Case Histories

National Home Furnishing Supplier

Chicago, Illinois

Strategic Execution in a Short-Notice Secured Creditor UCC Article 9 Sale

Situation

Hyper Group was engaged to sell the assets of a national home furnishing supplier via a secured creditor UCC Article 9 sale process.

Actions

Hyper Group quickly developed an offering memorandum for the sale of the assets and launched an aggressive marketing campaign to the industry and our own database of strategic buyers for a short-notice sealed bid sale process.

Results

Despite an aggressive marketing timeline Hyper Group successfully negotiated a sale for the assets at a price acceptable to the secured creditor. Result highlights included: 

  • NDA’s signed by interested parties: over 20
  • Number of competing offers:  4
  • Sale Price: more than 2x liquidation value

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