Print
	Email
	Text size
	Comment

Email a friend

Your email address:
Friend's email address:

 

Rivenrock Capital has acquired a major stake in children’s educational product manufacturer Small World Toys after it filed for bankruptcy in August. The California-based company became insolvent after failing to complete acquisitions.

The deal will enable the manufacturer to emerge from bankruptcy better capitalised and with an experienced management team.

Financial adviser to the debtor FocalPoint worked with the debtor and other stakeholders to determine that an expedited Section 363 sale was the best way to maximise recovery for its creditors.

Rajesh Sood, FocalPoint managing director, said: “FocalPoint worked to conduct an expeditious yet thorough auction to maximise the value of the business. In the end, the company realised more than a 100 per cent increase from initial bids to the final acquisition price.”

Comments [0]