Jun 15, 2018
Restructure and turnaround of distressed Tier 3 builder. Facilitated completion of three projects delivering outcome for principals and substantially reducing liquidated damaged claims to improve outcome for balance of creditors.
Feb 15, 2018
Tier 2 non-residential contractor contractor with government accreditations, 132 contracts at various stages all in a loss position. All contracts terminated by principals for default. Negotiated with principals for permission to complete some projects in order to bring in cashflow to cover debts. 100% return to financier and employees and a return made to unsecured creditors.
Apr 15, 2017
Storage facility that was overcapitalized resulting in vacancy issues, manager and owner had limited storage facility experience. Negotiated put and call option with a new operator to exit asset with business eventually sold to new operator above valuation.