<< Back To All Case Studies

Case Study

Digital Signage Company

National provider of digital signage hardware, software, and services.

Revenue

$30 million

Industry

Digital Technology, Software

Services Provided

Turnaround & Business Restructuring, Distressed M&A Support

Situation

After experiencing continuing losses without an exit, secured lenders foreclosed on company. The lenders preferred a quiet restructuring to discontinue part of the business while seeking a path to relaunch the remaining business.

Accomplishments

  • Presented various wind-down strategies assessing risks, costs, and benefits of each.
  • Developed alternative liquidation analyses to support creditor negotiations.
  • Took the lead role in negotiating settlements with the major unsecured creditors to achieve an out-of-court wind-down.
  • Provided interim CFO services to bridge through the wind-down, assist with audit committee reporting, developed pro forma “carve-out” financial projections and transitioned the company to a new management team.
  • Managed the sale transaction of the go-forward business.