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