Successes

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.

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.