$270 Million Leading Remanufacturer and Marketer of Automotive Undercar Parts and Components

• Negative market forces including global competition and pricing pressures
• Declining customer demand and fill rates
• Loss of key product market share
• Lack of cohesive management team
• Significant liquidity crunch (and serious disagreement amongst lender groups regarding the company’s strategic direction)
• Strained relationships with customers, vendors and lenders

• Provided financial advisory and interim management services (Chief Operating Officer and Chief Restructuring Officer)
• Developed and implemented an out of court restructuring plan and negotiated a forbearance agreement amongst the Company’s A & B Lender groups
• Performed financial and operational viability assessments
• Developed and implemented a vendor relations management program
• Formulated and implemented cost reduction initiatives
• Managed both the Ch 11 and Ch 7 bankruptcy proceedings
• Managed 363 sale process of Company’s U.S. operations
• Oversaw dissolution of the estate, including transition of facilities to new owners

• BBK successfully led the company, the Board, and the various lender groups throughout the entire process, from the initial restructuring efforts to the ultimate 363 sale process
• BBK devised and implemented an effective out-of-court restructuring plan that was achieving the desired operating results (prior to the lender group’s termination of the requisite funding)
• Based on efforts in leading and executing all critical stages of the restructuring / bankruptcy process, BBK’s was hired by the company’s lenders to serve as the M&A advisor during the 363 sale process
• BBK maximized the ultimate value to the estate at each stage of the engagement