Gulf
Atlantic Capital Assists Lender in Maximizing Recovery on Sale Transaction.
has acquired all the assets of
$17,900,000
Gulf Atlantic
Capital acted as financial advisor to the senior lender in monitoring the debtor's operations during a sale process.
Gulf
Atlantic Capital Assists Lender in Maximizing Recovery on Sale Transaction.
Gulf Atlantic Capital was retained by the senior lender to evaluate their position in Management Cleaning Controls, including an offer received from management to acquire the business.
Evaluated the Company’s investment banking activity related to selling the business and determined that the marketing of the business could be enhanced.
Developed a list of potential purchasers and assisted the lender in persuading the Company to reopen its marketing process to the newly identified strategic purchasers.
Process created by Gulf Atlantic Capital resulted in a competitive bidding process, significantly increasing the recovery to the lender.