Transactions

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.

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

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).

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

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

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