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Hiram Capital provides financial advisory services to troubled companies and
their creditors and shareholders. We also represent potential buyers of troubled
companies and their assets.
Our philosophy of restructurings is to accomplish, when possible, a "permanent
solution" to the distressed entities financial problems. Our experience in prior
restructurings convinces us that short-term solutions which fail to address a
troubled company's underlying problems only lead to repeated restructurings
which destroy enterprise value over the long term. We recognize that certain
situations may warrant an aggressive and adversarial short-term approach to
maximizing value for investors or providing a troubled company with the time it
needs to resolve some or all of its problems. However, in most cases we add the
most value by working diligently to gain the confidence of all of the troubled
company's various constituencies and putting the resulting credibility among
those parties to use in facilitating cooperative negotiations toward a
comprehensive solution that that restores the company's financial health.
Hiram Capita provides clients advice in connection with bankruptcy
reorganization, workouts, or turnaround planning. Our goal in distressed
situations is to assist our clients with maximizing asset and enterprise value,
making operational performance adjustments, and, by recapitalizing the company,
allow for financial turnaround.
Our corporate restructuring services include:
Bankruptcy Reorganization
Hiram Capital advises companies seeking to reorganize under court
protection. Hiram Capital will create an interim operating plan to be used
during the pending stage of the bankruptcy, be responsible for all Office of
The United States Trustee reporting, and document and support the proposed
plan of reorganization, in addition to representing clients in creditor
negotiations. Alternatively, Hiram Capital represents and advises creditors
and creditor committees in maximizing their claims. For both debtor and
creditor, Hiram Capital implements creative solutions by combining our
bankruptcy reorganization experience with our financial expertise.
Workouts
Hiram Capital represents clients outside of a bankruptcy setting in reaching
consensual restructuring of debt and payment terms. Hiram Capital determines
the appropriate set of solutions ranging from creditor negotiations to ABC
reorganizations, to off balance sheet financing, or recommendations for the
reclassification of ownership. Our goal is to provide clients with timely
cost-effective solutions that solve existing structural problems, while
positioning the company for long-term success.
Turnaround Planning
Hiram Capital provides clients with complete analysis and recommendations
for implementing a turnaround through strategic reorganization designed to
increase operational and financial performance.
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