Selected Transactions - Special Situations Group
Our principals have been involved in the following selected transactions:
|Company / Location||Business Description||Ownership||Transaction Description||Industry|
|An air transportation services company that provides inter-island passenger and cargo services.||Private||Sought relief under Chapter 11 of the Bankruptcy Code. In excess of $400 million in revenue and approximately 3,600 employees. Recapitalized by The Yucaipa Companies through a confirmed Chapter 11 Plan of Reorganization.||Transportation|
|Caiman, Inc. & Caiman Records, Ltd.
|Music publisher and retailer.||Private||Sought relief under Chapter 11 of the Bankruptcy Code. Represented equity sponsor that acquired the assets of the Debtors through confirmation of a Chapter 11 Plan.||Media & Entertainment|
|CCI. Inc., et al
Florida/ New York
|Largest TGI Friday’s franchisee in the State of Florida, with 12 restaurants in Florida and another 5 in New York.||Private||Companies sought relief under Chapter 11 of the Bankruptcy Code. The Company was purchased in a sale under Section 363 of the Bankruptcy Code by SRAC Holdings I, Inc., an affiliate of Cerberus Capital Management, L.P.||Restaurant, Retailc|
|Corrpro Companies, Inc.
|Leading provider of corrosion protection services and technology, offering corrosion engineering, cathodic protection, corrosion prevention and specialty coatings.|| NYSE:
|Secured $77 million in new capital, including $40 million in senior debt, $14 million of debt and $13 million of new equity in a comprehensive recapitalization plan that received public shareholder approval.||Engineering Services|
|DM Industries, Ltd.
Opa Locka, Florida
|Leading manufacturer of hydrotherapy products.||Private||Sought relief under Chapter 11 of the Bankruptcy Code. Sold to MAAX Spas Industries Corp., a portfolio company of Brookfield Asset Management.||Consumer Leisure|
|FIRST Foliage, L.C.
|Supplier and marketer of plant products.||Private||Sought relief under Chapter 11 of the Bankruptcy Code. Sold to Costa Farms, LLC||Agricultural / Distribution|
|Largest franchisee of Lady of America women's fitness clubs.||Private||Acquired 20 Lady of America and Health Club of America franchises from the estate of the prior owner under Section 363 of the Bankruptcy Code.||Leisure Facilities|
|Leading manufacturer of multi-stop refrigerated truck bodies.||Private||Sold to HIG Capital in Chapter 11 bankruptcy proceeding.|| Automotive /
|NCS Healthcare, Inc.
|Leading provider of pharmacy and related services to long-term care and acute care facilities.||NASDAQ: NCSS||Sold to Omnicare, the nation's largest institutional pharmacy, for a transaction value of $460 million, allowing all debt holders to be paid in full and equity holders to realize significant value.||Healthcare|
|Diversified holding company with industrial distribution and commercial printing operations with publicly traded debt.||Private||Structured an exchange offer for $115 million Series B Senior Notes that resulted in a cash payment and an equity interest in the remaining operating business.||Distribution & Commercial Printing|
|Peerless Dade, Inc.
|Collected, hauled and deposited construction and demolition debris.||Private||Represented majority bondholder in involuntary bankruptcy proceeding in respect of $36 million bond default, resulting in a consensual transaction.||Environmental / Solid Waste|
|Protective Products of America, Inc.
|Leading manufacturer of advanced protective body armor products.||TSX:PPA||Sought relieft under Chapter 11 of the Bankruptcy Code. The Company was purchased in a sale under Section 363 of the Bankruptcy Code by an affiliate of Sun Capital Partners, Inc.||Government Services & Defense / Manufacturing|
West Palm Beach, Florida
|Provider of transportation services.||Private||Capital raise to fund the acquisition of transportation assets.||Transportation Services|
|Renaissance Cruises, Inc.
Fort Lauderdale, Florida
|Was the fifth largest cruise line in the world.||Private||Sought relief under Chapter 11 of the Bankruptcy Code. Assets were sold to various entities in the Chapter 11 bankruptcy proceeding.||Hotels, Resorts and Cruise Lines|
|Roadhouse Grill, Inc.
Pompano Beach, Florida
|Owned and operated approximately 80 full-service casual dining restaurants in 20 states at the time.||OTCPK:
|Sought relief under Chapter 11 of the Bankruptcy Code. Successfully emerged from Chapter 11 and confirmed a Plan of Reorganization that paid a 100% dividend to unsecured creditors.||Restaurants|
|Supra Telecom, Inc.
Delray Beach, Florida
|One of the largest telecommunication providers in Florida with over 250,000 customers.||Private||Sold to HIG Capital in Chapter 11 bankruptcy proceeding.||Telecom|