Financial Advisory

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As an independent advisory firm, our opinions, and solutions, are unconstrained by conventional industry boundaries, product type, or broker/dealer affiliations.  Our work has spanned a continuum of assignments, from capital raising to asset management; from contract Chief Financial Officer assignments, to commissioned research and problem credit analysis for portfolio managers of some of our nation’s largest mutual funds.  In fact, much of our recent investment banking work has not involved conventional financing sources, but rather accessing the temporarily available Federal Stimulus funds, at rates and terms far below other market alternatives.

  • Bond and Debt Restructuring.  We understand the requirements and constraints of investment and commercial banks, asset-based lenders, mutual funds, mezzanine debt sources, and private equity participants.  As such, we can identify the proper source of capital, renegotiate credit and equity terms and conditions, or refinance commercial or bonded debt (in or out of bankruptcy).
  • Bankruptcy Advice.  A successful restructuring of outstanding bonds and other indebtedness (in term, amount or interest rate) will maximize the position of the borrowers, while maximizing a return to credit providers that might not otherwise have been achieved.
  • We can assist with Chapter 11 preparation such as communication plans for lenders, employees, and creditors; bankruptcy schedules and operating reports; and overseeing litigation support.
  • Marketing and Sale of Corporate Assets.  Prassas Capital can help maximize the value of an asset sale. We can prepare an Offering Memoranda and market a client’s organization to a pre-determined list of potentially interested bidders.
  • Forbearance Agreements / Recapitalization.  We can negotiate forbearance agreements (in which the lender is willing to forebear, or forgo any action until a business plan is developed; and the loan terms and conditions are renegotiated) which meet the mutual needs of the borrower and lender.
  • Interim Management.  We have acted, on occasion and under a specified time-frame, as the contract CFO for organizations in transition or to assist in a management or enterprise turnaround.  As a contracted third-party, we are often able to institute organizational changes that would be difficult or impossible to accomplish as an employee or board member.
  • Research and Investment Analysis.  We have advised some of the nation’s largest mutual funds on the restructuring alternatives for over-leveraged or under-performing fund investments.  Much of our recent work has involved identifying sources of federal stimulus funds, to enhance the balance sheet or provide the capital needs for a deteriorating credit, or to redeem the outstanding bond financing entirely with low cost Recovery Act funding.
  • Fund-Raising and Planned Giving Strategies and Tactics.  We have partnered with, and consulted for, some of the largest and most successful foundations and not-for-profit organizations, in planned giving and major gifts marketing and education.  And we have discovered a fundamental truth:  the rich are different.  Wealthy donors have a consistent pattern and methodology to their planned giving; and the wealthiest foundations have learned to customize their marketing to meet the needs of the donor.  We have presentations and tax strategies for planned gifts of real estate, closely-held businesses, and other taxable appreciated assets.