Food & Agribusiness
Turnaround & Business Restructuring, Bankruptcy, Capital Solutions, Distressed M&A Support
Expected outcome was for a liquidation of the stores and challenging recovery of $28 million loan facility for bank.
Completed turnaround in one-year time period and facilitated capital sourcing of $50 million from outside private equity firm, preserving value of founder/entrepreneur’s real estate equity and value in business. Identified and worked with a combination of prospective industry specific and alternative private equity investors to drive up valuation.
Managed Chapter 11 proceeding and helped manage the standardization and process improvement requirements associated with massive turnover of employees.
3,100 of 3,800 employees were undocumented and were scheduled for termination by Immigration and Customs Enforcement (“ICE”) over a 6-month period, requiring the hiring and training of new employee replacements during a Chapter 11 proceeding.