Company Restructure
The Situation
US based business with considerable debt ($9.5M), aggressive creditors and a highly valuable product with associated IP.
The Task
Assess a business for investment, create a new corporate entity and investment plan, re-locate and re-structure the business.
The Action / Approach
Built a Business and Investment plan. Managed a C7 restructuring in a US State Court to remove the debt before closing the old Inc. Set-up a new Inc. in Florida with Town, County and State Support via the Florida Business Development Board and established a new corporate presence in collaboration with Florida Atlantic University. Directed FDA regulated tests to prove the product. Directed Federal government lobbying and managed relations with the US Armed Forces Colonel in charge of services. Established manufacturing facilities and more recently its introduction into China.
The Result
The Business debt was entirely removed and it received funding for its US launch, and is about to be established in China as a Joint Venture with the Chinese government.
