ABOUT THE COMPANY:
The Company is a chain of seafood restaurants mostly located in the Northeastern region of the United States.
SITUATION:
The Company is a chain of profitable seafood restaurants that experienced a sharp decline in demand during the Covid pandemic. A potential transaction was on the table to sell the business to a strategic, but it would have resulted in the lenders taking a substantial haircut.
ENGAGEMENT:
G2 was engaged by the second lien lender to evaluate the transaction and explore potential strategic alternatives.
OUTCOME:
G2 analyzed the financials and the waterfall from the transaction and successfully negotiated a better outcome for the second lien lender.
DEAL TEAM:
TAGS:
Exclusive Restructuring Advisor
Consumer Retail
Financial Restructuring
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Exclusive Restructuring Advisor
G2 was engaged as Chief Restructuring Officer (“CRO”). Through the CRO, G2 developed and executed liquidity management tactics for the Company and its stakeholders.
Exclusive Restructuring Advisor
G2 was engaged to facilitate negotiations for more favorable payment terms with key vendors, aiming to optimize cash flow management.
Exclusive Restructuring Advisor
G2 was engaged to perform a Phase 1 strategic alternatives assessment.
Exclusive Restructuring Advisor
The Company engaged G2 as its Chief Restructuring Officer. Through the CRO, G2 developed and executed liquidity management tactics for the Company and its stakeholders.
Exclusive Restructuring Advisor
G2 conducted a rapid Phase 1 Assessment and developed a report that included an assessment of the business, operations, and financial condition of the Company, short-term liquidity, near-term capital requirements, and strategic alternatives.
Exclusive Restructuring Advisor
The Company engaged G2 to assist in building the long-term financial model, a 13-week cash flow forecast, facilitate negotiations between the Company, the sponsor, and the lender group.
Exclusive Restructuring Advisor
G2 was engaged to complete a Phase 1 assessment of the Company’s financial forecasts and its ability to return to pre-COVID levels of financial performance.
Exclusive Restructuring Advisor
G2 conducted a Phase I Assessment focused on liquidity and cash flow management assessment, business and operational strategy review, refinancing options, and strategic alternatives.
Exclusive Restructuring Advisor
G2 worked alongside creditors and management to develop a Phase 1 Assessment. G2 advised the lenders with respect to the financial position of the Company.
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