Background Investigator Altegrity Exits Bankruptcy

Altegrity Inc., a provider of background investigations for the U.S. government, has exited bankruptcy with new majority owners, including funds managed by Third Avenue Management LLC, Litespeed Management LLC and Mudrick Capital Management LP (In re Altegrity Inc., Bankr. D. Del., 15-10226, effective date 8/31/15).

The company’s plan, which reduces debt by $700 million, became effective on Aug. 31.

“Today marks the completion of a restructuring that allows our Company to move forward as a stronger and more competitive enterprise that is well positioned for success,” said Jeffrey Campbell, Altegrity’s President and Chief Financial Officer, in an ...