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Recapitalization / Restructuring

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Able Garage Door Manufacturing offered a complete line of residential and commercial sectional garage doors to the commercial construction industry. The Company had a significant shareholder dispute which led to a Chapter 11 filing. Chiron Financial Advisors, L.L.C. was engaged by the Official Committee of Unsecured Creditors.


All Star Gas Corporation (“All Star”) was a public company engaged primarily in the retail marketing of propane and propane-related appliances, supplies and equipment to residential, agricultural and commercial customers. Chiron Financial Advisors, L.L.C. was retained as the financial advisor to the Official Committee of Unsecured Creditors, and was instrumental in assisting the Company to reestablish vendor credit arrangements, negotiating more favorable terms for its debtor-in-possession financing agreement, and a substantial increase in recovery to the Unsecured Creditors.


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 alternatives to the Company's proposed plan of reorganization.


Century Care of America owned five skilled nursing and long term health facilities throughout the State of Texas. The Company provided healthcare services primarily through third party administration of skilled nursing services under Medicare and long-term care services under Medicaid. 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 alternatives to the Company's proposed plan of reorganization.


Doctors' Hospital is a 229 bed hospital and 50,000 square foot medical office building located on the north side of Houston serving the indigent and working poor population. Chiron Financial Advisors, L.L.C. was engaged as the investment bank to the Official Unsecured Committee and was successful in facilitating a plan of reorganization.


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. was engaged to provide financial advisory to the Official Committee. Chiron Financial Advisors, L.L.C. conducted a sell-side auction that resulted in the sale of the company to Greif Industrial & Packaging, LLC giving the estate a significant recovery.


Garden Ridge has grown into a leader in home-decorating accessories with 44 stores in 13 Midwest and southeast states. Citing above market lease rates and extremely burdensome lease agreements as the central reason for the Company's financial difficulty, Garden Ridge filed for Chapter 11 Reorganization in February, 2004. Chiron Financial Advisors, L.L.C. was engaged to perform financial advisory services on behalf of the Ad Hoc Committee of Landlords in their evaluation of the Company's restructuring alternatives.


Located in Houston, Texas, 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 in their evaluation of Restructuring Alternatives.


Switzer Petroleum Products, Inc. owned and operated a chain of retail convenience stores and filling stations throughout the Dallas/Fort Worth Metroplex. Chiron Financial Advisors, L.L.C. was retained by the Official Committee of Unsecured Creditors to provide a range of financial advisory services.


Texas Commercial Energy (“TCE”) is a Retail Electric Provider (“REP”) serving commercial and industrial customers in Texas. TCE became the first REP in Texas newly deregulated marketplace to file for protection under Chapter 11 of the Bankruptcy Code. Chiron Financial Advisors, L.L.C. was engaged by the Official Committee of Unsecured Creditors.


TransTexas Gas Corporation is a Houston-based exploration and production company which entered into Chapter 11 bankruptcy proceedings. Chiron Financial Advisors, L.L.C. was engaged by the Committee and charged with reviewing proposed alternatives and working with other under secured parties. Chiron Financial Advisors, L.L.C. was successful in these efforts and the reorganization plan of the largest Unsecured Senior Note Holder, Carl Icahn, prevailed.



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