Twin Cities Avanti Stores, LLC

The Trigger:

• Following the acquisition of a distressed 100-store chain in 2001, the assets were impacted by a weakened economy, integration execution, and seller misrepresentations.

The Project:

• The Company desired to restructure its debt facilities and reorganize around a stronger-performing core base of stores.

The Solution:

• Mr. Weber was appointed President of the Company to manage the Ch. 11 Bankruptcy process, negotiate with lenders and creditors, and determine the value to be retained by the Debtor by analyzing all convenience retail assets for market and retention values.

The Result:

• Mr. Weber submitted a Plan of Reorganization that was approved by multiple classes of creditors, the senior term debt was restructured to fit a remaining base of core, high-performing stores, and a payoff plan for the Creditors Committee. The Company exited Ch. 11 in a reorganized structure in 2004.