Gulf
Atlantic Capital Creates Sale Process For Recreation Vehicle Manufacturer.
Has Acquired the Assets of
Ft. Wayne, IN
$8,905,000
The undersigned
initiated this transaction and
structured/negotiated the terms
of sale of the Company's assets
pursuant to Section 363 of the
Bankruptcy Code.
Gulf
Atlantic Capital Structures Sale to Management-Backed Financial
Investor.
Manco Products was forced into Chapter 11 as a result of mounting product liability costs and an over-leveraged balance sheet from a prior leveraged buyout.
Negotiated with secured lenders and the equity sponsor to obtain consensus to the plan prior to filing.
Created a competitive sale process with other potential strategic and financial buyers.
Structured a management buyout package backed by an institutional equity sponsor to purchase the company in Chapter 11 sale proceeding.
