SERVICES
Asgaard professionals have the skill set and wealth of experience to quickly analyze a stressed or distressed business and identify strategic, operational, financial, and legal opportunities to stabilize the company and deliver unexpectedly high enterprise value, and returns for clients and other stakeholders. Asgaard professionals have experience filling all the roles associated with the restructuring, bankruptcy, sale, and/or liquidation of distressed companies, and offer the following services:
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Financial Advisory
Chief Restructuring Officer
Sale and M&A Advisory
Independent Director
Company Assessment
Interim Chief Executive Officer
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Chief Operating Officer
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Chief Financial Officer
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Wind-Down Fiduciary Services
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Asgaard professionals’ experience spans the following industries and others:
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High-Tech Manufacturing
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Government Contracting/Defense
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Broadband, Media & Telecom
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Basic Manufacturing
Retail/Restaurant​
Commodities
KL1 and KL2 are OUR MOST RECENT AWARD-WINNING TRANSACTIONS: ​
2022 TMA
Turnaround/Transaction of the Year Award For Small Company
2022 Turnaround Atlas Award for Cross Border Special Situations Deal of the Year (KL2)
Situation Overview
Two sawmills in FL (KL1) and NC (KL2) owned by an insolvent Austrian parent and abandoned at the start of the COVID-19 pandemic with no management, no employees, no cash, and no current financial records. The companies were facing angry constituents (including 250 foreign EB-5 investors), lawsuits, defaults, and mounting judgements. Title to the NC property had reverted to the county.
Notable Accomplishments
Asgaard regained title to the NC property and sold both mills at competitive auctions for $63 million and $87 million, respectively; $150 million versus a forced liquidation value of less than $15 million. In addition, professionals were hired at risk, won all 19 contested motions in KL2 and preserved the ability of EB-5 investors to obtain green cards.
RESULTS
Asgaard delivers results that are simply better. With their breadth and depth of experience, quick analysis and creative solutions, Asgaard professionals have repeatedly generated enterprise value at up to TWELVE TIMES initial estimates and delivered equity returns that far exceeded ingoing expectations.
Equity Return Cases
With Creditors Paid in Full and Return to Equity
a wide-area motion imagery and technology company (M&A Sale)
Project Eagle Eye
a fixed wireless provider (363 Sale)
Nucentrix
a specialty retail chain (Reorganization)
Hancock Fabrics
a family holding company primarily invested in Private Equity (Reorganization)
Acadia
a government contractor (M&A/363 Hybrid)
Global Computer Enterprises (GCE)
a manufacturer of precious metal jewelry and writing instrument parts (M&A)
Project Gold
a family-owned brass strip manufacturer (M&A)