Force Ten Partners, LLC (Force 10), a leading corporate restructuring advisory firm, was instrumental in a bankruptcy case that was recognized as the “Best Value-Creating Transaction – Private Equity Turnaround/Acquisition“ by the Global M&A Network at the 14th Annual Turnaround Atlas Awards ceremony.
The award was:
“Best Value-Creating Transaction – Private Equity Turnaround/Acquisition”
– Force 10 represented a joint venture led by Hamilton Zanze – the successful “stalking horse” and winning bidder – in the $436 million, bankruptcy court-supervised Chapter 11 purchase of a 60-property multifamily and commercial property portfolio in Northern California from Professional Financial Investors, Inc., and related Debtors.
Michael VanderLey, a Partner at Force 10 and head of its real estate practice, led the effort by identifying the opportunity, and analyzing the return on investment, capital requirements, and acquisition structure. Along with fund management and its investment bankers, Mr. VanderLey aided with raising capital and supported the acquisition team through the nuances of the bankruptcy process.
Force Ten Partners, LLC is an advisory firm with deep domain knowledge in financial and operational corporate restructuring, fiduciary, valuation, forensic accounting, and complex litigation support. Force 10 serves middle-market companies as well as their creditors, stakeholders, and professionals by providing turnaround-management services, fiduciary and financial advisory services, expert witness support, and investment banking services.