Successes

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.

The company’s financial position had become distressed and they were seeking to avoid a Chapter 11 bankruptcy filing.

The company’s financial position had become distressed and they were facing a bankruptcy filing.

Valiant provides global expeditionary services to the Defense Logistics Agency and information gathering for INSCOM (Intelligence and Security Command), an internal intelligence unit for the Department of Defense along with other systems, training and readiness services to multiple agencies within the defense complex.

The company’s financial position had become distressed and they sought to restructure their balance sheet to avoid a bankruptcy filing.

The company’s senior lending group had become fatigued and needed to be taken out of the credit.

GC Companies is an independent sponsor interested in building a leading mission-critical services supplier to the United States government.

GC Companies is an independent sponsor interested in building a leading mission-critical services supplier to the United States government. Candlewood previously worked with GCC on the initial platform acquisition of Valiant, which provides global expeditionary services to the Defense Logistics Agency.

Valiant provides global expeditionary services to the Defense Logistics Agency and information gathering for INSCOM (Intelligence and Security Command), an internal intelligence unit for the Department of Defense along with other systems, training and readiness services to multiple agencies within the defense complex.

Following years of weak operations and declining sales, the company filed for Chapter 11 bankruptcy protection.

The company experienced a challenging operating environment and entered into a Chapter 11 bankruptcy filing in 2008. New owners acquired the business in 2009 and subsequently faced additional financial difficulties, filing for Chapter 11 bankruptcy in 2010.

The company was experiencing operational difficulties and needed assistance in restructuring its operations.

Lazy Days was facing bankruptcy and sought to recapitalize the business.

The company had failed to produce financial statements for the preceding three years while also neglecting to implement proper internal controls.

The company had declared bankruptcy and was just a public shell of the former software solutions developer and marketer.

The senior lenders to the company were seeking a third-party, professional opinion of value for tax calculation purposes.

OpenSlate was seeking growth capital to pursue specific strategic initiatives and continue positive momentum from rapid expansion in the two preceding years.