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OUR EXPERIENCE

A portfolio of Asgaard Capital transactions spanning distressed M&A, 363 sales, Chapter 11 reorganizations, and restructurings across diverse industries.

Industry Type
Transaction Type
CLIENT

Nucentrix

INDUSTRY

Broadband, Media, & Telecom

TYPE 

363 Sale

REPRESENTING 

Debtor

BUSINESS OVERVIEW

$10 million fixed wireless provider with totally failed business model and 20-month failed sales process

NOTABLE ACCOMPLISHMENT

Ran a complete 363 sale process in less than 65 days. Winning bid was over $65 million, versus $15 million stalking horse bid, resulting in a complete recovery for creditors and over $2.50 per share for the equity holders.

CLIENT

SpaceVest

INDUSTRY

Broadband, Media, & Telecom

TYPE 

M&A

REPRESENTING 

Seller

BUSINESS OVERVIEW

Investor in a satellite services provider owned by ESOP

NOTABLE ACCOMPLISHMENT

Closed voluntary buy-out at reasonable price, despite lack of traditional minority investor protection mechanisms.

CLIENT

Velti, Inc.

INDUSTRY

Broadband, Media, & Telecom

TYPE 

Ch. 11 Reorganization

REPRESENTING 

Unsecured Creditors' Committee

BUSINESS OVERVIEW

$200 million international mobile marketing platform that imploded following a Greece-based Ponzi scheme.

NOTABLE ACCOMPLISHMENT

As part of a deal with debtors to approve a 363 sale to GSO, obtained causes of action and funding to pursue litigation against directors, officers, and accountant. Appointed as litigation trustee to pursue claims (ongoing).

CLIENT

Compusearch

INDUSTRY

Broadband, Media, & Telecom

TYPE 

M&A

REPRESENTING 

Seller

BUSINESS OVERVIEW

Software/IT (Carlyle Group acquisition)

NOTABLE ACCOMPLISHMENT

HLHZ and deal team members were given co-investment rights for 8% of equity. The company was later sold producing close to 5X return.

CLIENT

StarBand Communications

INDUSTRY

Broadband, Media, & Telecom

TYPE 

Ch. 11 Reorganization

REPRESENTING 

Debtor

BUSINESS OVERVIEW

$5 million provider of satellite broadband with more than $500 million in debt and equity claims

NOTABLE ACCOMPLISHMENT

Confirmed plan of reorganization involving over $500 million in debt and equity claims following complete operational restructuring achieved during Chapter 11 proceeding.

CLIENT

National Rural Electric Cooperative

INDUSTRY

Broadband, Media, & Telecom

TYPE 

M&A

REPRESENTING 

Seller

BUSINESS OVERVIEW

Telecommunications and electric cooperative

NOTABLE ACCOMPLISHMENT

Structured initial transaction for for-profit joint venture between two not-for-profit cooperatives.

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1934 Old Gallows Road, Suite 350

Tysons Corner, VA 22182

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