Dresner Partners' Financial Restructuring and Corporate Turnaround practice works closely with middle-market companies and their stakeholders to provide clear guidance and creative solutions in today's challenging economy and volatile credit markets. Our comprehensive investment banking platform and highly experienced team will provide the best solution for each client's situation as evidenced by the practice being awarded the Turnaround Management Association's Chicago/Midwest Chapter 2009 Middle Market Transaction of the Year.

Financial Restructuring

Dresner Partners' Financial Restructuring service offerings for companies include:

• Strategic alternatives assessment including the viability of a business
• In-court and/or out-of-court debt restructuring alternatives and strategies
• Determination of the optimal capital structure
• Restructuring existing debt and equity including negotiating forbearance agreements and revised terms and covenants
• Obtaining, structuring and negotiating debtor-in-possession financings and exit financing
• Chapter 11 planning through confirmation
• Pre-packaged and pre-negotiated plans of reorganization structuring, negotiation and confirmation of plans of reorganization
• Representing buyers and sellers of distressed companies, divisions and assets
• Bulk sales of assets
• Fairness and liquidity opinions
• Liquidation analysis
• Ongoing business and securities valuations
• Structuring and analysis of exchange offers

Dresner Partners' Financial Restructuring service offerings for creditors include:

• Collateral and financial covenant reviews
• Advising creditor committees
• Valuations and liquidation analysis
• Assessment of restructuring/reorganization alternatives structuring and negotiating debtor in possession and exit financings
• Advice regarding the sale of a business or specific assets including negotiations for merger and acquisition transactions

Corporate Turnaround

Dresner Partners' Corporate Turnaround service offerings help financially and operationally distressed middle market companies design and execute a comprehensive turnaround plan. Our team will work side by side with company management to urgently stabilize and increase liquidity, improve operations, identify and manage unforeseen risks and manage communications with key stakeholders to gain and maintain consensus throughout the execution of the turnaround plan.

Dresner Partners' Corporate Turnaround service offerings for creditors include:

• Interim management including Chief Executive Officer, Chief Financial Officer, Chief Restructuring Officer and Treasurer
• Cash management and liquidity improvement through the development, implementation and monitoring of cost reduction initiatives
• Operational improvement
• Development of financial projections to support capital raise
• Contingency planning
• Communication and management of key stakeholders