and Davies is counsel for Tenneco Inc.