Plastics Re processor
Situation faced:
The business was over-leveraged and suffered with a dysfunctional management team. The resulting cash call meant a funding requirement for the Private Equity owners.
Outcome achieved:
TAIGA reviewed business for the Private Equity owners. A jointly developed plan was implemented and supported through to a solvent sale to new owners. 100% recovery for bank and return for Private Equity owners.
Duration: 4 Months
End: 2015