Transaction Experience

EXECUTION EXPERIENCE

Farmland Industries, Inc. (Farmland Foods)
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Advised Farmland Industries in connection with the leveraged recapitalization of Farmland Foods (pork unit), the nation’s 6th largest pork processor and member of the Triumph system, the nation’s 4th largest hog producer. 
Provided alternative transaction, at a higher valuation, to Smithfield Foods’ initial proposal in the 363-sale bankruptcy process with a proposed leveraged recapitalization that assisted in achieving greater value to creditors.

Glasgow Rangers
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Represented lead investor to purchase Club out of Administration, successfully raising in excess of $50mm to purchase club and growth capital.
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Successfully negotiated transaction with primary creditors.
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Client was named preferred and winning bidder.
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Client rescinded bid as a result of pending sanctions dealt by SFA and SPL.

Uniserve

Publicly traded company headquartered in Vancouver, B.C., Uniserve was the leading consolidator of telecommunications during the market convergence of the early 2000s with a national footprint in the lucrative Canadian rural market.
Retained Prometheus Capital to explore strategic alternatives including: growth capital, recapitalization via privatization, traditional recapitalization or strategic alliance.
Prometheus found successful buyer of orphaned assets of Uniserve in Parasun Technologies; negotiating and closing sale for $20mm.

Pandick Press, Inc.
-Following leveraged buyout of one of the nation’s largest financial printers, poor industry conditions and a heavy debt burden resulted in company’s bankruptcy.
-Served on the creditor’s committee and sold off assets during reorganization that was a de facto liquidation.

Crossport Mocean
-Prometheus became involved with Crossport Mocean (Mocean), a highly technical apparel company that supplies uniform to police, security, and EMT personnel, to facilitate a recapitalization of the company for existing shareholders. The company was recapitalized with an equity infusion from The Apparel Collection (TAC), a subsidiary of Prometheus. TAC also provided growth capital and a line of credit.
-Prometheus, via TAC, provided management and accounting oversight. 

Signal Apparel
-Took over as President for this apparel company that was on the verge of losing its NYSE listing.
-Restored stability to the Company and saved the NYSE listing.
-Shut down domestic production and moved sourcing off shore, sold two divisions, negotiated new licensing agreements, and made 3 acquisitions.
-Negotiated a new $110 million bank line of credit and arranged for $10 million in preferred stock.

Big Ball Sports
-Took over as CEO of this active wear company that was suffering from aggressive growth and shrinking margins.
-Moved sourcing off shore, rationalized the growth and reduced corporate overhead.
Increased gross margins by 50% and stabilized the Company.

Umbro USA

-Took over operations of the retail side of Umbro USA while Riddell took over the team side of the Company.
-Restored faith in the brand and stabilized revenues which had been in decline for three years.
-Moved sourcing off shore, hired new sales force, and reduced overhead by over 50%.

Butler International

-Represented buyer and acquisition capital to purchase Butler International, a leading provider of Engineering and Technical Outsourcing Services, helping customers worldwide.
-Purchased assets through a 363 sale in bankruptcy.
-Completed the acquisition in 32 days.