|
|
|
|
|
Able Garage Door Manufacturing offered a complete line of residential and commercial sectional garage doors to the commercial construction industry. Chiron Financial Advisors, L.L.C. was engaged by the Official Committee of Unsecured Creditors to provide a range of financial advisory services, including expert testimony on DIP financing and valuation. |
|
|
|
|
|
Kvaerner Songer, Inc. and its wholly-owned subsidiaries serve as the union construction arm of Kvaerner Holding, Inc. where they provide a full range of construction, maintenance and renovation services to the North American Industrial sector. Chiron Financial Advisors, L.L.C. was engaged by Kvaerner Holdings to perform financial advisory and valuation services in connection with the restructuring alternatives. |
|
|
|
|
|
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 provided expert testimony relating to DIP financing and valuation. Chiron Financial Advisors, L.L.C. was successful in negotiating more favorable terms for its debtor-in-possession financing agreement, and a substantial increase in recovery to the Unsecured Creditors. |
|
|
|
|
|
Authentix is a Dallas-based company that offers a complete portfolio of anti-counterfeiting, adulteration prevention, and supply chain control solutions. Authentix distinguishes itself with proprietary technologies and methods, and a complete, customized solution for clients to stop current counterfeiters and prevent future abuses. Chiron Financial Advisors, L.L.C. was retained by the Company to perform a valuation analysis and assist the Company with its strategic options. |
|
|
|
|
|
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. Chiron Financial Advisors, L.L.C. was charged with numerous appearances as an expert witness and was instrumental in achieving a 100% recovery to the Unsecured Class of Creditors. |
|
|
|
|
CapRock is a privately held company that delivers satellite-based
communications to businesses operating in the world's harshest
and most remote locations. Chiron Financial Advisors, L.L.C. was engaged to provide valuation
services specifically pertaining to the outstanding warrants
of the company.. |
| |
|
|
|
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 alternatives to the Company's proposed plan of reorganization. The financial advisory assignment included expert testimony and valuation of the Company assets. |
|
|
|
|
|
Chiron Financial Advisors, L.L.C. has on several occasions been engaged by Chevron in connection with restructuring of relationships with fuel distributors and retailers. The recent Chiron Financial Advisors, L.L.C. mandates for Chevron have included restructuring and expert testimony. Chiron Financial Advisors, L.L.C. was engaged relative to business plan feasibility of two Chevron fuel distributors and also as to structure a market interest rate on the senior secured note held by Chevron.
|
|
|
|
|
|
|
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 including valuation. |
|
|
|
|
|
Compass Bank was a construction lender to a Houston-based homebuilder. The homebuilder was involved in major litigation which ultimately resulted in a judgment against the homebuilder. There were many homes and land developments under construction. The home builder sought protection under Chapter 11 to reorganize its business. Compass Bank was the legacy lender and was willing to provide Debtor-in-Possession financing to complete the projects. The judgment creditor had objected to such financing. Chiron Financial Advisors, L.L.C. was hired by the lender to provide expert testimony relative to valuation of assets and allowing a DIP loan to be made. Subsequently, the projects were completed and sold, and more value realized by the estate. |
|
|
|
|
|
Evans Industries, Inc. had filed for protection under Chapter 11 of the U.S. Bankruptcy. Chiron Financial Advisors, L.L.C. was engaged to provide financial advisory to the Official Committee of Creditors which included valuation, preference actions, D & O liabilities, expert testimony on bidding procedures and plan confirmation. |
|
|
|
|
|
Garden Ridge has grown into a leader in home-decorating accessories with 44 stores in 13 Midwest and southeast states. 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. This included several expert testimony appearances and valuation of the Company.
|
|
|
|
|
|
Katz's Deli and Bar is an established made to order Deli Restaurant located in Austin and Houston, Texas. The Austin Restaurant first opened in 1979 and the Houston location followed in 2000. The Katz's Deli entity was a father and son Partnership. The relationship was severed with the son receiving a significant note and the Houston location. The father's company soon filed for Chapter 11 protection. 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 valuation and a successful reorganization plan ultimately led to the real estate being sold and the son being paid. |
|
|
|
|
|
Mexmal was a company that capitalized on the growing demand for computer products in Mexico. Chiron Financial Advisors, L.L.C. was engaged to seek alternatives which ultimately included a Section 363 Sale under the provisions of Chapter 11. There were substantial amounts of valuation analysis performed prior to the Ch 11 filing as there was a possibility of selling the assets outside of a bankruptcy. |
|
|
|
|
|
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 a competing plan of reorganization. |
|
|
|
|
|
Renata Resort, LLC is a Florida-based company established to erect a 23-story high-rise condominium on the beach of Panama City Beach. The Company was facing financial distress and Chiron Financial Advisors, L.L.C. was hired. Chiron Financial Advisors, L.L.C. was successful in arranging a Debtor-in-Possession financing facility and certain creditors objected to the financing. Chiron Financial Advisors, L.L.C. provided the expert testimony which enabled the Company to obtain the DIP financing. The DIP financing saved the Company and allowed sufficient time to conduct an auction in order to sell the Company, maximizing value to the estate.
|
|
|
|
|
|
|
Dynamic Fluids Acquisition
Current engagement: Chiron Financial Advisors, L.L.C. has been retained as the exclusive advisor in its acquisition on Dynamic Fluids, a Colorado based drilling fluids company. Chiron Financial Advisors, L.L.C. has provided several valuation alternatives and proposed structures for a stock purchase agreement.
|
|
|
|
|
|
T-Bar X was a partnership involved in the exploration and production of oil and gas in an east Texas Leasehold. Chiron Financial Advisors, L.L.C. was engaged to provide valuation services and to provide strategic alternatives including the timing of a sale. |
|
|
|
|
|
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. Chiron Financial Advisors, L.L.C. was engaged by the Official Committee of Unsecured Creditors to value the retail electric book of TCE, and provide expert testimony relative to a plan of reorganization. |
|
|
|
|
|
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. At that time, TransTexas had senior secured notes in excess of $220 million. 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. provided expert valuation opinion in connection with the reorganization of the Company. |
|
|
|
|
|
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 value the assets and develop a plan to market and sell VMW's assets. |
|
|
|