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

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Engagement

Storcentric

Current Chapter 11 Debtor

StorCentric

Provider of storage hardware and software and data-centric security.

Industries

  • Technology

Expertise

  • Capital
  • Chief Restructuring Officer
  • Corporate Restructuring
  • Debtor Financial Advisor
  • Investment Banking
  • Sell Side
  • Turnaround & Crisis Management
  • Valuation and Opinion Services

Storcentric, the parent company of enterprise storage solutions such as Nexsan and Retrospect, encountered an urgent liquidity crisis due to limited cash reserves and constraints on new debt. To address this challenge, the company enlisted the expertise of Force 10, who guided them through a Chapter 11 restructuring process. Force 10's counsel was crucial in securing debtor-in-possession (DIP) financing for Storcentric, which enabled the company to sustain operations and preserve its valuable customer relationships. Storcentric was acquired under a Section 363 process according to the United States Bankruptcy Code, culminating in Serene Investment Management's purchase of the company through its credit bid rights.

Team members

Adam Meislik

Adam Meislik

Chad Kurtz

Chad Kurtz

Darryl Myers

Darryl Myers

Force 10

Track Record

BV Glendora: Confirmation of Chapter 11 Plan of Reorganization

Read more »

Jagged Peak & Trade Global: Confirmation of Chapter 11 Plan of Reorganization

Read more »

Synrgo: Chapter 11 / Dismissal

Read more »
View more »

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Force 10 effectively balanced industry expertise with on-the-ground management insights.
Mimi Hall
Chairperson, Pajaro Valley Healthcare District Project

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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