Manufacturing of ropes, development and distribution of hardware and software for electronic games, plastics manufacturer
Nature of Engagement
Engaged to perform an independent review of the debtor’s assets and liabilities in order to evaluate the strength and value of the secured lender’s collateral, including an international manufacturer of ropes ($3 million), a developer and distributor of electronic games and related software and hardware ($40 million) and a plastics manufacturer for tier 2 automovitve suppliers ($5 million).
Summary of Strategy Employed & Outcome
Our engagements generally include a review of the value of all assets, including an appraisal of capital assets, a determination of liabilities ranking in priority to secured lenders and recommendations to lenders with respect to enforcement or forbearance proceedings and management with respect to business improvement strategies.