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
MORE LIKE THIS
Connect With Us.
