​

       Elliott Wright & Anderson's restructuring solutions have helped organizations strengthen balance sheets, improve liquidity, and unlock growth - while maintaining regulatory compliance. EWA is uniquely positioned in the market 'up-stream' before most of our competition operating often in large law firms. Elliott Wright & Anderson typically works with mid-tier accounting firms to assist their valued clients before imminent legal takes place with covenant breaches pending or in process. Accordingly, we are advantageously positioned to minimize value loss and legal costs - driving an optimal highest-possible  value solution. 'Up-stream [before imminent legal] has its advantages'; thus EWA is one of the very few positioned optimally to better drive highest value pre- and post-restructuring.

​

Elliott Wright & Anderson has participated in multiple $300mm to $400mm, up to $3 Billion-plus successful restructurings throughout North America, from Mexico to Canada for private and public companies and leading worldwide banks including Bank of New York Mellon. 

​

       Our client-companies emerge stronger, preserving and building higher value for all stakeholders, from employees, to service providers and principles.

​

        Examples of our many Successes and Experience Driving the Market:

​

$400 mm+ carve-out of non-core digital media subsidiaries from a publicly traded Canadian media company
o Led Brightwood’s $400 mm+ special situations carve-out and acquisition of non-core digital media subsidiaries from a publicly-traded Canadian media conglomerate; managed complex transaction execution and value creation strategy, driving a 30% + EBITDA uplift and strategic repositioning

​

o Implemented 13-week cash flow forecasting and liquidity strategy, unlocking ~$12 mm in working capital efficiencies and stabilizing near-term operations

o Partnered with management teams to build and institutionalize annual budgets, board-level reporting packages, and rolling forecasts, improving visibility into performance and cash flow

o Designed and implemented company-specific operating scorecards and KPI dashboards, enabling real-time tracking of revenue, margin, and execution priorities

o Developed post-close integration playbooks in collaboration with CEOs and functional leaders, accelerating alignment and execution across finance, sales, and operations

​

$600 mm strategic divestiture of a global cybersecurity software division
o Advised on the $600 mm global carve-out and divestiture of a cybersecurity software business unit from a multinational infra structure software conglomerate; transaction spanned five countries and required jurisdiction-specific structuring and TSA
negotiation

o Built fully integrated carve-out financials and multi-scenario M&A model to assess value impact from dis-synergies, stranded costs, and potential vendor transitions

​

$350 mm distressed acquisition of a hospital revenue cycle management (RCM) platform
o Led $350 mm distressed acquisition of a leading healthcare RCM platform through a structured 363 bankruptcy sale process; worked with stakeholders across lenders, legal, and management to align on deal terms and maximize asset value

o Negotiated go-forward management compensation and retention plans to preserve continuity and institutional knowledge during ownership transition

​

Thrive Venture Group / OrangeTheory (closed)
o Led and directed activities related to one or more portfolio operations function, while St. Cloud rolled its existing debt into New Co and extended maturity date in new debt facility; reset covenant agreement

o Negotiated and raised $15 mm of new equity capital into the operating company to create the 10th largest PE-backed OrangeTheory platform

o Developed plans and participated in due diligence to complete in-depth analysis of potential investment opportunities, including primary and secondary research (financial, industry trends, competition, business analysis)

o Drafted and presented deal introductions and investment committee memos

​

EWA Selected Mid-Tier & Large Transaction Experience:

• Advisor to parent company of Chuck E. Cheese, CEC Entertainment in restructuring of over $0.9bn in total liabilities (closed)

• Advisor to MobiTV, provider of live and on-demand video delivery solutions in Chapter 11 bankruptcy (closed)

• Advisor to an ad hoc group of unsecured note-holders in Ch.11 restructuring of 24-Hour Fitness Inc. (closed)

• $1.0bn carve-out acquisition of a large US food producer with limited presence in Europe (closed)

• Advisor in global receivables securitization and sale of non-core business unit in large corporate carve-out of a global B2B payments Company (closed)

• Carve-out of ReVive Skincare LLC (ReVive), a $17 mm private-equity backed luxury skincare brand (closed)

• Advisor to an ad hoc group of unsecured note-holders in the restructuring of Pacific Ethanol, Inc.
o Evaluated management’s business plan and advised clients on an alternative development plan, considering liquidity needs and a lower-for-longer price environment
o Improved unsecured holders’ recoveries from less than 0.5¢ under the original plan to ~7.0-7.5¢
o Modeled illustrative recoveries and ownership splits for all parties in a waterfall analysis based on proposed term sheets from the Debtor, 1st and 2nd Lien lenders, and unsecured noteholders
o Prepared standalone cost model for ICP and Pekin ethanol plants on an operating level vs. non-operating level

​

          EWA work with BNY MELLON CAPITAL MARKETS, LLC Houston, TX / New York, NY Investment Banking – Energy Group (O&G Infra), Lev. Fin., M&A Jan. 2013 – Dec. 2017

• Senior Analyst on more than $2.3bn public and private offerings of debt and equity and M&A transactions

• Worked on over 20 live deals, including sell-side and buy side M&A, leveraged buyout, and debt and equity financing, preparing valuation analyses, merger and LBO models and client presentations

​

Elliott Wright & Anderson Selected Transaction Experience:

• $600 mm sale of Jefferson Energy Midstream Oil & Gas Company
o Prepared valuation using public company comparables, precedent transactions, and DCF; analysis suggested company was under-valued by ~20% and resulted in increasing asking price to $750 mm

• Conducted buy-side due diligence for ~$10bn cross-border deal
o Built outside-in model with standalone valuation, top-down and bottom-up synergy estimations, coordinated with Japanese BCG team to conduct native language research, reconciled ~25 subsidiary financials to determine regional and product line business economics; led to letter of intent

• IT Consulting Company’s Section 363 Asset Sales
o Worked with senior management to make bankruptcy-related adjustments to normalize EBITDA; created valuation using liquidation analysis, trading multiples, precedent transactions, and DCF showing value in $750 mm - $1bn range.

​

​

​

​