Gulf
Atlantic Capital Directs Sale Transaction that Significantly Exceeds Expectations.
Has Acquired the Assets of
Birmingham, Alabama
$12,700,000
The undersigned
initiated this transaction and
structured/negotiated the terms
of sale of the Company's asset
pursuant to section 363 of the
Bankruptcy Code.
Gulf
Atlantic Capital Structures
Section 363 M&A Transaction.
Décor retained Gulf Atlantic Capital to provide interim crisis management and pursue a sale transaction after operating losses culminated in a working capital crisis at the Company.
Provided crisis management to stabilize operations during the sale and bankruptcy process to maintain operations and maximize the value of the Company.
Identified a Stalking Horse bidder prior to the company’s planned Chapter 11 filing.
Created a competitive process that culminated in a sale price of more than $6 million higher than expected reflecting a 6.2 multiple of historical EBITDA.
Served as Trustee to administratively wind down the estate after the sale transaction.
