Private Asset-Based Lender

Private Asset-Based Lender

Roles
Chief Executive Officer, Financial Advisor
  • Stabilized operations
  • Grew company AUM by 45%
  • Completed substantial distributions to shareholders

The company is a diversified private asset-based lender providing financing solutions to established middle-market businesses, emerging brands, technologies, and their sponsors. After substantial reductions in the Assets Under Management (“AUM”), the company’s Board of Directors decided to pursue new direction with its CEO and engaged CR3 Partners as CEO of the company. We stabilized the day-to-day business operations, oversaw Portfolio Management, and directed Originations while implementing regular and ongoing stakeholder communications. During our tenure as CEO, we also grew the AUM by approximately 45% and prepared the company for sale. We conducted negotiations with potential buyers, oversaw the diligence for the selected buyer, and provided shareholder distributions from the transaction proceeds. Post-transaction closing, CR3 created and implemented an entity dissolution plan, leading to the final shareholder distributions.

The Situation

  • Diversified private asset-based lender providing financing solutions to established middle-market businesses, emerging brands, technologies, and their sponsors
  • After substantial reductions in Assets Under Management, company’s Board of Directors determined it wanted new direction with its CEO

The Work

  • Engaged as CEO through Board of Directors
  • Stabilized day-to-day business operations
  • Oversaw Portfolio Management and directed Originations
  • Implemented regular and ongoing stakeholder communications
  • Grew Assets Under Management
  • Prepared company for sale
  • Conducted negotiations with potential buyers and oversaw diligence for selected buyer

The Results

  • Stabilized operations and grew company by approximately 45%
  • Successfully divested company as ongoing operation, managing it as separate division of acquiring entity
  • Completed substantial distributions to shareholders from transaction proceeds
  • Identified and implemented approach to winddown and dissolved entity in preparation for final shareholder distributions
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