Matt Grimes has 30+ years in corporate lending, restructuring, and business consulting on behalf of management teams and stakeholders across the capital structure. He has worked with management teams and equity holders to develop creative financing solutions to provide material increases in liquidity and to develop capital structures to provide funding for growth and acquisitions. Matt's managerial experience has allowed companies to successfully restructure balance sheets to meet challenging financial obligations and has assisted management teams to make necessary changes to successfully implement operational changes.
Representative Experience
CRO for a financially distressed $100MM+ telecommunications equipment manufacturer, leading the company to extend its business plan and maximize recovery for its stakeholders, despite limited liquidity. Ultimately implemented an out-of-court wind-down and dissolution, including the monetization of all saleable assets, both operating and non-operating, and liability settlements with all secured and unsecured creditors.
Advisor to a food and beverage manufacturer that was in default of its bank loan covenants and over advanced in excess of $1MM on its revolving credit facility. Advised management on changes to its purchasing and inventory procedures with a focus on specific SKU revenue, gross margin, and turnover. Negotiated a restructured borrowing base with the bank, allowing the company to access previously unlevered assets without increasing bank’s loan to eligible asset value percentage. Once changes were implemented, company was in compliance with loan covenants and achieved positive availability in excess of $2MM.
