Restructuring Advisory

  • Assess the financial condition and operating condition of a company
  • Analyze the appropriate capital structure and debt capacity of a company
  • Recommend financial and strategic alternatives
  • Provide enterprise valuation services
  • Structure and execute the process of asset sales and divestitures
  • Advise third parties on the acquisition of distressed assets
  • Source DIP and Exit financing alternatives
  • Source out-of-court financing alternatives
  • Develop a restructuring plan
  • Assist in the court approval process

Current/Recent Assignments

Peninsula Papagayo

  • Currently advising major charitable foundation on a recapitalization plan.
  • Anchored by The Four Seasons it is the largest resort located in Costa Rica

The Related Group

  • $2 billion+ restructuring of senior and mezzanine debt across 21 separate loans.
  • Completed consensual restructuring with 40+ domestic and foreign financial institutions.

Norwegian Cruise Line (NCL Holding ASA)

  • CEO of cruise line near bankruptcy. Led turnaround – equity value increased from $30 million $1.2 billion.

Ocean Rig ASA

  • Financial/operational turnaround on behalf of equity holders.
  • Market capitalization increased from $60 million to $1.4 billion when sold to Dryships.

BFC Corporation (NYSE: BBX)

  • Diversified NYSE holding company.
  • CRO for successful restructuring on over $370 million of subsidiary level debt

Leisure Industries Corporation (Mego Financial – Nasdaq: MEGO)

  • Advisor to the Chapter 11/7 trustee for $185 million publicly traded timeshare company
  • Developed strategy and negotiated substantial recovery for prepetition and DIP lender

Advanced Lighting Technologies Inc. (Nasdaq: ADLT)

  • Advised the Official Equity Committee in obtaining substantial recovery in $175 million Chapter 11

DSND Subsea ASA

  • Chairman/CEO of large international subsea construction company.
  • Negotiated merger between the company and Halliburton Subsea that created Subsea7.

Harmony Information Systems, Inc.

  • Advised JMI Equity ($1.3 + billion) on the recapitalization of its portfolio company

Classic Sleepcare, LLC

  • Currently advising board of directors of sleep wellness company on strategic and liquidity alternatives.

Wood Energy, Inc.

  • Advised holders of Senior Secured Notes in $40 million Chapter 11

Altman Companies

  • Completed global restructuring. Leading developer and operator of apartments with over $475 million of debt.

Diversified Family Investment Vehicle

  • Advised on two CMBS debt restructurings of retail and office assets. Successfully negotiated agreements with CW Capital and C3.

Allied Universal Corporation

  • Advised on recapitalization and arranged financing.

CABI Downtown, LLC

  • Confirmed $256 million Chapter 11 Plan for major condominium project.

Synovus Financial Corporation (NYSE: SNV)

  • Advised in divestiture of 28% equity ownership in Aerosonics Corporation (AMEX: AIM).

Speizman Industries, Inc. (SPZN.OB)

  • Advised the Special Committee of the Board of Directors on connection with Chapter 11 petition

Investor group

  • Advised investor group in purchase of PCX Corp., a division of NYSE listed Integrated Electrical Services, Inc.

Agway Liquidating Trust

  • Advised $400 million trust on the disposition of 24 environmentally-tainted.

Reynolds Family and Affiliates

  • Global restructuring with 30+ lenders on over $500 million of debt spread across 20+ loans

Midcon Resources

  • Advised Senior Secured creditors in $120 million Chapter 11.

Southeastern Retirement Associates, LLC

  • Advised ad hoc committee of Subordinated Noted Holders in a $52 million restructuring.

NY-based hedge fund

  • Advised on valuation of $600 million of subordinated debt in a publicly traded company.

Arlington Ridge LLC

  • Financial Advisor to Debtor in Chapter 11 proceedings, also held CRO position

PsychSolutions Inc.

  • Financial advisor in sale to Youth & Family Centered Services, Inc., a portfolio company of TA Associates.

Adama Holdings

  • Advised major hedge fund investors on $500 million eastern European distressed investment.

One Bal Harbour

  • CRO in confirmed Chapter 11 of condo/hotel project with $700 million+ in assets.
  • Managed sale process via section 363 sale.

SELAF Waterfall Holding Company

  • Advised on $175 million private equity firm on strategic alternatives for portfolio investment.

Bluegreen (NYSE: BXG)

  • Developer/operator of timeshare resorts and large developer of residential lots.
  • Review of strategic alternatives and ultimate $29 million sale of Bluegreen Communities.

Village Homes

  • Restructured approximately $140 million of senior debt.

 

Note: Includes transactions completed by Algon team members prior to joining Algon