Commercial lending has significant competitive pressures. In response, many banks have loosened underwriting standards and relaxed procedures to become more “borrower friendly”.
The Company offered equipment financing. This business required the Company to work with some of the largest financial institutions. In order to effectively finance each transaction, the Company require the necessary financial support from an array of financial institutions – banks, investors, hedge funds, etc., of which the vast majority are substantially regulated.
This engagement involved a shareholder dispute of a prominent software firm (the “Company”) that focused exclusively on subscription services to major car dealerships throughout North America. The Company’s list included eight of the top 10 automotive companies in North America.
Lakelet Advisory Group (“LAG”) was requested to perform a business valuation on a patented medical device that addressed the challenges of a personalized air filtration system. Our client was interested in determining the value associated with this patented product “AS IS” and the value of the patent with “additional developments”
This endeavor involved the turnaround of a highly proprietary software provider (the “Client”) that focused exclusively on law firms. The software solutions included accounting, billing, finance, document management and dockets (calendaring) for law firms.
The acquisition of the entity was a disaster. Synergies were never developed, which absorbed the time, focus, capital and energy of the executive team.
Marketing and sales deficiencies nearly scrapped a second-generation manufacturing facility.
A provider of highly engineered metal solutions operated a profitable business for over 20 years and wanted to take the company to the next level.
Owned and operated by its founder for over 35 years, this professional service firm primarily provided assistance to municipalities and governmentally funded projects. The client mix was 85% and 15% - governmental vs. for-profit, respectively.
An environmental services Company required a detailed business valuation.