Estudios de caso
J.S. Held adquiere GLI Advisors para fortalecer sus servicios de apoyo a proyectos de construcción en el oeste de EE. UU. y Hawái
LEER MÁSThe client owned and operated 25 restaurant franchises across several Mid-Atlantic states, with aggregate annual revenue exceeding $35 million.
Significant losses, a poorly conceived capital structure, and considerable corporate governance challenges had led the Company into a default with its secured lender and franchisor. When our experts were hired, loan and franchise payments were more than a year in arrears. In addition, a seller note had recently gone into default. Each member of the Board of Directors had personally guaranteed some portion of the debt. There was no consensus as to who was actually on the Board or when the Board had last met, as two separate groups each believed they comprised the Board of the Company. In addition, various members of the Board were threatening to sue one another. A seasoned restaurant executive was hired by the Company, but the secured lender was becoming increasingly concerned about what appeared to be a free-fall.
Our team was appointed Chief Restructuring Officer and immediately provided direction and leadership to the Company. After the CFO's termination, the Board also appointed us as CFO. The workload of stabilizing the restaurant was divided between the interim CEO and our experts. The CEO took responsibility for addressing day-to-day restaurant responsibilities, and we took responsibility for all financial functions, creditor interface, and the Company's capital structure. We led negotiations with all parties, resulting in a consensual bankruptcy filing that gave our experts time to develop a plan to maximize creditor recoveries while minimizing each guarantor's exposure. We negotiated with the Company's franchisor to purchase the Company at a generous bid that allowed the franchisor to protect its market share while maximizing recovery for all constituents.
Brian F. Gleason, CTP
Director ejecutivo sénior
Práctica de Asesoría Estratégica
+1 610 659 8118
[email protected]
> Servicios de director de reestructuración (CRO) y de gestión provisional
Nuestros experimentados ejecutivos interinos de la alta dirección asesoran y ayudan a las empresas que atraviesan dificultades financieras, que están experimentando un crecimiento desmesurado o que se enfrentan a vacantes críticas en sus posiciones de liderazgo. Independientemente de que el vacío de directivos se deba a desafíos operativos, a la reciente renuncia de un directivo, a la necesidad de apoyo adicional durante períodos de mucho trabajo o a una prolongada búsqueda de un candidato adecuado para un puesto permanente, nuestros experimentados ejecutivos aportan un alivio y un valor inmediatos.
> CFO y soporte financiero corporativo
La función financiera es fundamental para crear valor en la mayoría de las empresas. Brindamos un apoyo incomparable a la dirección financiera para dar forma a la estrategia organizacional y mejorar el valor comercial a largo plazo. A medida que los directivos financieros de todos los sectores enfrentan demandas crecientes, falta de personal y desafíos sin precedentes, nosotros brindamos orientación sobre la planificación financiera y la mejora de las operaciones, la mitigación de riesgos y la inteligencia empresarial estratégica.