digital globe

Our Case Studies

A proven track record is the best way to demonstrate our strength and depth of expertise. Below are examples of our team’s recent appointments.

Retail and Distribution

G-fashion Group

A last-minute solution was able to be found during the self-administration proceedings of the well-known G-fashion Group. Despite the difficult conditions caused by the corona pandemic, an investor was found. While the investor process was ongoing, the textile retailer had to temporarily close its branches due to the lockdown. The contracts for the transferred restructuring, which had already gone through final negotiations, could therefore no longer be concluded as planned. While the management was already preparing to shut down operations and the branches were carrying out clearance sales after being partially opened, an agreement was finally reached with an investment company. Numerous employees have therefore kept their jobs. The PLUTA experts acted as custodians for three companies in the group and supported the proceedings in the interests of the creditors.

Aviation

American Airlines

Financial Advisor to the Official Committee of Unsecured Creditors of American Airlines in their Chapter 11 bankruptcy proceeding; participated in the assessment of a standalone restructuring vs. a U.S. Airways-led merger; analyzed the recovery to unsecured creditors under both scenarios.

Aviation

Alitalia

Advising Alitalia the Italian national airline in developing restructuring and turnaround plan, submitting the plan and recapitalisation proposals to the European Commission, and in negotiating EC approval of the US$ 2bn recapitalisation via state aid.

Aviation

TAP Air Portugal

Assignment for the European Commission to verify the Portuguese Government’s report on the implementation of TAP's restructuring plan, and its fulfillment of the conditions set down in the EC's decision permitting state aid.

Aviation

Aerospace Investment Assessment

Developed a business investment assessment for the shareholders (four private equity groups) of an $85 million aerospace company producing high-end machined parts. This assignment led to the buy-out of three of the groups by the fourth group.

Aviation

Delta Airlines

On behalf of Delta Airlines, investigated and assisted with the purchasing and contracting required to construct the Atlanta Airport 5th runway. Including detailed analysis and estimating associated with political concerns regarding fraud in connection with the sole source sale/supply of 27 million cubic yards of earthen material being transported over four miles by conveyor. Assisted with negotiations of the $350M contracts with the supplier, contractors, and the city of Atlanta. As well as offering independent reporting, findings, and testimony to the Atlanta City Counsel.

Aviation

Microdot

Financial Advisor to Microdot, Inc. prior to, and during, the company’s Chapter 11 case. Developed the strategy for a management buy-out of one its connector divisions serving the aviation industry. Prepared an offering memorandum and solicited competing bids. Management was over-bid by an all-cash offer, exceeding secured lender expectations.

Aviation

Sheffield manufacturing Company

Conducted quarterly valuation analyses of Sheffield Manufacturing Company, a manufacturer of specialized component parts for a wide variety of commercial and military aircraft manufactured by Boeing, Northrop Grumman, Lockheed-Martin, Rolls Royce, Raytheon and Spirit Aerosystems. Our valuation analyses were used by the company’s private equity sponsor in connection with their portfolio financial reporting.

 

 

Aviation

National Air Cargo Holdings

Financial advisor to National Air Cargo Holdings, Inc. (d/b/a National Airlines) in connection with a potential sale of a minority shareholder interest to a China-based airline, Hainan Airlines Group. National Airlines is a Part 121 certified air carrier that provides air cargo, freight forwarding, chartered passenger service and scheduled passenger service to both domestic and international destinations. A valuation analysis was conducted and valuation opinion issued in connection with the fair value of the company’s common stock.

Aviation

QPM Aerospace

Appointed Chief Restructuring Officer of QPM, a Portland, Oregon based company that manufactured landing kits for the Boeing 737. At the date of the appointment, the company was negotiating a renewal of the Boeing contract while simultaneously attempting to renegotiate their in default credit facility. Boeing was not going to extend the contract unless the lender wrote off a significant portion on the debt, but the lender would not agree to that without a renewal of the contract. We resolved the impasse, by getting both Boeing and the lender to give us time to sell the company. The resulting sales process recovered 40% more than expected and put the company in the hands of a buyer that had the confidence of Boeing.


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TCP Partners
Date:
29/05/2024
Author:TCP Partners

Connecting with customers and boosting Brazilian agribusiness

TCP Partners are pleased to announce their participation in the 29th edition of Agrishow, the largest agribusiness fair in Latin America, held in Ribeirão Preto (SP). This year, Agrishow recorded R$13.608 billion in business intentions, a growth of 2.4% compared to 2023, and attracted approximately 195 thousand visitors.

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Begbies Traynor Group
Date:
18/04/2024
Author:Begbies Traynor Group

A-Z of Offshore Insolvency, C is for Chapter 11

A serialised guide to some concepts and features encountered in the world of offshore insolvency......

25 Year Anniversary
Rodgers Reidy
Date:
15/04/2024
Author:Rodgers Reidy

Happy 25th Birthday to Rodgers Reidy

In April 1999, 25 years ago, Peter Rodgers and Geoff Reidy started a business called Rodgers Reidy. Today, that business has offices in all states of Australia, the Northern Territory, New Zealand, Malaysia, Singapore, and Hong Kong.

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TCP Partners
Date:
04/04/2024
Author:TCP Partners

TCP Parters Flash Update: Proactive FX Solutions

TCP Partners and VNCFX have recently developed a partnership for foreign exchange solutions in Brazil.