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Carl Marks Reorganization Services and Turnaround Execution Transactions

 
 

REORGANIZATION SERVICES AND TURNAROUND EXECUTION

  COMPANY   COMPANY DESCRIPTION   DEAL ABSTRACT  
  Acme Architectural   Manufacturer and distributor of removable walls, doors, partitions, and office structures   Led restructuring effort by developing revenue growth model and lowering costs, including consolidating four divisions into two and returning business to profitability  
  agy   Supplier of glass fiber yarns used in circuit boards, filtration, and building reinforcement, etc.   Provided restructuring operations for the Company; renegotiated with key vendors and equipment lessors in order to increase liquidity  
  Avery Weigh-Tronix   Researches, designs, manufactures, and distributes weighing products and systems in the United States   Initiated operational restructuring of Company's UK facilities and negotiated financial restructuring of $120 million of Eurobonds with bondholders. Recapitalized and repositioned Company with Berkshire Partners  
  Dan River Global   Manufacturer of products for the home fashion, apparel, and industrial textiles markets   Served as CRO assisting the company in regaining a healthy structure, negotiating with the lending group, advising on cost reductions and consolidation of manufacturing facilities, both foreign and domestic  
  Glenoit   Specialty fabric manufacturer and distributor   Served as M&A and restructuring advisor in the development of a strategic plan which included the sale of two divisions and restructuring of remaining divisions into profitability  
  Griffin   Provides crop protection products, including fungicides, insecticides, herbicides, plant growth regulators, and aquatics   Restructured and revitalized operations, improving EBITDA from $39 million to $53 million and leading to a sale to Dupont in conjunction with negotiating a recap and tender of the Company’s existing bonds  
  HK Inc.   Licensor and distributor of children’s clothing   Installed CRO in conjunction with validating the business plan and restoring credibility with senior lender  
   Martino Tire   Distributor of wholesale and retail tires   Developed and implemented successful restructuring plan for the Company; advised in divestiture of wholesale operations  
  NCI   Debt collection agency operating in the US, Canada, and India   Developed and implemented restructuring plan to avoid bankruptcy, consolidating facilities and returning the Company to positive cash flow  
  NES Rentals    Rents general, specialty, and traffic safety equipment to industrial and construction end-users   Led operational restructuring to gain control and increased return on portfolio assets (45,000 pieces of equipment in over 100 locations). Also led $600 million refinancing  
  Oneida   Manufacturer and distributor of stainless steel and silverplated flatware for both the consumer and foodservice industries   Served as CFO, restructuring Company’s supply chain and manufacturing through outsourcing all production to Asia. Redesigned logistics strategy and divested non-core businesses  
   

Turnaround Execution Transactions
Carl Marks-Creating Value(SM)