Capstone FAS Insights for TMA Distressed Investing

About Us

Capstone Partners is one of the largest independently owned investment banking and financial advisory firms in the United States. For over 20 years, the firm has been a trusted advisor to clients, offering an integrated range of services uniquely tailored to help owners, investors, and creditors through each stage of the company’s lifecycle.

Capstone’s Financial Advisory Services (FAS) group delivers comprehensive, enterprise-wide solutions aimed at increased shareholder value.

Headquartered in Boston, the firm has 175+ professionals across the U.S. and an international presence including over 450 professionals in 43 countries.

Capstone’s FAS team includes approximately 40 dedicated professionals located in Boston, Detroit, Chicago, Dallas, and Denver.

What We Do

Special Situations Investment Banking

Capstone Partners’ Special Situations Investment Banking professionals provide independent, financial restructuring advisory services to creditors, shareholders, and other stakeholders, both in- and out-of-court. Our team of investment banking professionals has deep experience across a broad range of industries and distressed and special situations. We work seamlessly with our industry M&A and Financial Advisory Services colleagues to bring a highly coordinated, cross-disciplined, efficient, and effective approach to every situation and transaction process.

  • Strategic alternatives and contingency planning
  • Buy- and sell-side distressed M&A
  • Debt and equity capital markets
  • Balance sheet restructurings
  • Creditor and credit committee advisory
  • Board and special committee advisory
  • Fairness and solvency opinions

Turnaround & Restructuring Advisory

When a business becomes distressed, rapid changes require quick and decisive action. Having a knowledgeable and experienced team to help assess the root causes of the distress and implement immediate solutions is vitally important. In these urgent situations, Capstone’s Financial Advisory Services Group can offer stakeholders a range of turnaround and restructuring advisory services designed to stabilize the troubled company’s operational and financial positions and help it preserve value and return to sustained growth.

  • Turnaround Consulting
  • Crisis Management
  • Restructuring Advisory
  • Debtor & Creditor Advisor Services
  • Court-appointed Receiver
  • Chief Restructuring Officer

Insolvency Services

While the fate of severely troubled businesses is sometimes bankruptcy, not all processes and advisors are created equal. The highly skilled professionals in Capstone’s Financial Advisory Services Group have significant experience managing complex bankruptcy matters involving distressed situations and restructurings. We offer a comprehensive array of bankruptcy and solvency management services to support stakeholders, advisors, and regulators through a range of options related to bankruptcy and insolvency.

  • Debtor Representation Services
  • Creditor Representation
  • Chapter 11 Plan of Reorganization
  • Chapter 11 Liquidation
  • Chapter 7 Liquidation
  • Section 363 Asset Sale

Management Consulting

Capstone’s Financial Advisory Services Group provides an experienced, third-party business assessment, identifying opportunities to improve operational efficiencies and enhance gross margins, operating profit and cash flow. These performance improvement capabilities are particularly valuable to business owners and private equity groups seeking to prepare a company for a future transaction.

  • Business Performance Improvement
  • Project Management
  • Post-merger Integration
  • Accounting & Audit Support
  • Public Company Readiness
  • Public-to-Private Planning

Transaction Advisory & Interim Management Services

Even the most straightforward transaction has its complicated moments. Capstone’s Financial Advisory Services Group provides specialized transaction advisory services that support all aspects of the transaction process and keep the complexity minimized and manageable. If a business is faced with an unexpected vacancy in a leadership position or unexpected demands requiring outside support for their financial management team, we can deploy interim management professionals to fill or lead senior executive positions and provide financial management, accounting, and modeling resources for companies in need.

  • Sell-side Readiness
  • Financial Due Diligence
  • Operational Due Diligence
  • Quality of Earnings Review
  • Interim CEO, CFO, and COO support
  • Field Examinations
  • Integration Consulting
  • Post-merger Integration

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