Even lenders who exercise the most thorough due diligence sometimes have to exit their loans. Turnaround specialist Ken Mann offers tips to help lenders make smart decisions in 2017.
By bankruptcy court order, ScripsAmerica retained M&A specialist Heritage Equity Partners to assist in the sale of the company’s interest in several pharmaceutical industry businesses.
Houston Steel Plate and Artco Group International, two independent steel service centers, retained Heritage Equity Partners to seek a buyer for the companies.
Turning around and/or selling the assets of a distressed company is filled with pitfalls. Ken Mann points out eight common mistakes that occur during the turnaround process. Avoiding these mistakes is tantamount to realizing a satisfactory recovery.
Heritage Equity Partners acted as investment banker and exclusive sell-side advisor to Opus Management Group and its related entities in the sale of assets to FTFRX and EZ Rx Club.
Heritage Equity Partners won the Turnaround Atlas Award Consumer Products & Services Restructuring of the Year Award for its Mallygirl Chapter 11 reorganization.
Using collateral instead of future cash flow may be in the lender’s best interest when underwriting a term loan. Joe Upson and Ken Mann explain how to evaluate when it is best to use collateral and what types of assets are safest for a lender to use.