Fusion Restructuring
Mike and Eldora Partners were hired in early 2019 to advise the senior lender of Fusion Inc, a
publicly traded telecom carrier who had recently filed Chapter 11. Mike and team worked
alongside Greenhill & Co and Altman Vilandrie to construct a bottoms up financial model
including a valuation analysis that was used by the bank group to determine strategic direction.
Leveraging specific industry knowledge, Mike helped the banks focus on the company’s most
important operational metrics and management priorities. Fusion emerged as a recapitalized
private entity in late 2019.
C&D Technologies Go Private Transaction
As part of the overall restructuring of C&D Technologies, a public manufacturer of
standby power systems, Mike served on the Board of Directors and specifically, the
Independent Committee of the BOD, which analyzed and executed a “go private “
transaction. Angelo Gordon had previously brought the company through a Chapter
11 process and owned the majority of the equity of C&D. The “go private” process
allowed for the purchase by Angelo Gordon of the remaining shares of the company
which enabled its complete re-organization as a private entity.