Select / Recent Engagements

/Select / Recent Engagements
Select / Recent Engagements 2018-01-06T18:19:21+00:00

Algon is currently serving/recently served as financial advisor to:

Tradition Land Company

  • Advising owner (former lender) of 8,200 acre master planned community in Port St. Lucie, FL on strategic alternatives. Previously served as CRO in a prior restructuring.
  • Conducting nationwide M&A process to maximize value.

BRP, LLC

  • Currently advising developer/operator of senior living facilities on the acquisition of a 500+ bed Tampa area CCRC currently in a contested Chapter 11.

Peninsula Papagayo

  • Advised major charitable foundation on restructuring/sale/recapitalization
  • Anchored by The Four Seasons it is the largest resort located in Costa Rica
  • Winner, M&A Advisor Refinancing Deal of the Year for $250 million+ transactions

The Related Group

  • $2 billion+ restructuring of senior and mezzanine debt across 21 separate loans, including Trump I, Trump II, Trump III and Trump Hollywood.
  • Completed consensual restructuring with 40+ domestic and foreign financial institutions.
  • Restructured Company is once again a major successful real estate developer

Tradition/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

Reynolds Family and Affiliates

  • High profile entrepreneur with over 20 real estate and operating company companies
  • Global restructuring with 30+ lenders on over $500 million of debt spread across 20+ loans

Advanced Lighting Technologies,  Inc. (Nasdaq: ADLT)

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

Harmony Information Systems, Inc.

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

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.

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.

Mego Financial (Nasdaq: MEGO)

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

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

Southeastern Retirement Associates, LLC

  • Advised an ad hoc committee of Subordinated Noted Holders in a $52.3 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

Southeastern Retirement Associates, LLC

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

SELAF Waterfall Holding Company

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