Gulf
Atlantic Capital Sells North American Distributor for Swiss Army Brands.
As Acquired Wegner, NA
Orangeburg, NY
$12,000,000
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 Generates Competitive Sale Process.
Wenger, NA agreed to pursue an M&A transaction after a downturn in sales left the Company with an unsustainable capital structure.
Addressed complex consumer brand and product licensing issues to preserve entity value.
Negotiated assignment agreement to transfer Swiss license agreements.
Generated a competitive bidding environment involving five strategic entities to maximize transaction value for the stakeholders.
Obtained a 25% premium over initial estimates for the transaction value.
