Alexin, LLC is an aluminum extrusion billet producer, which is developing a green-field, state-of-the-art aluminum billet casting facility to re-melt aluminum scrap to produce high quality aluminum billet used to support aluminum extrusion facilities in the Midwest. Alexin consummated an institutional private placement ($13.1 million), term loan ($15.0 million) and revolving credit facility ($15.0 million). NCA served as the exclusive financial advisor to Alexin.
MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold its interest in Arizona Heart Hospital to Vanguard Health Systems. Navigant Capital Advisors, retained by MedCath to provide advisory services relative to the assessment of MedCath's strategic alternatives, provided advisory services on the transaction.
MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold its ownership interest and management rights in Arkansas Heart Hospital to AR-MED, LLC., which is majority owned by Dr. Bruce Murphy, a physician affiliated with Little Rock Cardiology Clinic, P.A., and a current investor in the Arkansas Heart Hospital. Navigant Capital Advisors, retained by MedCath to provide advisory services relative to the assessment of MedCath's strategic alternatives, provided advisory services on the transaction.
The Atlanta Cardiology Group, PC (ACG) is one of the largest groups of cardiologists in Georgia and offers the full range of cardiovascular services. ACG was acquired by Piedmont Healthcare, Inc. Navigant Capital Advisors, LLC served as the exclusive financial advisor to ACG.
MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold its interest in Avera Heart Hospital of South Dakota to Avera McKennan. Navigant Capital Advisors, retained by MedCath to provide advisory services relative to the assessment of MedCath's strategic alternatives, provided advisory services on the transaction.
Navigant Consulting, Inc./ NCA was appointed by the United States Bankruptcy Court for the Southern District of New York as Financial Advisor to the estate of the $450 million Bayou Funds, reporting to the Sole Managing Member of the Estate. Our professionals were responsible for assisting the Sole Managing Member in recreating the financial books and records of this failed fund, obtaining necessary hard-copy documentation, performing forensic analysis on historic fund assets, and tracing of investors’ contributions and redemptions. In addition, the team was responsible for developing the financial models used in valuing and determining the proper equitable reallocation of Estate assets to fund investors. The team regularly met with the Estate’s counsel, government representatives including the Federal Bureau of Investigation, and the fund’s creditors’ committee to assist the Sole Managing Member in the appropriate wind-down of the fund.
NCA was engaged by Bijoux Terner, an operator/licensor of retail boutiques. Our professional provided a review and assessment of the Company including: cash flow and liquidity requirements, financial performance and forecast, competitive position, viability of the Company's business plan, and debt transaction documents. Navigant also provided an assessment of the Company's restructuring alternatives (including valuation analysis, strategic alternatives determination, and capital structure modifications) and assisted in negotiation and execution of same.
BMK Inc. is a nationwide full-service distributor of general merchandise, serving 44 states and most major grocery and drug chains in the United States. On behalf of the senior lenders, our professionals evaluated various strategic alternatives and eventually acted as the senior lenders’ advisor, guiding the company through Chapter 11 bankruptcy and Section 363 sale process.
BLI Holdings Corp. is a $110 million contract manufacturer for the personal care industry with divisions in California and New Jersey. NCA was engaged by the equity sponsor to effectuate a capital and operational turnaround. Our professionals structured and negotiated the successful consummation of an out‐of‐court reorganization, simultaneous with the execution of a competitive sale process of the restructured debt in the secondary market. NCA served as stakeholder representative, providing oversight to the newly appointed Board of Directors, driving a successful operating restructuring and positioning of the company for an exit sale transaction. NCA served as sell‐side advisor during the successful sale of Bocchi Laboratories, as well as the sale of the assets of Medicia Corp. to Joshua Partners, LLC.
BLI Holdings Corp. is a $110 million contract manufacturer for the personal care industry with divisions in California and New Jersey. NCA was engaged by the equity sponsor to effectuate a capital and operational turnaround. Our professionals structured and negotiated the successful consummation of an out‐of‐court reorganization, simultaneous with the execution of a competitive sale process of the restructured debt in the secondary market. NCA served as stakeholder representative, providing oversight to the newly appointed Board of Directors, driving a successful operating restructuring and positioning of the company for an exit sale transaction. NCA served as sell‐side advisor during the successful sale of Bocchi Laboratories, as well as the sale of the assets of Medicia Corp. to Joshua Partners, LLC.
Based in Texas, Bosque Power Company was a privately held merchant power generator. Navigant Capital Advisors (NCA) professionals were engaged as restructuring advisors in connection with a comprehensive capital restructuring of $800 million of invested capital.
Advised the Company and its Equity Sponsors in a capital restructuring executed via a Chapter 11 Bankruptcy filing, coupled with a commitment of additional equity capital, providing a path to restore Company profitability. NCA identified value maximization strategies and performance improvement opportunities to drive the expansion of operating EBITDA and free-cash-flows. NCA's activities included:
• Review and execution of strategic, capital and operational restructuring alternatives
• Identification of key operating metrics and performance improvement drivers
• Development of right-sizing of cost structure
• Development of extended financial projections and market price forecast sensitivities
• Development of valuation and debt capacity analyses and sensitivities
Broadway Partners is a major real estate private equity fund. NCA was retained to assist in the workout of $7 billion of senior and mezzanine debt related to 40+ Class A trophy commercial office towers in New York, Washington, D.C., Boston, Chicago and Los Angeles. On behalf of the fund, NCA led negotiations with major financial institutions in connection with the capital restructuring of such properties.
