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Force 10 Partners

An advisory firm specializing in corporate restructuring, challenged businesses, litigation, and other special situations.

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Engagement

IS West

Confirmation of Chapter 11 Plan of Reorganization

ISWest

Website hosting and colocation provider.

Industries

  • Technology

Expertise

  • Assignment for the Benefit of Creditors
  • Bankruptcy Trustee Services
  • Capital
  • Chief Restructuring Officer
  • Corporate Restructuring
  • Custodian
  • Debtor Financial Advisor
  • Fiduciary Services
  • Investment Banking
  • Liquidating Trustee / Plan Agent

Provided valuation and sale feasibility testimony that resulted in removing state court Receiver. Then conducted a 363 sale that resulted in ending shareholder dispute, all creditors paid in full, and a return to equity.

Debtor entered Chapter 11 after a partner dispute resulted in counter-claims. Receiver was placed by California state court. Working in conjunction with counsel, Chapter 11 was filed and Receivership was terminated. As a Debtor in Possession, Force 10 team members provided valuation testimony to support opposition to the proposed low-valuation transaction, arguing that more proceeds could be obtained through an auction. The Bankruptcy Court agreed and Force 10 team members (while at different firms) ran an auction and separately acted as transaction manager in a fiduciary role. The end result was a sale approximately 60% greater than the initial proposed transaction supported by the Receiver, full payment of all creditors, and a return of capital to equity.

Team members

Adam Meislik

Adam Meislik

Brian Weiss

Brian Weiss

Force 10

Track Record

Morgan Drexen: Financial Advisor to Chapter 11 & 7 Trustees

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Foxconn: Major creditor and vendor to Fuhu

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Renaissance Surgical Arts at Newport Harbor: Chapter 11 and Chapter 7

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View more »

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Force 10 jumped right in and helped us sort through the complex issues left behind by prior management. We are once again generating returns for our investors.
Manager
Rothenberg Ventures

Let’s discuss your situation

Contact us for an objective, candid assessment of your situation and a conversation about how our expertise and track record of success could address your needs.

Contact Us

Force 10 Partners
Force 10 Partners
5271 California Ave., Suite 270
Irvine, CA 92617
949 357 2360
contact@force10partners.com
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