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.

Brotman Medical Center (“BMC”), in Culver City, CA is a $100 million revenue for-profit acute care hospital system that operates a total of 420 licensed beds which includes a psychiatric unit and detox unit. BMC experienced significant losses in 2006 and 2007 and was in technical default on its long-term debt. NCA was retained as financial advisor and asked to provide guidance to the Board and administration on the identification and implementation of turnaround opportunities, in addition to assessing and improving the finance department. NCA conducted an operational and financial assessment of the organization and included placement of the CRO and interim CFO positions with NCA personnel. The Hospital filed for bankruptcy in October 2007, with an NCA professional assuming the role of interim CEO during the initial stages of the bankruptcy proceedings. The management team, led by the interim CEO and CFO, successfully implemented financial and operational improvement initiatives that resulted in significant savings through productivity improvement and other cost initiatives. The hospital is expected to emerge from Chapter 11 early in the fourth quarter of 2008.

The Buckhead Beef Company is the nation’s leading distributor of value-added center-of-the-plate red meat products. Our professionals represented the stockholders of the Buckhead Beef Company in the exclusive sale of the Company to SYSCO Corp. (NYSE: SYY).

Caritas Christi Health System is a non-profit multi-hospital system in New England, primarily engaged in owning and operating acute care hospitals. The System has over $1.0 billion in net patient revenue. In connection with a proposed sale to a for-profit investor, NCA was engaged by Caritas Christi as financial advisor to review the terms and conditions of the transaction and issue a fairness opinion. Initially contributed to a strategic planning engagement including a strategic review and assessment of the System on behalf of the Archdiocese of Boston. Caritas Christi was successfully sold to Steward Health Care System LLC.

Cartesian Capital Group, LLC formed Starr Global Accident & Health Insurance Agency, LLC in partnership with C.V. Starr & Co., Inc. Cartesian is a principal investment firm specializing in acquiring minority stakes in its portfolio companies. C.V. Starr & Co., Inc., a holding company, provides insurance services. The company offers aviation, marine, casualty and property insurance coverage policies. It also provides claims handling and settlement, risk assessment and loss prevention services. In addition, the company holds investments in public and private equity, hedge funds, and alternative assets. Navigant Capital Advisors, LLC served as financial advisor to Cartesian Group.

Casabella manufactures and markets kitchen and bath cleaning tools and accessories. ZS Fund, LP is a private equity firm specializing in long term investments in middle market companies and typically invests in companies with operating profit between $4 million and $30 million. The firm seeks to invest in transactions that provide liquidity to business owners while enabling them to maintain significant ownership status and keep their company independent. It prefers to invest in privately held or closely held publicly traded companies. NCA served as financial advisor to Casabella in its leveraged recapitalization.

Catskill Regional Medical Center (“CRMC”), in Harris, NY, is a $100 million revenue voluntary not-for-profit acute care community hospital system that operates a total of 199 licensed acute care beds and 64 residential healthcare beds. CRMC experienced significant losses in 2006, and discretionary cash on hand had dropped to less than 10 days. NCA was retained in anticipation of CRMC entering into a technical default on its long-term debt (secured by DASNY) and was asked to provide guidance to the Board and administration on the identification and implementation of turnaround opportunities. Our professionals conducted an operational and financial assessment of the organization and included placement of the CRO and interim COO positions with NCA personnel. The interim COO and CRO led financial and operational improvement initiatives that resulted in significant savings through productivity improvement and physician practice management, as well as identifying further revenue cycle opportunities. In addition, the COO developed accountability tools for the client. The CRO led talks to secure the return of a major physician group in an effort to bolster patient volumes and developed cash management tools and reporting mechanisms. The CRO was also instrumental in restructuring a major vendor agreement to avoid significant balloon payments in early 2007, as well as providing ongoing advice and guidance to the Board of Directors. NCA’s efforts allowed the hospital to avoid filing for protection under Chapter 11 of the U.S. Bankruptcy Code.

Church’s Chicken is a 1,500 restaurant franchisor located in 28 U.S. states, Puerto Rico and nine other countries. Our professionals were retained to provide restructuring and financial advisory services in connection with the insolvency of one of Church’s largest franchisees. NCA assisted in developing and implementing a successful 363 bid by Church’s to purchase the franchisee’s assets for significantly less than originally anticipated by Church’s management.

Coalition America, Inc. (“Coalition” or “CAI”), a market leader providing comprehensive solutions for managing healthcare costs, acquired National Preferred Provider Network (NPPN) from MedAvant Healthcare Solutions (NASDAQ: PILL) for approximately $23.5 million in cash. Navigant Capital Advisors, LLC (“NCA”) acted as exclusive financial advisor to Coalition in the transaction. The transaction included the sale of PlanVista Solutions, Inc., National Network Services, LLC, PlanVista Corporation, Medical Resource, LLC and National Provider Network, Inc., all of which are MedAvant subsidiaries that combine to comprise NPPN. CAI utilizes a suite of products and services including direct provider contracts, PPO networks and provider negotiations to achieve industry leading savings for its national client base of health insurance carriers, employers, Taft Hartley plans and third party administrators. The Atlanta-based healthcare savings company has saved its clients over $1.5 billion since inception.

