Big Village Group, Inc. Announces Purchasers for Agency, Insights and Balihoo Businesses and its EMX's Managed Services Platform

NEW YORK, Feb. 10, 2023 /PRNewswire/ -- Big Village Group, Inc., and its affiliated companies ("Big Village") announced today they have secured purchasers for their Agency, Insights, and Balihoo businesses, as well as the managed services platform of its EMX business line. Big Village has executed asset purchase agreements to sell the Agency, Insights, and Balihoo business lines to Refuel Agency, and a second agreement to sell the managed services business of EMX to a publicly traded strategic buyer.

Both of the sales will be effectuated through a coordinated chapter 11 bankruptcy process filed in Delaware and supported by Big Village's senior secured lending group. Concurrent with the chapter 11 filing, Big Village filed a series of "first day motions" that, when approved, will ensure minimal operational impact to Big Village and the EMX managed services business. Both sales will be subject to higher or better offers and final approval by the bankruptcy court.

[Big Village is advised by Young Conaway as its legal advisors (Joe Barry, [email protected]), Stephens, Inc. as its investment banker (Sachin Lulla, [email protected]) and Portage Point Partners (Matt Ray, [email protected]) as its Chief Restructuring Officer and restructuring advisors.]

Media Contacts:

Portage Point Partners
Zach Rose
[email protected]

Matthew Ray
[email protected]

Young Conaway
Joe Barry
[email protected]

Stephens, Inc.
Sachin Lulla
[email protected]

SOURCE Big Village