Fidelis Success Stories
$15M Manufacturing Company
Challenge: Losing Money due to recession; payables past due; senior lender over- advanced
Solution: Negotiated stand-still with lender; allowed for successful sale of company
$200M Hospital Group
Challenges: Changes in IP caused 25% drop in billings and collections
Solution: Created interim financial plan to bridge to solution; Acted as interim CTO to transition solution to billing issues
$8M Furniture Retailer
Challenge: Recession caused losses; SBA lender threatening foreclosure
Solution: Created interim plan and negotiated stand-still with lender, allowing for sale of stores
$30M Food Importer and Distributor
Challenges: Senior lender defaults due to missing loan covenants
Solution: Assisted company in creating plan and negotiating new loan covenants
$12M Multi-level Marketing Company
Challenge: Sales declining 2% per month for previous 18 months; lack of capital
Solution: Worked with new CEO to create action plan to arrest sales growth and return to profitability
$25M Furniture Manufacturer
Challenges: Continuing Losses; Unsecured creditors significantly past due
Solution: Stabilized creditor situation; allowed for sale of company; negotiated consensual restructure of unsecured debt to allow sale of company
$20M Flooring Distributor
Challenge: Company over-leveraged and couldn’t meet debt service
Solution: Created interim plan and negotiated stand-still with lenders and creditors, allowing company to hire investment banker
$100M Manufacturer of Building Products
Challenge: Created revolutionary product, high fixed cost, limited initial volume, causing significant liquidity crisis
Solution: Worked with owner to bridge credibility gap with senior lender, stabilize cash flow and bring in additional capital
$60M Footwear Designer/Distributor
Challenges: Continuing losses; unsecured creditors significantly past due
Solution: Assisted CEO and CFO in revitalizing relationship with senior lender, created 18 month plan to support additional capital from equity investor
$20M Aerospace Manufacturer
Challenge: Continuing losses due to low margin contracts, high overhead
Solution: Created interim plan and negotiated stand-still with lenders, allowing private equity investor time to manage options