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 agreement in Coastal Carolina Heart to New Hanover Regional Medical Center (Wilmington, North Carolina). Coastal Carolina Heart is a component of the Company's MedCath Partners division and provides certain catheterization laboratory management services to New Hanover Regional Medical Center. 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.

Con Edison Development, Inc. is an independent power producer that develops, builds and operates electric generation plants primarily in the Northeast and Mid-Atlantic. NCA was engaged for a valuation analysis in its financing of a New Hampshire Power Plant in a synthetic lease transaction.

Product Residential Concepts, LLC (“PRC”), a leading manufacturer and distributor of high-end commercial floor covering and carpet products under the trade name “Constantine,” engaged Navigant Capital Advisors, LLC as its financial advisor in connection with its leveraged recapitalization. Equity was provided by Lineage Capital, LLC.

Digitel Corporation (“Digitel”) sold its NeoNova Network Services, Inc. division (“NeoNova”) to Azure Capital Partners and Bridgescale Partners. Based in Raleigh, NC, NeoNova is the leading provider of wholesale internet services to U.S. rural telephone and cable service providers. NeoNova’s service offering includes internet, e-mail hosting, spam filtering, virus filtering, parental controls, website hosting, online data storage, troubleshooting system monitoring, maintenance, customer care and billing services. NeoNova currently provides services to over 65 independent telephone companies with over 200,000 ISP subscribers. Digitel Corporation is a leading provider of communications systems for small and medium sized businesses. As a leading distributor for Nortel Networks and Cisco Systems, Digitel offers its clients a complete array of unified communication solutions including IP telephony, unified messaging, multimedia contact centers, VPN services, wireless communications and connectivity alternatives. Navigant Capital Advisor’s LLC was engaged as Digitel’s exclusive financial advisor to explore various capital and strategic alternatives including the sale of its NeoNova division.

Navigant Consulting, Inc. / NCA is assisting a $14 billion hedge fund family, which recently experienced a significant decline in performance resulting in a number of investors requesting redemptions. Given the adverse impact liquidation would have on realization of asset values, the hedge fund family is working with the group of investors to bifurcate the Funds into a group of liquidating funds and go-forward funds. NCA has been engaged to oversee the process to ensure fairness in the allocation of assets including hard-to-value illiquid assets, determine the viability of the new go-forward fund, and to ensure proper communication with all investor groups with respect to the restructuring alternatives.

E*TRADE Financial Corp. is a global company, offering a wide range of financial solutions to retail, institutional and corporate customers. NCA professionals performed a number of valuations of various reporting units under SFAS 141 and 142. Assets valued include customer relationships, contracts, covenants not to compete, referral agreements and trade names.

Everite Machine Products Co. (“Everite” or the “Company”) is a world leader in electrochemical grinding (“ECG”) technology with core competencies in high precision engineering, contract manufacturing and supply chain optimization. Everite provides a unique combination of engineering expertise (mechanical, electrical, software), real-time manufacturing experience and product sourcing knowledge that allows the Company to cost-effectively design and implement innovative manufacturing solutions to challenging problems both in the United States and Europe. Navigant Capital Advisors, LLC served as Exclusive Financial Advisor to Everite during its recapitalization transaction with Eureka Growth Capital.

Extend Health, Inc. provides employer-sponsored health care insurance services for active or retired employees. Extend Health received $15 million in its series B round of funding led by new investor Psilos Group Managers, LLC. The round included participation from existing investor Revolution Health Group. Navigant Capital Advisors, LLC served as the exclusive placement agent and financial advisor to Extend Health.

FORBA Holdings is the nation's premiere dental practice management company focused on dental care for underserved communities. The company manages 69 dental centers in 22 states and provides dental care to Medicaid/SCHIP eligible children. On behalf of the Company, NCA led capital restructuring negotiations with major financial institutions to amend its credit agreement as well as convert a portion of sub debt into common equity.

NCA was engaged by a real estate private equity fund in connection with the restructuring of its majority ownership interests in a JV partnership that owns Sunrise Senior Living, consisting of 16 senior living communities in 11 states, known as Fountains Senior Living Holdings, LLC. On behalf of the fund, NCA led negotiations with the joint venture partner, their representatives, and major financial institutions in connection with transferring minority interest to the fund, replacing the property manager, and amending credit agreements.

FPM Heat Treating is one of North America’s largest commercial heat treaters offering a wide variety of processes and engineered solutions to heat treating problems. On behalf of the company’s lenders, NCA restructured the company’s $54 million senior credit facility and subsequently represented the company in a sell-side advisory engagement.

