ABOUT THE COMPANY:
The Company is a publicly traded global provider of B2B and D2C fulfillment and customer service.
SITUATION:
The Company divested a large portion of its customer service business but was still carrying the full burden of its original shared services structure. The Company also experiencing problems with timely filings with the SEC.
ENGAGEMENT:
G2 was engaged by the Company to implement an improved process to meet and streamline public accounting requirements. G2 was also providing recommendations around a corporate restructuring plan which would right-size the shared services function.
OUTCOME:
G2 utilized industry professionals and worked collaboratively with management to develop a new corporate infrastructure for the remaining business. G2 also project-managed the accounting close process and helped provide guidance around best practices.
DEAL TEAM:
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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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