Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe client was a $45 million New Jersey-based publisher and marketer of Children’s Books.
The Company had experienced a rapid and substantial decline in revenues, and was losing market share to its largest competitor, Scholastic, Inc., at an alarming rate. Our experts quickly determined that, at the depressed revenue levels, it was not possible to restore the Company to profitable performance. Further, in the absence of a substantial cash infusion, we also determined that the Company could not continue as a going concern.
Our team worked closely with the equity sponsors and management and sought a strategic partner to acquire the Company. The company entered into an asset purchase agreement with the acquirer and subsequently filed a Chapter 11 petition to effect the sale in accordance with Section 363 of the U.S. Bankruptcy Code. The sale was confirmed and completed in an expedited manner within 6 weeks of the initial Chapter 11 filing.
> 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.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.
