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Recapitalization / Restructuring

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Chemical Waste Services, LLC (“CWS”) was a company which was formed to acquire the assets of Houston Chemical Services, Inc., a company engaged in the storage of hazardous waste. Houston Chemical Services had assets exceeding $20 million. Chiron Financial Advisors, L.L.C. was retained to serve as the exclusive financial advisor to CWS. While the Company was not in compliance with the terms of the permits, over $20 million dollars had been expended in acquiring them. After the Company entered into Chapter 11 proceedings, Chiron Financial Advisors, L.L.C. was called upon to become involved in numerous issues. Chiron Financial Advisors, L.L.C. successfully negotiated a compliance offer and a clean transfer of the permits with the State of Texas. Chiron Financial Advisors, L.L.C. assisted the management team in raising capital to purchase the senior secured note and become the “stalking horse” bid to acquire the assets under a Section 363 Sale.


Marshall Ranch was a golf course anchored master planned community located on the north side of Lake Travis. Chiron Financial Advisors, L.L.C. was engaged by an investor group to assist it in acquiring the senior secured indebtedness of all partnerships in bankruptcy, advise it through the bankruptcy process and propose a plan of reorganization. Chiron Financial Advisors, L.L.C.'s client was subsequently out-bid in the auction process.


MXenergy supplies natural gas and electricity to residential and commercial customers in deregulated energy markets. Since 1999, MXenergy has grown to serve over 500,000 customers in 30 utility territories throughout the United States and Canada. MXenergy engaged Chiron Financial Advisors, L.L.C. to execute a strategy of purchasing distressed debt in a smaller competitor that was in a Chapter 11 proceeding. MXenergy desired to merge the distressed company into MX's Chicago operations. MXenergy was successful in acquiring the distressed debt, but was subsequently outbid for the Company in the Chapter 11 reorganization.


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 on behalf of the Senior Unsecured Bondholders who were purchasing the distressed debt of the Company.


SOLA Communications, LLC was a Louisiana-based company that provided telecommunications, safety and control systems, engineering, contracting, and network management services both domestically and internationally. The Company serves oil and gas drilling and production companies, utilities, and government entities. The Company had sought protection under Chapter 11 of the US Bankruptcy Code. Chiron Financial Advisors, L.L.C. was retained by a distressed debt buyer to assist them with the purchase of the Company. Chiron Financial Advisors, L.L.C. was successful in helping them execute a letter of intent to purchase the senior secured term loan.


Southern Structures, Inc. designs, manufactures and produces custom, innovative building systems utilizing mass production techniques for a variety of industrial end-users. The Company was forced to seek reorganization under Chapter 11. Chiron Financial Advisors, L.L.C. was engaged by a financial buyer to purchase the distressed debt. The debt was subsequently purchased and debtor-in-possession funding was made available to the Company as part of the reorganization plan. Chiron Financial Advisors, L.L.C.'s client was subsequently out bid in an auction process.



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