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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

Sugarfina

Confirmation of Chapter 11 Plan of Reorganization

Sugarfina

Luxury retail candy brand with boutiques, wholesale, and ecommerce.

Industries

  • Consumer
  • Retail

Expertise

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

From the newsroom

  • Force 10 Client, Sugarfina Confirms Chapter 11 Plan of Reorganization
  • Sugarfina Tops Off Another Successful 363 Sale By Force 10

Force 10 secured a DIP loan, stalking horse bidder, conducted 363 process and confirmed a Plan of Reorganization while negotiating a complex capital structure and various stakeholder priorities.

When Force 10 was engaged in May 2019, the Debtors were actively pursuing growth capital and asked Force 10 to advise on their solicitation efforts and other strategic alternatives. Through these efforts, Force 10 became familiar and involved with the Debtors’ financials and the hurdles they were facing towards successfully completing the equity raise.
Throughout the Series C round, Force 10 regularly advised Sugarfina’s board and became increasingly involved in cash management and negotiations with Sugarfina’s secured creditors. These negotiations resulted in the issuance of Secured Convertible Notes and an extension of the Goldman Sachs Facility and the first lien facility.
Force 10 was then tasked with sourcing debtor-in-possession financing and a “stalking-horse” bidder for Sugarfina’s assets through a Chapter 11 sale. Force 10 helped navigate Sugarfina through a successful sale, completed within eight weeks of its bankruptcy filing, and confirmed a complex plan of reorganization designed to preserve NOLs and maintain optionality for the reorganized Debtor.

Team members

Adam Meislik

Adam Meislik

Chad Kurtz

Chad Kurtz

Brian Weiss

Brian Weiss

Force 10

Track Record

Luminance Health Group: Chapter 11 and Chapter 7

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eSurface: IP Asset Sale

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Sendio: Assignment for the Benefit of Creditors

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View more »

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The Force 10 team pulled off an impressive recovery against incredible odds.
Michael Mercier
TradeGlobal

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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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