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Barnett Marine was a barge leasing, offshore construction and repair company based in New Orleans, Louisiana. The Company filed Chapter 11 with over $50 million in assets. Chiron Financial Advisors, L.L.C. was retained by the Official Committee of Unsecured Creditors to evaluate the Company's operations and financial condition and to evaluate and develop competing alternatives to the Company's proposed plan of reorganization. Chiron Financial Advisors, L.L.C. was instrumental in achieving a competing plan that provided a 100% recovery to the Unsecured Class of Creditors.
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Century Care of America owned five skilled nursing and long term health facilities throughout the State of Texas. Chiron Financial Advisors, L.L.C. was retained by the Official Committee of Unsecured Creditors to evaluate the Company's operations and financial condition and to evaluate and develop competing alternatives to the Company's proposed plan of reorganization. The Unsecured Creditors achieved a significant recovery by developing a competing plan of reorganization.
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Clinical Labs USA, Inc. (CLUSA) was the leading provider of Clinical Diagnostic Services to the nursing home industry. CLUSA was formed through the simultaneous acquisition of the three leading providers of Clinical Diagnostics to the nursing home industry. This was known as a Roll-up. Chiron Financial Advisors, L.L.C. was engaged by the Board of the CLUSA Holding Company to provide financial alternatives which included a Chapter 11 filing for one of the subsidiary companies.
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Cygnus Oil and Gas is an energy exploration company with significant assets in unconventional asset opportunities. These assets include Fayetteville and Caney/Woodford Shale plays. Chiron Financial Advisors, L.L.C. was engaged to provide restructuring and to raise additional capital for the company.
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Del Pueblo Foods is a Port Arthur, TX-based food processing company that specializes in hand-stuffing olives with jalapenos, blue cheese, garlic, onions, and other foodstuffs. Chiron Financial Advisors, L.L.C. was hired by Del Pueblo Holdings, LLC as the exclusive financial advisor to pursue a sale of the company in Chapter 11.
Chiron Financial Advisors, L.L.C. structured a DIP facility for Del Pueblo Holdings and subsequently sold the assets of the company.
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Evans Industries, Inc. had filed for protection under Chapter 11of the U.S. Bankruptcy. The company refused to engage an investment bank to work on our behalf of the Debtor to seek alternatives to provide the most value to the estate. Chiron Financial Advisors, L.L.C., who had been providing financial advisory to the Official Committee, was engaged on a Sell-Side Success Fee basis.
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Katz's Deli and Bar is an established made to order Deli Restaurant located in Austin and Houston, Texas. Chiron Financial Advisors, L.L.C. was hired as a financial advisor to the son's Houston operation. Chiron Financial Advisors, L.L.C. advised the son on a successful competing plan of reorganization which ultimately led to the real estate being sold.
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Mexmal started in Laredo, Texas in 1990 to capitalize on the growing demand for computer products in Mexico. Mexmal was soon distributing its own brand Alaska as well as Dell, Microsoft, and Gateway products. Chiron Financial Advisors, L.L.C. was engaged to seek alternatives which ultimately included a Section363 Sale under the provisions of Chapter 11.
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Panaco, Inc. was an independent exploration and production company with operations focused primarily offshore in the Gulf of Mexico and onshore in the Gulf Coast Region. Chiron Financial Advisors, L.L.C. was engaged to provide financial advisory and valuation services relative to the competing plan of reorganization.
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Renata Resort, LLC is a Florida-based company established to erect a 23-story high-rise condominium on the beach of Panama City Beach. Chiron Financial Advisors, L.L.C. was hired as the exclusive financial advisor to assist the Company with its options. Chiron Financial Advisors, L.L.C. was successful in arranging a Debtor-in-Possession facility that allowed Chiron Financial Advisors, L.L.C. sufficient time to conduct an auction in order to sell the Company.
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Safescript Pharmacies, Inc. targets an underserved patient population utilizing a technology driven bundled prescription solution to aggregate select physician specialists and their prescribing requirements at the point-of-care. Chiron Financial Advisors, L.L.C. had been engaged by Safescripts to advise in a sale of substantially all of its assets under Section 363.
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TransTexas Gas Corporation is a Houston-based exploration and production company which entered into Chapter 11 bankruptcy proceedings for the fourth time in November, 2002. Chiron Financial Advisors, L.L.C. was charged by the Committee with reviewing proposed alternatives and working with other under secured parties. Chiron Financial Advisors, L.L.C. was successful in working with a competing plan of reorganization where the largest Unsecured Senior Note Holder, Carl Icahn, prevailed. The Unsecured Creditors were granted the option of receiving a cash payment or equity in this significantly recapitalized entity.
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Victoria Machine Works (VMW) was a seventy-year-old manufacturer of custom equipment for a variety of industrial end-users in the aerospace and defense, medical and oil and gas industries. Chiron Financial Advisors, L.L.C. was retained by the Company to advise it regarding its financial and strategic alternatives, including advisory work through Chapter 11 proceedings. After commencement of bankruptcy proceedings, Chiron Financial Advisors, L.L.C. worked with the creditors to develop a plan to market and sell VMW's assets.
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