DLA Piper represented Appvion in the completed sale of its assets to a group of its lenders led by Franklin Advisers, Inc. The previously announced sale was approved by the US Bankruptcy Court for the District of Delaware on May 14, 2018. The total consideration was approximately US$365 million.

Appvion produces thermal, carbonless, security, inkjet, digital specialty, and colored papers. Headquartered in Appleton, Wisconsin, the company employs approximately 1,250 people, and operates coating and converting plants in three states.

The DLA Piper team representing Appvion was led by Global co-Chair of the Restructuring practice, Richard Chesley (Chicago) and included partners Stuart Brown (Wilmington) Neal Aizenstein, Richard Ashley, Anne Pachciarek (all Chicago) Frank Mugabi and Shmuel Klahr (both New York) and Mark Boxer(San Francisco); and associates Jamila Willis and Kira Mineroff (both New York), Kaitlin Edelman(Wilmington) Erin Kirchner, Tara Nair, Jade Williams (all Chicago).