Chicago, ILLINOIS (June 2008) - Navigant Capital Advisors’ (“NCA”) Investment Banking and Restructuring groups have formed a new team targeting operationally challenged or troubled businesses, and focusing on distressed sales of businesses and/or assets.
The ongoing credit crisis often undermines the ability of troubled companies to refinance their debt or recapitalize their balance sheets, resulting in a growing number of distressed sales of entire businesses or selected assets. Once a decision is made to sell a troubled company or its assets, the next issue is whether to conduct the sale in or out of bankruptcy, and if in Chapter 11, whether under a plan or under Section 363 of the Bankruptcy Code. With extensive experience in mergers, acquisitions, and divestitures, as well as bankruptcy and 363 sales, NCA professionals in the Investment Banking and Restructuring practices have the unique ability to quickly and quietly effect a sale when the time is right.