
TRANSACTIONS
INDUSTRY:
Broadband, Media, & Telecom
CLIENT:
Nucentrix
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:
StarBand Communications
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:
Velti, Inc.
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).