Project Silicon

Exclusive Financial Advisor

Phase 1 Strategic Assessment

ABOUT THE COMPANY:

The client was a large private lender with large exposure to the Company. The Company designs, engineers, and manufactures semiconductor capital equipment and offers service and repair services for both its products as well as related industry offerings.

SITUATION:

Following a failed sales process in mid-FY2017 and continued deterioration in new bookings, the Company went through an operational restructuring in April 2018 that led to the installation of the Chief Restructuring Officer as interim CEO.

ENGAGEMENT:

The Company engaged G2 to perform a Phase 1 assessment, with a scope focused on an evaluation of the Company’s operating plan, including headcount, investments in sales, operations, and engineering; a new ERP system implementation, and redesign of existing product lines, seeking cross-platform standardization which would be financed by an increase in the Company’s line of credit and a letter of credit facility.

OUTCOME:

G2 worked with Management and the lender to evaluate the operations of the Company and provided analyses of proposed operational improvement initiatives related to commercialization and standardization. The lender and Company implemented a number of G2’s recommendations to improve its monitoring process and performance on a go-forward basis.