Case Studies
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Duff & Phelps was engaged by Epstein and Nicor to serve as the exclusive financial advisor in the sale of ENE. Duff & Phelps marketed the Company to domestic and international strategic and financial acquirers and generated a significant interest in the acquisition opportunity. As part of its plan to emerge from bankruptcy under Chapter 11 of the U.S. Bankruptcy Code, a multi-national Industrial Products company engaged Duff & Phelps to provide Fresh Start Accounting related valuation services.
Duff & Phelps was engaged by a client that was reorganizing under Chapter 11 of the U.S. Bankruptcy Code and required assistance with Fresh Start Accounting.
On behalf of the client, Duff & Phelps negotiated and obtained offers of incentives valued at approximately $120 million. The agreement permits the company to expand its operations and obtain a pro-rata increase in its future incentives. Duff & Phelps conducted a three-month review of several competing domestic and international locations and ultimately negotiated a retention package with the manufacturer’s home state. Duff & Phelps helped the company realize $1.5 million in savings through the identification of potential items of unclaimed property that were exempt either because of statutory and administrative exemptions or because the items related to previously undocumented accounting mispostings and classifications. Duff & Phelps helped the major retailer to achieve over $3 million in savings as a result of planning to avoid unredeemed gift cards from constituting as unclaimed property in addition to securing a $300,000 refund of over remitted unclaimed property from a state. A large oil and gas service client needed compliance support with its unclaimed property filings. Duff & Phelps helped the major retailer to achieve over $3 million in savings as a result of planning to avoid unredeemed gift cards from constituting as unclaimed property in addition to securing a $300,000 refund of over remitted unclaimed property from a state.
The client anticipated a critical need for capacity expansion and must justify large and risky investment and determine the optimal capacity expansion strategy. |
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Case Studies | Duff & Phelps