Crown Partners excels in providing advisory services for borrowers, lenders and sponsors with a focus on asset-based finance. Our firm works with these clients in flexible ways tailored to meet the needs of the existing circumstance. The below representative mandates are both historical and ongoing mandates that span a wide variety of scopes.

• Sponsor-backed equipment rental business in a material default with incumbent ABL and sub-debt lenders due primarily to significant reduction in underlying asset values. Crown was mandated to provide guidance on best paths for the negotiation with the existing lender group which was ultimately successful in securing a favorable amendment.
  
  

• $60 Billion Private Equity Sponsor seeking to establish a presence within middle market asset-based finance. Crown’s engagement focused on thesis development, providing market color and contextualization of the best points of entry into the market.
  
  

• Sponsor-backed industrial manufacturer in a material default with incumbent bank ABL lender due to poor historical financial performance. Crown was hired as exclusive financial advisor as they navigated the default, forbearance and eventual amendment as well as preparation for the ultimate refinance to a non-bank solution.
  
  

• International Food Manufacturer had recently closed on a $245 Million split-lien financing that fell into an overadvance within nearly a month of closing. Crown Partners was referred into the circumstance by the cash flow term lender and engaged by the borrower to evaluate the debt structure and provide a recommendation to both the bank ABL lender and the term lender. The client was able to successfully secure an amendment without having to contribute additional equity.
  
  

• Sponsor-backed food manufacturer engaged Crown in the middle of a self-run refinancing effort. Crown’s stated goals were to advise on lender selection, provide pressure to incoming lender to close both on the agreed-upon terms as well as in a timely fashion, as well as prepare the borrower for the switch from a bank to a non-bank lender.
  
  

• Specialized and leading non-bank asset-based lender has engaged Crown Partners to provide outsourced reporting to comply with their back-end bank leverage facility. On a monthly basis, Crown’s team prepares necessary information for the benefit of the board and financial management operation of the lender. One of Crown’s Managing Partners also sits on the board of this asset-based lender.
  
  

• Crown Partners was engaged by a large private credit asset manager to serve as Chief Restructuring Officer for a Fintech Loan Originator on their asset liquidation and orderly wind-down, maximizing value for all stakeholders.