General Growth Properties, Inc. (NYSE: GGP) is a publicly traded real estate investment trust that owns, develops, and operates regional shopping malls across the United States. Navigant professionals provided bankruptcy and litigation support services.

Global Link Logistics is the leader in containerized ocean freight transportation and supply chain visibility, specializing in Transpacific Asian/U.S. trade lanes and service from Latin America. Navigant Capital Advisors, LLC initiated and served as financial advisor in connection with the divestiture to a private equity sponsored platform company.

GMAC ResCap is the second largest independent residential mortgage lender in the U.S., originating first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and internet sites. Our professionals were retained to create and execute a plan to mitigate the negative impact caused by the downturn in the subprime and homebuilding market. NCA worked with management to create and execute a detailed risk mitigation plan and managed total aggregate exposure in excess of $15 billion including the orderly liquidation of the largest mortgage warehouse lending portfolio in the U.S. Specific tasks included:

• Creation and oversight of a 70 person special assets team;


• Development and oversight of collateral monitoring and exposure management systems;


• Oversight of loan sale execution process responsible for disposition of over $3 billion of mortgages; and


• Negotiation and implementation of bankruptcy strategies associated with maximization of value of distressed debt in connection with the largest subprime origination and homebuilder bankruptcies.

GMAC ResCap is the second largest independent residential mortgage lender in the U.S., originating first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and internet sites. Our professionals were retained to create and execute a plan to mitigate the negative impact caused by the downturn in the subprime and homebuilding market. NCA worked with management to create and execute a detailed risk mitigation plan and managed total aggregate exposure in excess of $15 billion including the orderly liquidation of the largest mortgage warehouse lending portfolio in the U.S. Specific tasks included:

• Creation and oversight of a 70 person special assets team;


• Development and oversight of collateral monitoring and exposure management systems;


• Oversight of loan sale execution process responsible for disposition of over $3 billion of mortgages; and


• Negotiation and implementation of bankruptcy strategies associated with maximization of value of distressed debt in connection with the largest subprime origination and homebuilder bankruptcies.

Green Bank is a national bank headquartered in Houston, Texas and focuses on the commercial and private banking needs of middle market businesses and individuals. Navigant Capital Advisors was engaged as financial advisor to Green Bancorp, Inc., the holding company for Green Bank, N.A., in closing an aggregate $100 million private placement of common stock of the company with several independent investment firms. The investors include funds affiliated with Friedman Fleischer & Lowe, LLC, Harvest Partners, LP and Pine Brook Road Partners, LLC. The new capital was used to expand current operations, as well as to pursue growth opportunities, including bank and branch acquisitions, structured transactions and FDIC-assisted transactions.

MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold substantially all the assets of Heart Hospital of Austin to St. David's Healthcare Partnership, L.P. 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 substantially all the assets of Heart Hospital of New Mexico to Lovelace Health System, Inc., which is an affiliate of Ardent Health Services, based in Nashville, Tenn. 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.

HP3, Inc., a healthcare consulting firm, engages in the development and distribution of healthcare educational products designed to improve the reimbursement process for healthcare providers in the United States. Navigant Capital Advisors, LLC was the financial advisor to HP3, Inc. in its sale to Navigant Consulting, Inc. for reported consideration of $19 million, including accounts receivables. Revenues and pro forma EBITDA for the last 12 months approximated $19 million and $2.7 million, respectively.

HQ Global Workplaces is the leading provider of executive office space and associated services and was the largest franchisor of executive office suites in the world. NCA professionals represented the senior creditors through a protracted bankruptcy proceeding that resulted in a successful reorganization negotiated by NCA in which the pre-petition senior lenders equitized their debt to take control of the company. Specifically, NCA assessed HQ’s operating opportunities, including branch rationalizations and lease restructuring opportunities and worked in tandem with management to redesign the organizational structure into an entrepreneurial organization focused on P&L responsibility at the branch level. NCA drove management to (i) sell $20 million of non-core assets, (ii) reject 70+ unprofitable leases, (iii) restructure over 180 leases on substantially more favorable terms, all as the company focused on rationalizing its operations. Post-bankruptcy, an NCA professional served as Executive Chairman of the HQ Board and provided oversight of the continuing operating restructuring that resulted in dramatic EBITDA improvements (i.e., negative $25 million to positive $35 million run-rate). NCA also developed and implemented a restructuring of HQ’s broad franchise network in order to align the interests of HQ and its franchisees. In addition, Navigant Capital Advisors, LLC served as HQ’s exclusive financial advisor and negotiated the sale of HQ to Regus PLC in a transaction that resulted in full recoveries to the holders of pre-bankruptcy secured claims and significant recoveries for the holders of unsecured bankruptcy claims.

