Case Study 3
Receivership and Fiduciary Services
Challenges Identified:
- Speakeasy Ale and Lagers
- Over-levered with $7.5M secured and $3.0M unsecured debt.
- After a lengthy capital raise failed, the lender was fatigued.
- Receivership was mutually agreed upon.
Bacchus Consulting Role & Strategy in Turnaround:
- Bacchus hired as part of the Receivership Team (Q1 2017).
- Assumed the role of Operations and Financial Manager during the Receivership.
- Managed the sales process, reporting directly to the Receiver.
- Advised on the sale of the property and assets, all sold within 90 days.
Key Results:
- Sale achieved a $2.5M recovery despite perishable and brewery-specific collateral.
- Property and assets sold within 90 days per Court order.
- Rapid intervention preserved brand value and improved lender recovery.
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