EYP reached an agreement through which Ault Alliance would serve as a stalking horse for the purchase of substantially all of the assets of the company for $67.7 million, plus the assumption of significant liabilities associated with ongoing operations.
It seems like a new alternative lender enters the secured lending market every day. In the midst of this constant change, bank-based lenders need to be vigilant in understanding their borrowers’ debt structures as well as the motivations of the other lenders in the capital stack.
Carl Marks Advisors served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.
Carl Marks Advisors has advised Mount Vernon Mills throughout the business environment created by the COVID-19 pandemic, ultimately helping the company secure a new $58.1 million credit facility.
Carl Marks Advisors won three 2021 Turnaround Atlas Awards from the Global M&A Network, including Mid-Markets Turnaround Consulting Firm of the Year.
Carl Marks Advisors completed the restructuring and sale of Aztec Events & Tents and Shaffer Sports. Carl Marks Advisors served as restructuring advisor to the company, with partner Brian Williams acting as chief restructuring officer.
Carl Marks Securities, an affiliate of Carl Marks Advisors, served as financial advisor to Hawkins Point on its sale to Verista, a compliance and automation solutions organization for the life sciences industry.
Carl Marks Advisors served as the sell-side investment banker in the sale of Pet Qwerks, a designer and developer of innovative high-quality dog chews and interactive toys for dogs and cats, to Petmate.
Carl Marks Advisors is acting as restructuring advisor, Cantor Fitzgerald is serving as investment advisor and Greenberg Traurig is serving as legal advisor to American Addiction Centers, which filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code.