As Chief Restructuring Officer of an insolvent 50-year old naval shipbuilding subcontractor, Stapleton exceeded the secured lender’s recovery expectations and preserved jobs through an Article 9 sale.
A secured lender was on track to accept a $2 million recovery on its $14 million loan to a computer refurbishing company via a forced liquidation of the company’s assets. As financial advisor to the multi-national company with operations in the U.S. and Mexico, Stapleton Group demonstrated the benefits of a going-concern sale instead, and successfully recovered $7 million for the secured lender.
Stapleton Group profitably managed a surgery center, medical office building and personnel company while crafting, mediating and implementing a settlement between there feuding surgeon-owners and lawyers.
As Federal Regulatory Receiver, Stapleton Group transformed an insolvent business to cash flow positive through capital improvements, operational improvements and creditor negotiations. Stapleton helped sell the company as a going concern to salvage a return for its defrauded investors.
After determining the 5 clinics’ bank was at risk of repayment due to poor cash flow and a pending $2 million wage-and-hour class action lawsuit, Stapleton managed the business as receiver while successfully negotiating a going-concern sale of 3 clinics to their hospital-landlord, then as monitor after the business filed for bankruptcy.
Stapleton researched questionable operating procedures inflating the company’s borrowing base and resulting in an over-advance. With our findings, the bank was able to make an informed decision about its $40 million loan commitment.
After an electrical engineering company servicing the oil and gas industry defaulted on its loan agreement, Stapleton Group negotiated a forbearance, completed due diligence and intermediated a refinancing with the lender.
Stapleton Group determined a 75-year old family-owned business could not survive until its clients recovered, but would have value to a strategic buyer. The company’s owners agreed with our conclusion and the business was sold, generating sufficient proceeds to pay the bank in full as well as provide an equity return to the owners.
After a complaint was filed by the Securities & Exchange Commission (SEC) against an investment fund alleging securities fraud and orchestration of a Ponzi scheme by the key principals of the investment manager, Stapleton located, managed and sold assets to achieve a recovery for the investors. Our process involved an elaborate forensic accounting of the sources and uses of investor contributions. Our conclusions aided the SEC in securing a Motion for Summary Judgment against the defendant and individuals involved with orchestrating the Ponzi scheme.