Transactions

Sold company to the U.S. General Services Administration for $23.5 million in reportedly first-of-its-kind transaction. Generated proceeds sufficient to pay all creditors in full, a $9 million fine to DOJ, and a recovery to equity.

With only $6 million in cash and a $1.5 million/month burn rate, Asgaard crafted a business and sale exit plan that could close fast enough to retain the key engineers driving the value of the technology. Sold for over $10 million.

Advised Deloitte in their successful efforts to replace pre-negotiated plan of reorganization with a 363 stalking horse bid for BearingPoint’s public services unit. Transaction won Deal of the Year Award from M&A Advisor.

Restructured toxic PIPE (private investments in public equities) for this small public company, allowing them to sell and/or restructure American and European operating companies. Also supervised M&A sale processes for these subsidiaries.

Helped company obtain time and capital from senior lenders to complete technological transformation of company and achieved a sales price 1.7x initial expectations.

Successfully closed a sale transaction on behalf of a major French steel producer, despite significant labor, environmental, pension, and other post-employment benefits issues.