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INDUSTRY

Broadband, Media, & Telecom

CLIENT

Nucentrix

TRANSACTION 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.

INDUSTRY

Broadband, Media, & Telecom

CLIENT

Velti, Inc.

TRANSACTION 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).

INDUSTRY

Broadband, Media, & Telecom

CLIENT

StarBand Communications

TRANSACTION 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.

INDUSTRY

Broadband, Media, & Telecom

CLIENT

SpaceVest

TRANSACTION 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.

INDUSTRY

Broadband, Media, & Telecom

CLIENT

Compusearch

TRANSACTION 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.

INDUSTRY

Broadband, Media, & Telecom

CLIENT

National Rural Electric Cooperative

TRANSACTION 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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