Case Studies

Due Diligence for Direct Mail Company

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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The Situation

The Direct Mail Company was developed by one of the pioneers in the direct response industry.

Following the sale of the Company to an equity fund that was largely funded by a hedge fund, the Company experienced a significant decline in its operating performance. As a result, the Company entered into bankruptcy to seek the sale of its assets to a specific buyer, a new equity fund.

How We Advised

Our experts were hired by the capital hedge fund, the Company’s senior lender, to perform due diligence in its efforts to determine the best plan for monetizing its interest in the Company. We collaborated with the lender to develop a plan to fund a new equity group with expertise in direct response. J.S. Held assisted with the evaluation of the Company’s management team, product line-up, and prospects with new ownership. This work assisted with the successful continuation of this brand.

Key Contact

Brian F. Gleason, CTP 
Senior Managing Director 
Strategic Advisory Practice 
+1 610 659 8118 
[email protected] 

Related Practice Areas

> Bankruptcy Advisory 
Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees. 

 

> Transaction Diligence and Support 
We partner with investors as trusted advisors to expertly navigate the challenging deal and investment climate. Our operational expertise is blended with an array of industry experiences, financial acumen, and technical knowledge to deliver unparalleled enterprise analysis to our clients. We leverage decades of transactional experience to understand each client’s unique situation, allowing for keen insights into diligence issues and the simplification of complex business operations. 

Our Experts