Nuverra Environmental Solutions Inc: Financial Advisors to the unsecured creditors committee in Chapter 11. Negotiated a 7X higher recovery to the class.
NJOY Inc: Advisor to DIP Lender Group in its acquisition of the NJOY Assets in Chapter 11.
Molycorp Minerals LLC: Hired by the Chapter 11 trustee to sell the Mountain Pass, CA mine and Rare Earths processing plant. Assets sold for $20.5mm in cash and the additional assumption of $100mm in liabilities.
KaloBios: Financial Advisor in Chapter 11 and post emergence to KaloBios, Inc. Assisted the company in negotiating with largest equity holder, objecting PIPE investors and obtaining new DIP and exit financing that resulted in old equity recovery.
Atari: Purchase of Atari S.A. (ATA:FP) out of bankruptcy in 2013 in partnership with the current CEO and other investors. The company is currently listed in France and in the process of rebuilding around this iconic video game brand.
Pappas Telecasting: Purchase of the Pappas Telecasting Company Post Bankruptcy Trust from a large bank in partnership with a large investor. The company owns several TV and radio stations in the US and is currently being liquidated by a Trustee which has the task of maximizing value for the Trust.
KV Pharma: Part of the adhoc Committee of Unsecured Creditors. Participated in the successful alternative plan of reorganization that was successfully confirmed in August 2013. The Company later renamed Lumara Inc. was subsequently sold to AMAG Pharmaceuticals.
Island One Resorts: Purchase of Island One Resorts from Bankruptcy Protection in partnership with a large investor. The company was sold to Diamond Resorts International (DRII) in 2013 in a transaction that provided liquidity to investors through Diamond Resorts IPO.
Lone Pine Resources: Head of the adhoc equity group of Lone Pine Resources Inc. in Canada. Reached a rare settlement in CCAA that resulted in the equity receiving a recovery from a future litigation between the Company and the government of Quebec.
James River Coal Co: Negotiated and structured a private investment with a group of institutional investors.
DTV America: Provided management services and raised equity capital from institutional investors and sophisticated individual investors. DTV America Corporation is the largest owner of broadcast spectrum in the US in the form of low power television licenses and currently operates over 50 stations.
Veltex Inc: Invested and Retained by the Company to assist the Company in exploring strategic alternatives. Veltex corporation is listed in the OTC Markets (VLXC) and has obtained final legal judgements against prior management and advisors of over $150 million.
Bahmex: Investment and sale of Brazilian Iron Ore exploration company. The company holds several large iron ore properties in the states of Bahia and Minas Gerais in Brazil. The company was sold to BC Iron (BCI:AU) and Cleveland Mining (CDG:AU), both ASX listed companies.