Representative Strategic Sale Support Engagement

AEG Partners had been retained as CRO by a trade show exhibit manufacturer with $130 million in revenue, to replace management, manage cash, provide an independent assessment, and to recommend and execute a course of action. Management change and fresh capital six months prior to AEG's engagement had failed to address fundamental issues with the business. At the time AEG was engaged, the company was suffering rapidly deteriorating finances and could not service its debt.

AEG immediately determined that the business was no longer viable and the cash situation was not likely to improve. Under extreme time pressure, we conducted auctions of key operating units, identifying buyers for two of the units, and consummating the sales on behalf of creditors through a foreclosure structure. AEG was also retained to the wind-down the remaining operations.

Through decisive action, AEG's principals limited or eliminated the downside risk to lenders and investors and obtained the maximum recovery available with no additional capital investment.