Founded in 1992 by senior executives with entrepreneurial, line operating, and bulge bracket investment banking experience.
During the month of March 2010, Avalon, as the sole placement agent, raised Frederick's of Hollywood Group Inc. $3mm in common stock and warrants.
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| Client |
Transaction Description ($mm) |
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| Filene's Basement * |
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| Worked directly with the discount retailer's founder, the late Samuel Guerson, to develop a financial plan that emphasized hidden value in real estate leases and underperforming retail assets, resulting in the increased financial flexibility required to drive a turnaround while allowing the company to close its money losing Aisle 3 concept stores. The company was subsequently acquired by Value City Department Stores. |
| Accessory Place, Inc.* |
| $37.0mm Recapitalization - Retail |
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| Specialty accessory and costume jewelry retailer which required recapitalization after company had grown to over 150 stores through a series of acquisitions. |
| Bishop Estate |
| Advisor to Creditor - Retail |
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| Represented subordinated creditor as member of the Committee of Unsecured Creditors in the Chapter XI bankruptcy proceedings for Best Products Company, Inc., a catalogue showroom retailer with over $1.8 billion in sales. |
| Chemical Company |
| Restructuring Advisor - Industrial |
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| Advised the owner of a privately held chemical company regarding restructuring. |
| Private Company |
| Merger Analysis - Manufacturing |
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| Provided strategic advice and valued the respective international consumer product manufacturer and a partially owned United States distributor for purposes of combining the companies to facilitate long term financing and shareholder liquidity strategy. |
| Reliance National Insurance |
| Strategic Planning - Advisory Services |
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| Developed strategic approach for structured asset-based financial products for U.S. insurance company with over $2.6 billion in revenues. |
| Sterling Optical Corporation |
| Company Representation & Asset Sale - Retail |
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| Advisor to Sterling Optical Corporation (NYSE listing) in its Chapter XI bankruptcy, formulating its bankruptcy plan, arranging debtor-in-possession financing, selling assets and providing fairness opinion. |
| Textus Group Ltd. |
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| Represented investors in the acquisition of the Ben Rose and Hendrick Textile Lines and merger with Textus Group, Inc. a premier textile design and distribution company. Worked the Board in restructuring and subsequent sale. |
| Towle Manufacturing Company * |
| Financial Advisory Services - Manufacturing |
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| Financial restructuring of privately held manufacturer and distributor of flatware and other luxury metal gift items. |
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