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URL: https://www.chicagobusiness.com/finance-banking/instant-pot-pyrex-maker-lands-bankruptcy-through-debt-private-equity-maneuvers
Submission: On June 14 via manual from US — Scanned from US

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Finance & Banking


FAMILIAR TALE OF PRIVATE EQUITY AND DEBT LANDS INSTANT POT, PYREX MAKER IN
BANKRUPTCY

By Steve Daniels

Steve Daniels is a senior reporter for Crain's Chicago Business covering all
things financial services, including banking, private equity and insurance, as
well as energy and utilities.

By Steve Daniels
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MORE LIKE THIS
Cboe is rewarded for playing by the rules in crypto
Hedge fund Balyasny joins rivals in lengthening the lock-up period for clients'
capital
Insurance broker Arthur J. Gallagher is inflation's big stock winner
June 14, 2023 02:44 PM 47 minutes ago

When the company that makes and sells the Instant Pot cookers merged with the
maker of Pyrex and CorningWare products in March 2019, the deal looked like
genius a little over a year later after the pandemic hit. With people stuck at
home, sales of home cooking products soared.


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By Steve Daniels

Steve Daniels is a senior reporter for Crain's Chicago Business covering all
things financial services, including banking, private equity and insurance, as
well as energy and utilities.

By Steve Daniels

--------------------------------------------------------------------------------

Private Equity, Downers Grove, Banking, News, Finance & Banking, Consumer
Products


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CBOE IS REWARDED FOR PLAYING BY THE RULES IN CRYPTO

A regulatory blessing gives the exchange operator an edge as the SEC comes down
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HEDGE FUND BALYASNY JOINS RIVALS IN LENGTHENING THE LOCK-UP PERIOD FOR CLIENTS'
CAPITAL

Balyasny Asset Management told clients it will lock up their money for two
years, as the Chicago hedge fund joins the parade of peers in extending how long
they can keep investors’ capital.

INSURANCE BROKER ARTHUR J. GALLAGHER IS INFLATION'S BIG STOCK WINNER

Has inflation has ticked up, the broker's stock has soared 65%, making the firm
one of the handful of winners in a tumultuous economy.




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