Flexible Funding Announcement

When Flexible Funding, a receivables factoring business serving the staffing and transportation industries, ran into challenges that necessitated a bankruptcy filing, Candlewood advised the company throughout the entire process of preparing for, filing, operating, and eventually selling the majority of the Company’s assets through the Chapter 11 process.

In less than two months, Candlewood ran two separate sale processes for the Company’s staffing and transportation portfolios, with each culminating in an auction and then a sale of the portfolio for an amount in excess of book value, which made it possible to repay the Company’s senior lenders in full.

With Candlewood’s guidance, Flexible executed on its filing in a timely fashion, which enabled the Company to continue funding its clients while working towards a sale of the assets. By running the sale process on an expedited timeline, the Company minimized the shrinkage of its portfolio, ensuring the highest possible value for the asset sales.

Read more about our latest deal announcement

About Flexible Funding

Flexible Funding was a receivables factoring and asset based lending business, focused on providing funding for companies in the staffing and transportation industries.

About Candlewood Partners

Candlewood Partners is a Cleveland and New York-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.

Candlewood Partners, LLC

Established 2001

Cleveland Office:
(216) 472-6660

600 Superior Ave. East
Suite 1800

Cleveland, OH 44114

New York Office:
(212) 655-9310

477 Madison Avenue
Suite 600

New York, 10022

South Florida Office:

220 Congress Park Dr
Suite 210

Delray Beach, 33445

Securities offered through Candlewood Securities LLC, Member FINRA, Member SIPC. Check the background of this firm on FINRA’s Broker Check.

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