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M&A Performance ImprovementRestructuring & Turnaround

Client:   Tool and die.

Needs

• Initially asked to help a secured lender evaluate an offer to buy the assets of a financially distressed customer, our client ultimately engaged us to serve as receiver.

Solution

• Managed the winding up of the client company with the goal of maximizing shareholder value.
• Collected accounts receivable, prepaid expenses, and deposits and liquidated work-in-process and fixed assets.
• Communicated with creditors and employees throughout the process.
• Presented the dispersal plan to the court.

Result

• Maximized collection and liquidation proceeds while minimizing associated costs.
• Preserved the estate and satisfied creditors.

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