Select / Recent Engagements

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

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

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

One Bal Harbour

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

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

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.

CABI Downtown, LLC

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

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

Adama Holdings

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

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