Gulf
Atlantic Capital Sells Parent Company and Five Subsidiaries.
Has Divested of Four Subsidiaries
$10,000,000
The undersigned
initiated this transactions
and structured/negotiated the
terms of sale of the Company's
assets pursuant to Section 363
of the Bankruptcy Code.
Gulf
Atlantic Capital Structure Results in Multiple M&A Transactions.
Willcox & Gibbs facing severe margin pressures from the effects of globalization filed Chapter 11 in an effort to restructure its bank debt..
Developed plan to sell subsidiary companies in stages while restructuring and stabilizing operations of the parent..
Developed and maintained operating budgets under a consensual cash collateral order in Chapter 11 to insure adequate funding to maintain operations.
Developed information memorandums for each individual company and directed separate M&A processes.
Closed six separate transactions utilizing a variety of structures to maximize value.
