IT’S SUGAR, LLC

  • CRO/Financial Advisor in Chapter 11
  • 100-store candy retailer
  • Extensive negotiations to modify existing leases

Century Plaza Project

  • Advisor to $450 million mezzanine lender
  • Mixed-use project consists of 331 luxury condos, a 5-star hotel and upscale retail

The Dress Barn, Inc.

  • Served as sole independent director in conjunction with wind-down of retail operations
  • Wind-down includes 650 stores and related lease obligations

SolarReserve, Inc.

  • Advising senior lender on maximizing recovery of $90 million loan
  • Overseeing liquidation of assets located in US, South Africa, Chile and Australia

BrightSource Energy, Inc.

  • International solar thermal developer with invested capital in excess of $800 million
  • Appointed Vice Chairman and Board Member at the request of the senior lender
  • Debt restructuring/international M&A process

Hyperion Bank

  • As Vice Chairman led a management/financial restructuring
  • Raised $18.3 million through Rights Offering and Common Stock Offering

Tradition Land Company

  • Advised owner (former lender) of 8,200 acre master planned community in Port St. Lucie, FL.
  • Conducted nationwide M&A process to maximize value.
  • Sold 3,028 acres to Mattamy Homes for $27 million; Transferred 1,222 acres to the City.

BRP, LLC

  • Advised developer/operator of senior living facilities on the $69 million acquisition of a 500+ bed Tampa area CCRC 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

CESP

  • $1.9 billion acquisition of government-owned utility by Enron South America
  • Restructuring to enhance profitability resulting in eventual sale at 100% gain

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.

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

Aura Minerals

  • Restructured $200 million mining company, increasing EBITDA by $40 million annually
  • Closed money losing operations and acquired new mines, maintaining revenues and reducing debt

Broadwing

  • $900 million telecom roll-up, restructuring and eventual sale
  • Reduced annual operating costs by $150 million

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

Classic Sleepcare, LLC

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

One Bal Harbour

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

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.

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

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.

Altman Companies

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

SELAF Waterfall Holding Company

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

Diversified Family Investment Vehicle

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

Village Homes

  • Restructured approximately $140 million of senior debt.

Successful “Out Of the Money” Engagements

  • Advanced Lighting Technologies, Inc.  – Official Equity Committee
  • Southeastern Retirement Associates, LLC – Ad hoc Committee  of Subordinated Noteholders
  • The Related Group – Debtor/Equity
  • Reynolds Family Partners – Family Office/Equity
  • BFC Corporation – Debtor/Parent Company of Debtor
  • Cabi Downtown, LLC – Debtor/Equity
  • Ocean Rig ASA – Debtor/Equity
  • Norwegian Cruise Line – Debtor/Equity

 

Note: Includes engagements led by Algon team member prior to joining Algon