2020 annual review
2020 annual review
Swift valuation helps fast-food chain secure CVA A leading UK-based, Asian-inspired fast-food chain was forced to close its stores during the COVID-19 lockdown. With most of its sites in city centres and transport hubs, where the return to commuting and office working is expected to be gradual, the company was forecasting continued financial challenges. It therefore explored a range of strategic options, which included a Company Voluntary Arrangement (CVA).
FRP team support investment search for Project Stellar Project Stellar is a specialist biometric clinical research organisation providing clinical trials to biotechnology, pharmaceutical and medical device companies. Headquartered in London, with offices globally, it offers an industry-leading service to a blue-chip client base. The company was running a competitive investment process to support continued growth, and initially instructed our team to provide a quality of earnings report to assist the process.
We were able to engage swiftly and produce a full valuation report to a tight deadline. Matthew Flower Corporate Finance
Our team continued to support the management and their lead advisers through the due diligence process, and assisted with the negotiation of the legal documents. Jon Dodge Corporate Finance
Outcome
FRP’s Corporate Finance team was appointed to perform an independent valuation to a tight deadline, against the backdrop of a very uncertain market. We were able to engage swiftly and, despite the challenges presented by the pandemic, produce a full valuation report that was used by the company and its advisers to support the successful CVA application.
Outcome
Our Corporate Finance team produced the report in a timely manner and, once the preferred party had been selected, continued to support the management and their lead advisers through the due diligence process and further negotiations. The team secured significant investment for Project Stellar from a European private equity specialist, which will support the company’s continuing growth and geographic expansion.
Strategic advisory and valuations
Financial due diligence
frpadvisory.com
frpadvisory.com
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