HQ Global Workplaces is the leading provider of executive office space and associated services and was the largest franchisor of executive office suites in the world. NCA professionals represented the senior creditors through a protracted bankruptcy proceeding that resulted in a successful reorganization negotiated by NCA in which the pre-petition senior lenders equitized their debt to take control of the company. Specifically, NCA assessed HQ’s operating opportunities, including branch rationalizations and lease restructuring opportunities and worked in tandem with management to redesign the organizational structure into an entrepreneurial organization focused on P&L responsibility at the branch level. NCA drove management to (i) sell $20 million of non-core assets, (ii) reject 70+ unprofitable leases, (iii) restructure over 180 leases on substantially more favorable terms, all as the company focused on rationalizing its operations. Post-bankruptcy, an NCA professional served as Executive Chairman of the HQ Board and provided oversight of the continuing operating restructuring that resulted in dramatic EBITDA improvements (i.e., negative $25 million to positive $35 million run-rate). NCA also developed and implemented a restructuring of HQ’s broad franchise network in order to align the interests of HQ and its franchisees. In addition, Navigant Capital Advisor’s, LLC served as HQ’s exclusive financial advisor and negotiated the sale of HQ to Regus PLC in a transaction that resulted in full recoveries to the holders of pre-bankruptcy secured claims and significant recoveries for the holders of unsecured bankruptcy claims.

MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold substantially all the assets of Hualapai Mountain Medical Center in Kingman, Ariz., to Kingman Regional Medical Center (KRMC). 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.

InfraSource Services, Inc. (NYSE: IFS), a leading provider of infrastructure services for electric power, gas, and telecommunications intensive industries in the United States, was acquired by Quanta Services, Inc. (NYSE: PWR) in a $1.47 billion all-stock transaction. Through the acquisition of InfraSource, Quanta created one of the largest specialty contractors in the U.S., with more than $3.2 billion in revenue and a market capitalization in excess of $3.0 billion. With its enhanced resources, expanded geographic footprint and broader service portfolio, the combined company is well-positioned to profit from anticipated increases in spending on electric power, gas and telecommunications infrastructure.

Navigant Capital Advisors, LLC (“NCA”) acted as Co-Advisor to InfraSource in connection with its sale to Quanta. NCA had served as a trusted advisor to InfraSource over the past several years and had previously advised InfraSource on its divestiture of Electric Services, Inc. to Square D Company, a division of Schneider Electric (ENXTPA:SU). NCA had also worked with the Company’s Sunesys division to support the expansion of the division through acquisitions.

Ingersoll was a $210 million multinational supplier of special machine tools and cutting tools for metalworking industries as well as the construction, agriculture and transportation industries. NCA served as the financial advisor to Ingersoll’s senior secured lenders in connection with their $55 million secured bankruptcy claim. Our professionals developed a restructured collateral package and led negotiations with the international debtor resulting in the senior secured lenders realizing a 100% recovery from the sale of Ingersoll’s domestic and international operations through a Chapter 11 bankruptcy and Section 363 auction process.

NCA served as financial advisor to the Unsecured Creditors' Committee of Heartland Automotive Services, Inc., the largest franchisee of Jiffy Lube service centers, which operated approximately 440 quick-oil-change stores in major markets. Our professionals orchestrated the final plan of reorganization, including negotiation of oil contracts, franchise agreements, senior lender credit facilities, debt-to equity conversion and new money from equity sponsor. Heartland ultimately emerged from Chapter 11.

Limbach Facility Services, LLC is a $300 million provider of comprehensive construction services, including mechanical and electrical construction, pipe fitting, sheet metal fabrication, plumbing, HVAC service and maintenance, and engineering and mechanical construction management services. The Company, which operates in nine regional markets, is one of the largest mechanical contractors in the United States. NCA was retained as exclusive financial advisor to the Company in connection with its restructuring efforts, which resulted in the avoidance of a forced liquidation and successful recapitalization after marked operating improvement.

LMS Intellibound, Inc. is a leading third party logistics company providing labor services to warehouses and distribution centers. LMS is a nationwide provider of outsourced managed labor services, with a particular focus on the grocery, food service and other retail sectors. NCA served as exclusive financial advisor to LMS in its sale to MCG Capital Corporation (NASDAQ:MCGC).

Istithmar Group, PJSC, a leading Middle Eastern private equity group controlled by the country of Dubai, engaged Navigant Capital Advisors, LLC as its buy-side advisor in connection with the acquisition of Loehmann’s, a leading U.S.-based national, off-priced apparel specialty retailer.

MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold its interest in Louisiana Medical Center & Heart Hospital to Cardiovascular Care Group (CCG). 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 the majority of the assets of its MedCath Partners division to DLP Healthcare, a joint venture of LifePoint Hospitals and Duke University Health System. 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 is a publicly traded (NASDAQ:MDTH), $600 million in revenues, national healthcare provider focusing on high-acuity services and specializing in the diagnosis and treatment of cardiovascular disease. NCA was engaged as exclusive financial advisor to evaluate potential strategic alternatives, including a sale of the company, either through the sale of its equity, assets and/or ownership interests in associated ventures. As financial advisor, responsibilities include: (i) positioning the Company and its hospitals for sale; (ii) identification and solicitation of potential acquirers; and, (iii) negotiation of terms of any definitive purchase agreement. To date, more than 10 healthcare facilities have been sold to various buyers, at a total value of over $500 million.

