Qorval Completes Out-of-Court Liquidation for Bedding Company
April 12, 2013
With the Company’s previous restructuring in jeopardy due to market conditions and operating issues, Qorval was called in to prepare a situational assessment that confirmed the Company required an immediate investment to survive and should prepare an in or out-of-court restructuring plan.
After the Company was unable to close a deal with a new partner, the lenders elected to foreclose on the loan and Qorval was brought in as CRO to manage the wind down.
Qorval planned and managed the orderly closing and liquidation of the operating assets and inventories for five manufacturing plants throughout the U.S. in less than 30 days. Because of the quick time-frame and efficient wind down, the Company avoided further cash infusions, and additional exposure was mitigated.
For the case study of this engagement, please go to Case Study
Qorval, which was formed in 2003 and is based in Naples, FL, specializes in providing hands-on expertise to underperforming companies, both domestic and international. Specific areas of experience include investment platform build-outs, financial advisory services, turnarounds and workouts, crisis and interim management, business systems and process optimizations, mergers and acquisition integration, operational due diligence and restructuring counsel.
For more information about Qorval: www.qorval.com
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