ReSolve was approached by a private equity house for advice following a funding request from one of its portfolio companies which operated in the environmental services marketplace. The target company’s trading history was volatile and its principal bank was becoming increasingly fatigued.
ReSolve was asked to advise the private equity house in respect of the company’s options. Following an initial review of the business, ReSolve concluded that a viable business existed which should be financially supported by all stakeholders. Rescue finance was offered, however the package of new investment was rejected by the company’s bankers.