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Case Studies Technology, Telecom & Electronics

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Forging a Path Through Uncertain Territory

The Engagement

Conway MacKenzie was engaged by a provider of payment processing and related merchant services.

Our Role

Conway MacKenzie acted as Chief Restructuring Officer and Chief Financial Officer (and supporting staff) for the company.

The Result

Conway MacKenzie assisted with stabilizing its near-term cash flow issues, negotiating a forbearance agreement with its lenders, assisting with the sale of the company’s assets, preparing for a Chapter 11 bankruptcy filing and closing the sale of the company.

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Optimizing Cash Flow For the Bottom Line

The Engagement

Conway MacKenzie worked with a $200 million provider of electronic manufacturing services. The company was underperforming against forecast and was beginning to experience early-stage liquidity issues. The company had lost a large customer, and with temporary loss of volume, was underperforming on the bottom line.

Our Role

Conway MacKenzie was engaged by the junior secured lender to assist with financial analysis and monitoring. Services provided included assisting the company in developing 13-week cash flow projections, reviewing financial projections, cash flow forecasts and identifying opportunities for improving near-term performance.

The Result

The company sold to a private equity firm and replaced our client with new capital structure.

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Winding Down Business

The Engagement

Conway MacKenzie worked with a $400 million leading provider of technical and contract services including designed and integrated audio/video and data display technologies.

Our Role

Conway MacKenzie provided turnaround management, interim Chief Financial Officer services, investment banking and financial advisory services to the company.

The Result

As part of the Chapter 11 process, the company closed down and sold off substantial portion of it operating assets.

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Bring Costs in Line with Revenue

The Engagement

Conway MacKenzie worked with a public company in the computer peripheral and network service industries with annual revenue of approximately $350 million. The company manufactured, distributed, sold, and serviced computer peripherals as well as provided network installation and integration sales and service.

Our Role

Conway MacKenzie oversaw and managed the termination of union contracts, pension, retirement, and health insurance plans for the entity’s former employees which were both union and non-union, as well as addressing various environmental issues.

The Result

The actions the company took while working with Conway MacKenzie helped to bring the company’s cost and workforce in line with market revenue.

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