Successes

Candlewood Partners is pleased to announce the successful restructuring of all existing secured debt issued by Mynaric AG ("Mynaric") together with arranging a new financing to strengthen the company’s balance sheet and support the company as it further scales production.

Candlewood Partners is pleased to announce its role as sell-side advisor in connection with the sale of the assets of UMA Home Décor (“UMA"). The assets of UMA were successfully sold to Deco USA through a foreclosure sale under Article 9 of the Uniform Commercial Code.

Candlewood Partners is pleased to announce its role as the exclusive financial advisor to Cambridge Capital’s portfolio company, Everest Transportation Systems (“ETS”), in securing a revolving credit facility to support the combination of ETS with Simple Logistics.

Candlewood Partners is pleased to announce its role as the exclusive financial advisor to Cambridge Capital’s portfolio company, STAT Recovery, in the refinancing and upsizing of their existing capital structure.

Candlewood Partners is pleased to announce its role as exclusive financial advisor to Presrite Corporation in connection with the refinancing of its senior credit facility.

Candlewood Partners is pleased to announce its role as the financial advisor in the recent acquisition of Gavitt Wire & Cable Co. (Gavitt) by Weinberg Capital Group (WCG).

Candlewood Partners, a leading middle market investment banking firm, is pleased to announce the successful sale of GSC Technologies Inc. ("GSC" or the "Company") to Speyside Equity LLC.

Candlewood Partners served as the financial advisor to a contract manufacturer (the “Client”) in connection with a new investment into the business.

Candlewood ran a full marketing process followed by a foreclosure sale process, marketing the business to over 200 parties. Candlewood advised the company through the marketing process, and also managed relationships with various stakeholders involved in the business.

Candlewood ran an expedited foreclosure sale process for the assets of an operating government services business. Our involvement included running a full marketing process and negotiating with potential acquirors.

Candlewood Partners served as the financial advisor to Weinberg Capital Group in connection with the acquisition of Salt River Aviation, LLC.

Candlewood Partners served as the exclusive advisor to a Midwest-based Home Goods Distributor in securing a $4.5MM term loan and a $3.5MM revolving line of credit.

Candlewood Partners served as financial advisor to Mynaric (FRA:M0YN) (NASDAQ:MYNA), a German manufacturer of laser communication technology, in securing EUR 80.6 million debt/equity financing by way of a US$75 million secured loan and a EUR 12.4 million capital increase with funds from a U.S.-based global investment management firm.

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.

Candlewood assisted the Company through an in-depth analysis of its current capital structure and funding alternatives that would satisfy both its current liquidity needs and its future growth objectives.

Vendors Exchange International was seeking to recapitalize the business while simultaneously transitioning from a historically family-led company to an independently led commercial business.

Candlewood was engaged to represent the company in its discussions with a larger strategic competitor in the industry, which had recently been acquisitive. 

Candlewood Partners served as exclusive investment bank and advisor to The GC Companies (“GCC”) in its acquisition of AVANTech, Inc.

Arhaus sought assistance in replacing its working capital lender with a new lender whose goals and strategy better aligned with the company’s vision.

Due to extenuating circumstances, the company encountered a material liquidity shortfall and faced default on its senior revolving credit and term loan facilities.