Mediq Incorporated is the nation’s leading provider of moveable medical equipment on a daily rental basis to individual and institutional consumers. NCA professionals represented Mediq’s secured creditors in a successful Chapter 11 reorganization pursuant to which such lenders equatized their debt to take control of the Company. Upon engagement, NCA professionals undertook a review of the Mediq’s financial and operating performance and then developed and negotiated the reorganization plan on behalf of its client. Post-bankruptcy, an NCA professional served as Executive Chairman of the Mediq Board and oversaw the continuing operating restructuring focused on branch rationalization, overhead reductions, and renegotiation of key vendor and franchisee relationships. The operating restructuring led by NCA professionals increased EBITDA from $45 million to $60 million over a 12 month period. NCA professionals were also retained as as the company’s sell side advisor and negotiated the sale of Mediq to Hill-Rom, Inc. (a division of Hillenbrand) as well as the sale of ACS (a division of Mediq) to Invacare Corporation. The sale resulted in a full recovery to the pre-petition holders of the “fulcrum” bankruptcy claims.

Mississippi Power is an investor-owned electric utility serving most of the cities, towns, and communities within the 23 counties of southeast Mississippi. NCA was engaged by Mississippi Power to perform a valuation of two power generating plants in a synthetic lease transaction.

Morton Hospital and Medical Center is a 154-bed acute care hospital offering a full spectrum of medical and surgical services located in Taunton, MA, approximately 40 miles south of Boston. NCA was engaged to act as financial advisor in connection with exploring strategic alternatives, including identifying a capital or affiliation partner. Navigant professionals initiated and led a successful sales solicitation process. Subsequently, Morton entered into an Asset Purchase Agreement with Steward Health Care System whereby Steward agreed to acquire the hospital for assumption of indebtedness, cash, and capital commitments. All outstanding obligations to creditors were satisfied in the transaction.

Nationwide Warehouse is one of the largest multi-site, discount furniture retailers of upholstery, bedding, case goods and other accessories. NCA professionals were retained by Nationwide’s senior lenders to assist in a capital restructuring effort through a plan of reorganization. Pursuant to a Section 363 auction process, NCA served as sell-side advisor in the sale of Nationwide to Sun Capital.

NEGT, a wholly owned subsidiary of PG&E Corporation, engaged in gas transmission, power generation and wholesale energy marketing and trading. Navigant Capital Advisors was retained as financial and restructuring advisor to the Committee of Unsecured Creditors during its Chapter 11 bankruptcy filing.

NCA was retained by GMAC-RFC as financial and restructuring advisor in connection with the bankruptcy of Neumann Homes, Inc., a major regional builder based in Chicago, IL. An NCA professional is currently serving as Chairman of the Neumann Homes, Inc. Creditors Committee.

New Island Hospital (“NIH”) is a single facility, 150 bed (223 authorized) community hospital servicing Bethpage, NY and the surrounding communities. NCA developed, negotiated and implemented a successful out-of-court restructuring in which NIH’s outstanding bonds were defeased, NIH’s capital structure was restructured resulting in a complete waiver of over 40% of the existing credit obligations and a change of control over the governance of the hospital.

Office Depot, Inc. is one of the world’s largest sellers of office products and an industry leader in every distribution channel, including stores, direct mail, contract delivery, the Internet and business-to-business electronic commerce. NCA was engaged by Office Depot, Inc. to value their Accounts Receivable for IRC Section 475 purposes.

Fortress Investment Group, LLC is an alternative asset manager which raises, invests and manages private equity funds and hedge funds. The private equity business primarily focuses on control-oriented investments and the hedge fund business includes the hybrid hedge fund, which invests in undervalued and distressed assets, and the liquid hedge funds, which invest in the fixed income, currency, equity and commodity markets. Navigant Capital Advisors, LLC served as financial advisor to Fortress in a sale leaseback transaction to provide financing for the acquisition of 85 Papa John’s franchised units.

Paradigm Management Services, LLC (“Paradigm”) is the leading provider of catastrophic claims management services. NCA served as Paradigm’s exclusive financial advisor in structuring and negotiating a joint-marketing agreement with a leading insurance broker, thereby adding an additional distribution channel for Paradigm ’s unique services.

Pasadena Tank Corporation (“PTC”) is a closely-held, family-owned business and a leading provider of engineering, fabrication and construction, and repair and maintenance services for aboveground storage tanks (AST). PTC provides these services for customers that produce, process, store and distribute petrochemical products throughout the world. PTC entered into a definitive agreement to merge with HMT Inc. a portfolio company of Berkshire Partners.

