Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreOur client was a $350 million publicly held International Manufacturer of Commercial Fabric, including automobile airbag fabric.
Due to unprofitable acquisitions outside of its core market and cash flow difficulties, the Company violated certain financial covenants. It was in a liquidity crisis, as many vendors were demanding COD payment, and it was unable to source certain raw materials. Because of its weakened financial situation, the Company’s sales started to suffer.
Our experts conducted an operational assessment and implemented a restructuring plan. Over a few weeks, we negotiated a financial restructuring that included a “pre-arranged bankruptcy.” Our team’s plan included the sale of certain operating entities, a $25 million DIP financing package, and aggressive new sales directives. Finally, we arranged another $30 million in financing, enabling the Company to emerge from bankruptcy well capitalized and positioned for profitability.
> 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.
> Turnaround and Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.
