As Federal Regulatory Receiver, Stapleton Group transformed an insolvent business to cash flow positive through capital improvements, operational improvements and creditor negotiations. Stapleton helped sell the company as a going concern to salvage a return for its defrauded investors.
After an electrical engineering company servicing the oil and gas industry defaulted on its loan agreement, Stapleton Group negotiated a forbearance, completed due diligence and intermediated a refinancing with the lender.
Stapleton quickly facilitated a 70% recovery for a bank after its borrower, an auto dealership in Northern California, defaulted on its floorplan loan. Recovery was complicated by a convoluted process of receivership and bankruptcy filings, during which time the assets (new vehicles) continued to depreciate.
In a situation that could have been a complete write-off, recovered approximately $3 million for the lender by restructuring an onerous government liability from $17 million to less than $1 million, transitioning the shuttered business to a going concern and selling it to a strategic buyer.
The bank didn’t want to foreclose on a property with environmental liabilities. Stapleton resolved the issues while operating the income property then sold it, achieving 100% recovery for the bank.
After a complaint was filed by the Securities & Exchange Commission (SEC) against an investment fund alleging securities fraud and orchestration of a Ponzi scheme by the key principals of the investment manager, Stapleton located, managed and sold assets to achieve a recovery for the investors. Our process involved an elaborate forensic accounting of the sources and uses of investor contributions. Our conclusions aided the SEC in securing a Motion for Summary Judgment against the defendant and individuals involved with orchestrating the Ponzi scheme.
Stapleton Group determined a 75-year old family-owned business could not survive until its clients recovered, but would have value to a strategic buyer. The company’s owners agreed with our conclusion and the business was sold, generating sufficient proceeds to pay the bank in full as well as provide an equity return to the owners.
An elderly client with a multimillion dollar estate is enjoying his twilight years with Stapleton Group overseeing money management, taxes and asset management as his private fiduciary trustee. Upon appointment as trustee, Stapleton collaborated with the trustor, counsel and beneficiaries to quickly resolve wealth distribution pursuant to the client’s revocable trust, outstanding litigation and tax issues.
Private investors loaned $35MM to a landlord for real estate investments, then the landlord defaulted. Stapleton overcame contentious litigation to unwind the $75MM empire, recovering 67% for investors.
A manufacturer had defaulted on its loan covenants and its lender wanted out of the credit. Stapleton built a realistic cash flow projections and aggressively managed the company’s accounting team to reduce costs, leading to improved cash flow and a successful refinancing.
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