HMT provides a suite of products and services to the AST industry through product sales, inspection, repair and maintenance, fabrication, engineering and design, coating and lining. This transaction allows HMT to expand its new tank fabrication business while strengthening its repair and maintenance capabilities. The combination of HMT and PTC yields a well respected, full-service leading supplier to the petrochemical industry.

Navigant Capital Advisors, LLC was engaged as PTC‘s exclusive financial advisor and successfully structured, negotiated and closed this transaction.

PBI Regional Medical Center (“PBI”) is a 200 bed non-profit community hospital in Passaic, NJ. NCA and NCI’s healthcare consultants were jointly retained to assist in preparation of a performance improvement and capital restructuring plan. In connection with the restructuring process, NCA professionals served as Chief Restructuring Officer, interim CEO, interim COO, and interim CFO. The financial restructuring was accomplished through a Chapter 11 bankruptcy filing in which the assets of PBI were successfully sold pursuant to a Section 363 auction to St. Mary’s Hospital of Passaic. As a result of the bankruptcy sale, PBI’s senior secured lenders received a 100% recovery.

Protocol Communications, Inc. is a $180 million integrated direct marketing company serving businesses in the combined areas of direct marketing, data and production services, lead management solutions, contact centers, and media replication and fulfillment services with $18 million of EBITDA. NCA was engaged by the company’s holders of $115 million of senior secured notes to evaluate capital structure alternatives, various operational restructuring scenarios, and the Company’s short and long-term financial plans. NCA successfully negotiated with subordinated debt holder a debt to equity conversion. The Company emerged from bankruptcy with $85 million of Senior Debt, with the Senior Lenders owning 58% of the Company’s new equity.

Pull-A-Part is a leading do-it-yourself used auto parts retailer. NCA served as exclusive financial advisor and agented the private placement of $60.0 million of credit enhanced taxable Variable Rate Demand Bonds, a $20.0 million letter of credit facility, a $15.0 million line of credit, and $6.0 million of senior secured notes.

Quincy Medical Center (QMC) is a private, non-profit acute care community hospital located in Quincy, MA with 196 licensed beds and a medical staff that includes over 340 physicians. NCA was engaged by QMC to provide strategic alternative and restructuring support services including: (i) managing a competitive process to identify strategic alternatives including the sale of the hospital and other non-core assets; (ii) negotiating with QMC's bondholders and other creditors regarding financial restructuring matters; and, (iii) assisting in other capital restructuring related matters. Our professionals initiated and led a competitive marketing process that resulted in QMC entering into an Asset Purchase Agreement with Steward Health Care System pursuant to Section 363 under Chapter 11 of the U.S. Bankruptcy Code.

Radica Games Limited (NYSE: RADA) is a leading pure-play developer, manufacturer and distributor of classic electronic entertainment products. Radica has successfully combined its unique technological capabilities with classic games and applications to cement its position as a market leader in the electronics game space. Navigant Capital Advisors, LLC served as exclusive financial advisor to Radica, initiating the sale of the Company to Mattel, Inc. (NYSE: MAT) and rendering a Fairness Opinion in connection with this going private transaction.

ReView Video, LLC is a leading independent distributor of audio and video conferencing and web collaboration equipment. Navigant Capital Advisors, LLC acted as exclusive financial advisor to ReView Video and its shareholders, which included the control investor, Alpine Investors, LP, a leading San Francisco private equity firm, in the sale of 100% of its assets to the Westcon Group, Inc., a leading specialty distributor in networking, convergence, security and mobility equipment.

Sumner Regional Health Systems (SRHS) is a four-hospital healthcare organization (including Riverview Regional Medical Center) serving eleven counties in Tennessee. Due to excessive leverage from past bond issuances in 2007 and 2008 and recurring poor operating performance, NCA was retained as financial advisor in connection with exploring strategic alternatives. Our professionals also served as interim manager and drove over $18 million in year over year annualized EBIDA enhancements. As strategic alternative and asset disposition advisor, NCA positioned SRHS to maximize results in pursuit of strategic alternatives, initiating and leading a competitive marketing process resulting in numerous offers negotiated with a wide array of national and regionally-focused hospital companies. A transaction with LifePoint Hospitals valued at approximately $156 million was consummated pursuant to Section 363 under Chapter 11 of the U.S. Bankruptcy Code, resulting in complete recovery by secured and unsecured creditors.

Fortress Investment Group, LLC is a privately owned investment manager. The firm provides its services to pension funds, endowments and foundations, financial institutions, funds of funds and high net worth individuals. It manages separate client focused portfolios and hedge funds and invests in the public equity, fixed income and alternative investment markets of the U.S. and across the globe. Buffets, Inc./Ryan’s Restaurant Group operates a chain of restaurants primarily in the mid-scale family dining industry in the U.S. As of June 28, 2006, it had 338 company-owned restaurants and 18 franchised locations in 35 states. Navigant Capital Advisors, LLC served as financial advisor to Fortress in the sale leaseback of 282 properties..

