We invested in a manufacturing company that consistently missed projections quarter after quarter. Management always had an explanation. The next quarter would be better. The turnaround was just around the corner. We wanted to believe it, so we waited. And we waited some more, hoping for a turnaround. Finally, events outside of our control forced […]
Procrastination and the $20 million write-off. Read Post »
We invested millions in a company whose power controls division focused on wireless utility meter reading and remote mission-critical control systems. At one point, the investment appeared headed toward a potential write-off: high cash burn, incapable management and unable to gain traction in the market. Following the divestiture of that division to our fund, we
From Potential Write-Off to Strategic Sale in 18 Months Read Post »
We advised a company that was a pioneer in providing media products, lead generation services, and online marketing tools to their client partners. At the time, it was generating $7.3M in revenue but losing $4.6M annually, with negative equity, and a $8M market cap. The business had no clear operating focus, a cost structure completely
A Quick Turnaround Story (60 sec read) Read Post »
