Project Pigskin

Exclusive Financial Advisor

Phase 1 Assessment

ABOUT THE COMPANY:

Pigskin manufactures and distributes figurines, novelty items, and other collectibles related to US collegiate and professional sports. The Company has exclusive licensing partnerships with top sports organizations in the nation – including Major League Baseball and the IndyCar Series.

SITUATION:

The company had a challenging capital structure and needed to right-size for its current financial profile. There was also a series of management issues and challenges, which led to the original founder coming back into the Company in a senior leadership position.

ENGAGEMENT:

G2 was engaged by the Company to conduct an operational assessment and evaluate management’s proposed revitalization plan. In addition, G2 assisted with internal budgeting, cash flow forecasting, and revenue / gross profit analysis efforts. G2 worked with management on a restructuring plan and identified areas for cost-savings through consolidation and other efficiency gains.

OUTCOME:

G2 worked closely with management to right-size the business plan in terms of both the margin profile and overall working capital. There was a substantial focus on creating liquidity from the existing working capital, as well as on reducing the debt service. G2 and the management team developed a series of communication strategies and executed to the various stakeholders, customers, and global footprint of suppliers.