NCA was retained by SageCrest II, LLC's investors and appointed by the bankruptcy court to manage the $750 million hedge fund operating in Chapter 11. Our professionals were responsible for management of the fund including overall responsibility for performance improvement of operating assets (three hotels, a condo development, a golf course among others) in addition to raw land assets, a life settlement portfolio, asset-backed loans and corporate loans. NCA oversight includes near-term exit from Chapter 11 and ultimate disposition of all fund asset over a multi-year process.

Sarcom, Inc. is a $240 million leading Midwest information technology services and solutions provider to business enterprises, primarily Fortune 1000 and 2000 firms, and government agencies throughout the U.S. The company provides its clients with IT consulting, implementation and operations services across the IT continuum. NCA initially served as financial advisor to senior secured lenders, leading a capital restructuring with a debt to equity conversion. Upon achieving control, NCA served as stakeholder representative overseeing the operating restructuring and ultimate exit transaction.

Select Staffing, Inc. provides employment solutions to manufacturing, industrial, clerical, accounting, technical, and professional services companies. Select Staffing acquired Tandem Staffing Solutions, Inc., a leading provider of temporary staffing services to the light industrial and clerical sectors of the U.S. staffing industry. The combined entity will have annual sales of nearly $1.5 billion, and serve more than 10,000 customers in 35 states from over 300 offices. Navigant Capital Advisors, LLC served as the exclusive financial advisor to Select Staffing.

NCA was appointed by the United States Bankruptcy Court for the Northern District of Illinois as Financial Advisor to the estate of $1.5 billion Sentinel Management Group, Inc., reporting to the court‐appointed trustee. NCA assisted the trustee and outside counsel in the operation and management of the estate, identification and collection of all electronic and hard‐copy data, performing forensic analysis of historical trading, financing and customer account activity, tracing and identification of fund assets and development of accounting, solvency and other financial analyses in support of legal action brought by the trustee against third parties. In addition, our professionals participated in presentations of factual information and analyses to the Creditors Committees and regulators, including SEC, CFTC and NFA. Declarations were submitted in support of litigation and NCA served as testifying experts in current and contemplated litigation against third parties.

Souper Salad, Inc. is a privately held company that operates 91 restaurants in 12 states, including 40 locations in Texas. The company’s business platform is based on an “all you can eat” soup and salad concept. NCA was retained as the exclusive financial advisor to Souper Salad in the company’s bankruptcy filing. The company filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code, with NCA professionals negotiating the terms of a consensual plan of reorganization with its creditors.

MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold its minority ownership in Southwest Arizona Heart and Vascular Center, LLC. 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.

NCA served as exclusive financial advisor to the Special Committee of State Mutual Insurance Company (“SMIC”), in connection with SMIC’s divestiture of a controlling equity interest in an insurance marketing services subsidiary. In addition to providing financial advisory services to the SMIC Special Committee, NCA rendered a fairness opinion to the board of SMIC in connection with the transaction.

Sumner Regional Health Systems (SRHS) is a four-hospital healthcare organization serving eleven counties in Tennessee. Due to excessive leverage from past bond issuances in 2007 and 2008 and recurring poor operating performance, NCA was retained as financial advisor in connection with exploring strategic alternatives. Our professionals also served as interim manager and drove over $18 million in year over year annualized EBIDA enhancements. As strategic alternative and asset disposition advisor, NCA positioned SRHS to maximize results in pursuit of strategic alternatives, initiating and leading a competitive marketing process resulting in numerous offers negotiated with a wide array of national and regionally-focused hospital companies. A transaction with LifePoint Hospitals valued at approximately $156 million was consummated pursuant to Section 363 under Chapter 11 of the U.S. Bankruptcy Code, resulting in complete recovery by secured and unsecured creditors.

Sunesys, LLC is a leading provider of high-speed, dedicated fiber optic networks. With its extensive network of fiber optic facilities, Sunesys can service academic institutions (K-12 and higher education), business enterprises, government, hospitals and telecommunications carriers. Sunesys acquired DES Communications, Inc.. Navigant Capital Advisors, LLC served as financial advisor to Sunesys, a division of InfraSource Services, Inc.

Taylor Bean & Whitaker Mortgage Corporation is the nation's 12th largest home mortgage lender, headquartered in Ocala, FL. The Company serviced $80 billion of mortgage loans and originated approximately $40 billion of mortgage loans in the last 12 months. NCA was engaged to provide Chief Restructuring Officer and other support personnel in connection with Taylor Bean's Chapter 11 bankruptcy filing. Navigant professionals coordinated and directed the administration of the Company's Chapter 11 case, including assistance with respect to the preparation of bankruptcy schedules, statements of financial affairs and any plan of reorganization or liquidation relating to the Company.

