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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

WSI International, Inc. operates and franchises a chain of English-language learning centers in 26 countries, including 96 Company-owned and 261 franchised locations. WSI’s primary shareholder is the Carlyle Group. D.E. Shaw Direct Capital (formerly Laminar Direct Capital), is a division of The D.E. Shaw Group that provides equity and debt capital to small and mid-sized businesses. D.E. Shaw Direct Capital engaged NCA professionals to provide due diligence services relating to its proposed credit facility to WSI, including financial and operational due diligence convering WSI’s divisions in China, Taiwan, Europe, and South America.

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).

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.

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.

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..

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.

Wendy’s Old Fashioned Hamburgers is the third largest quick-service hamburger restaurant chain in the world, with more than 6,600 restaurants. NCA was engaged as financial advisor by a seven-unit franchisee to facilitate a debt restructuring and evaluate strategic alternatives.