When a publicly traded education technology services company decided to sell its assets and cease operations, it sought out MCA Financial Group’s expertise to manage this intricate process. With over 2,500 employees and an annual revenue of $400 million, the EdTech business faced significant challenges that required careful planning and strategic execution.
MCA Financial Group partnered closely with the Board and its advisors to streamline the asset sale and wind down remaining operations. Despite the complexities involved, particularly regarding asset values and outstanding obligations, MCA focused on transparent communication and negotiation with creditors to reach settlements outside court proceedings.
While challenges arose, including navigating complex office leases in critical locations like New York City and California, MCA remained committed to finding practical solutions. Drawing on their experience in distressed M&A and financial restructuring, the team meticulously managed over $40 million in debts, ensuring maximum value for stakeholders.
Throughout the engagement, MCA coordinated effectively with the company’s legal team at a national law firm, Board of Directors, and investment bank, ensuring a smooth execution of tasks. The result was a successful wind-down process that met the Board’s objectives without costly court proceedings.
The company and its Board appreciated MCA Financial Group’s dedication and expertise, acknowledging their role in achieving fair asset liquidation and settling obligations efficiently. This collaboration underscored MCA’s commitment to delivering practical solutions and maximizing client value.
For strategic restructuring and asset management solutions tailored to your organization’s needs, contact MCA Financial Group today.