Duff & Phelps achieved a business turnaround following 18 months of trading, during which time the theme park and additional properties were developed through investment of £35m. Exit was via CVA which enabled dividend to be paid to unsecured creditors.
Utilising our network of special situation funds, lenders and investors, Duff & Phelps is pleased to announce that it has recently assisted a £50m turnover global recruitment business with obtaining new funding.
About the Client
The CEO of this undisclosed global recruitment specialist to the oil and gas industry needed to implement a succession strategy whilst the new management team pursued expansion into new market sectors.
During this expansion, the firm experienced critical cash flow pressure and was unable to take on further debt to manage its requirements.
Duff & Phelps’ Role
Duff & Phelps successfully introduced a Private Equity investor who funded the implementation of a turnaround strategy. As part of the funding package, a new ownership structure was agreed between the investor and existing shareholders.
Due diligence and legal documents were carried out by the new investor within 4 weeks, thus ensuring minimal disruption to the Company and continuity of trade.
Duff & Phelps continues to assist the business following the re-stabilisation of its financial position. With Duff and Phelps' global reach, we are also well placed to assist the shareholders if or when they decide to sell the business.
has received a USD 40,000,000 Loan Facility.
has received a dual tranche credit facility.
has received a credit facility to finance the acquisition of
has acquired certain assets from Landmark Dividend LLC.
has been acquired by
Rendered financial and tax due diligence and purchase price allocation services on behalf of the buyer
Financial advisor to the board of directors of Helmerich & Payne, Inc. and rendered tax and financial due diligence services on behalf of the buyer