Taylor Bean & Whitaker Mortgage Corporation is the nation's 12th largest home mortgage lender, headquartered in Ocala, FL. The Company serviced $80 billion of mortgage loans and originated approximately $40 billion of mortgage loans in the last 12 months. NCA was engaged to provide Chief Restructuring Officer and other support personnel in connection with Taylor Bean's Chapter 11 bankruptcy filing. Navigant professionals coordinated and directed the administration of the Company's Chapter 11 case, including assistance with respect to the preparation of bankruptcy schedules, statements of financial affairs and any plan of reorganization or liquidation relating to the Company.

MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity services, predominantly the diagnosis and treatment of heart disease, sold substantially all the assets of TexSan Heart Hospital, owned by MedCath and its physician investors, to Methodist Healthcare System of San Antonio. 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.

TLC Health Care Services, Inc. (“TLC”) is a provider of home nursing and hospice services with 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. TLC’s licensed healthcare professionals provide a wide range of skilled nursing services including disease management, cardiac care, behavioral healthcare, and patient and family healthcare counseling. NCA was retained by TLC’s equity holders to assist in an ongoing financial and operating restructuring. Following NCA’s successful renegotiation of a consensual debt restructuring, NCA professionals oversaw an in-depth operating restructuring. The results of the operational improvement plan implemented by NCA resulted in a significant increase of the Company’s EBITDA from $24.0 million to $38.0 million over a 12-month period.

TLC Health Care Services, Inc. (“TLC”) is a provider of home nursing and hospice services with 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. TLC’s licensed healthcare professionals provide a wide range of skilled nursing services including disease management, cardiac care, behavioral healthcare, and patient and family healthcare counseling. Amedisys, Inc. (NASDAQ:AMED), one of America’s leading home nursing companies acquired TLC Health Care Services, Inc. for $395.0 million in cash.

Navigant Capital Advisors, LLC (“NCA”) was originally engaged as TLC’s exclusive financial advisor to provide capital and operating restructuring. Subsequently, NCA was retained to provide sell-side advisory services and successfully structured, negotiated and closed this transaction.

Tomball Regional Medical Center (TRMC) operates as a comprehensive acute care health system serving the greater northwest Houston, Texas market with 358 licensed beds and a medical staff that includes approximately 360 physicians. NCA was engaged by TRMC to provide strategic alternative, performance improvement and restructuring support services including: (i) managing a competitive process to identify strategic alternatives including the sale of the hospital and other non-core assets; and, (ii) negotiating with TRMC's bondholders and other creditors regarding capital structure matters. TRMC achieved over $10 million in annualized EBIDA run rate improvement, and after conducting a competitive solicitation process entered into an asset purchase agreement with Community Health Systems, Inc. (NYSE: CYH).

Sumner Regional Health Systems (SRHS) is a four-hospital healthcare organization (including Trousdale Medical Center) serving eleven counties in Tennessee. Due to excessive leverage from past bond issuances in 2007 and 2008 and recurring poor operating performance, NCA was retained as financial advisor in connection with exploring strategic alternatives. Our professionals also served as interim manager and drove over $18 million in year over year annualized EBIDA enhancements. As strategic alternative and asset disposition advisor, NCA positioned SRHS to maximize results in pursuit of strategic alternatives, initiating and leading a competitive marketing process resulting in numerous offers negotiated with a wide array of national and regionally-focused hospital companies. A transaction with LifePoint Hospitals valued at approximately $156 million was consummated pursuant to Section 363 under Chapter 11 of the U.S. Bankruptcy Code, resulting in complete recovery by secured and unsecured creditors.

Tubular Products Company is a closely-held, family-owned business and a recognized leader in the design, engineering, manufacturing and supply of value-added laser cut carbon steel tubing, fabricated tubular components, and welded sub-assemblies. Tubular’s products are sold into a variety of end markets, including outdoor and power transmission equipment, all-terrain, automotive and other vehicles and reusable coil carriers throughout North America. The Company was acquired by Samuel Manu-Tech Inc., a publicly-traded industrial products company that is listed on the Toronto Stock Exchange (TSX: SMT). The acquisition was structured as an all-stock transaction for $33 million cash plus an additional one-year provisional performance payment. Navigant Capital Advisors, LLC was engaged as Tubular’s exclusive financial advisor for this transaction.

Twin City Hospital is a 25-bed, not-for-profit 501(c)3, critical access hospital located in Dennison, Ohio. NCA was engaged by Twin City Hospital to act as financial advisor in connection with exploring strategic alternatives including the sale of the hospital. Our professionals initiated and led a competitive marketing process that resulted in the sale of Twin City Hospital to Franciscan Services Corp. pursuant to Section 363 under Chapter 11 of the U.S. Bankruptcy Code.

U.S. Energy Corporation, a Nasdaq OTC traded company, is a developer of natural resource deposits primarily in the western United States. U.S. Energy owned 70% of Crested Corporation, a joint venture partner in most of its investments. U.S. Energy sought to purchase the remaining shares it did not own and sought a fairness opinion governing the price the Company intended to pay. NCA rendered an initial fairness opinion in January 2007 and subsequently re-affirmed its opinion in October 2007.