Ontario · CCAA
Second Report of the Monitor dated January 24, 2025
Court officer report · 24 January 2025
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What we verified from this filing7 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: the Monitor's average hourly rate for the Period was $626.20 · approval: state: unstated · averages: rate: 626.2 · quote: The average hourly rates for KSV and Cassels for the referenced billing periods were CAD$626.20 and CAD$1,123.86, respectively. · currency: code: CAD · quote: CAD$626.20 · invoices: · firm text: KSV Restructuring Inc. · firm quote: SECOND REPORT OF KSV RESTRUCTURING INC. · context quote: Second Report of KSV Restructuring Inc. as CCAA Monitor of Sandvine Corporation, Sandvine Holdings UK Limited, Procera Networks Inc., Procera Holding, Inc., New Procera GP Company and Sandvine OP (UK) Ltd.; form: report_table · rows: · money: total: quote: Cassels incurred fees and disbursements, including Harmonized Sales Tax (' HST '), in the amount of $1,125,320.19 · amount: 1125320.19 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2024-12-27 · kind: invoice · quote: for the period from October 17, 2024 to December 27, 2024 · start: 2024-10-17 · approval: state: unstated · averages: rate: 1123.86 · quote: The average hourly rate charged by Cassels was $1,123.86. · currency: · invoices: · firm text: Cassels · firm quote: During the period from October 17, 2024 to December 27, 2024, Cassels incurred fees and disbursements, including Harmonized Sales Tax ('HST'), in the amount of $1,125,320.19. · context quote: During the period from October 17, 2024 to December 27, 2024, Cassels incurred fees and disbursements, including Harmonized Sales Tax (' HST '), in the amount of $1,125,320.19. · firm unverified: true
- process resultsbids: 0 · lois: 0 · ndas: 13 · note: no LOIs or offers were received by the Phase 1 Bid Deadline other than the Stalking Horse Transaction Agreement · as of: 2024-12-18
- purchaserDune Parent LLC
- recovery outcomeentries: basis: plan · quote: all general unsecured claims not assumed or retained will eventually be compromised and cancelled for no consideration, and the existing equity interests in Procera GP and Procera LP will eventually be cancelled for no consideration. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: general unsecured claims not assumed or retained · interim final: unstated · claims qualifier: unstated; basis: plan · quote: all general unsecured claims not assumed or retained will eventually be compromised and cancelled for no consideration, and the existing equity interests in Procera GP and Procera LP will eventually be cancelled for no consideration. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: existing equity interests in Procera GP and Procera LP · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-24 · table missing:
- sale advisorGLC Advisors & Co., LLC and GLC Securities, LLC
- sale outcometext: the SISP was deemed terminated and the Stalking Horse Transaction Agreement was declared the Successful Bid · scope: whole_business · status: approved
- stalking horseDune Parent LLC