Net Perceptions, Inc.

Company Background:

Net Perceptions, Inc. was the public shell of a former developer and marketer of software solutions.

Services Provided:

Restructuring Advisory

Valuation & Fairness Opinions

Situation

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

Transaction Overview

Candlewood reviewed unsolicited offers on behalf of the company’s board of directors and compared offers with a proposed plan of liquidation. Candlewood then negotiated with potential suitors regarding proposed terms and established and managed a process to bring the bidding process to a successful conclusion followed by a distribution to stockholders.

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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

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