Industries & Clients

Industry Expertise

Apparel
Automotive
Building Products
Consumer Products
Construction
Education
Energy
Entertainment
Financial

Food Distribution
Gaming
Insurance
Healthcare
Hospitality
Manufacturing
Media
Oil & Gas
Product Distribution

Pharmaceuticals
Real Estate & Construction
Retail
Technology
Telecommunications
Textiles
Transportation

 

Selected Engagements and Representative Clients

American Classic Voyages
American Beverage Distributing
Advanced Marketing Services
Aerwav
AllianceOne
Allied Holdings
America Home Mortgage
AmPad
AmRod
AT&T
Avaya
Bachrach Stores
Bayview
British Telecom
Business Process Outsourcing
Cablevision
CanFibre of Riverside
Capstone Village
Carlton Cove
Cellu Tissue
Chef Creations
Columbus Cove
Combustion Engineering
Comdial Inc.
Consolidated Diaries
Corecomm
Corson Mfg
Critical Care Systems International
Curative Health
Datatec
DDI, Inc.
Diocese of Spokane
DMI
E&M Ice Cream
Elliot Group
Emerson Radio
EnCap Golf Holdings
Espire
Evercom
Falcon Industries
FAMC
FiberCore
Fibermark
Finova
First International
First Interrogational Advisors
FLAG Telecom
FleetMax
Fortis
Foxtons
Freedom Forge

Friedman Valuation
Fruit of the Loom
General Bearing Corp
Geo Specialty Chemicals
Glen Cove
Globe
GT Brands
Heritage
Hershey’s
Hoop Retail Stores
Hospital Center at Orange
Imperium Capital
Injectron
Insilco Technologies
InterExchange
Interliant
Kara Homes
Klinger
Koen Book Distributors
Koplik
Kurz-Kasch
Lakeview Core Center
LAN Supervision
Las Ventanas
Le Gourmet Chef
Leap Wireless
Lehman Brothers
Lillian Vernon
Linens N Things
Longhorn SCSF
Manhattan Bagel
Marcal
Marsh’s Edge
Martignetti
Mastercraft
Maywood Capital
McCarter & English
Metro Homes
MGI
MIIX Group
MINRAD
M&M Mars
Multinational Telecommunications Vendor
NationsRent
Native Textiles
Net Fabric
Netro
Network Catalyst
New Vista Nursing & Rehabilitation Center

NEXL
Northern Group
Omnex
PACCESS
Parmalat
Pascack Valley Hospital
Penn Fashions
Performance Transportation
PHP Liquidating LLC
Platform Learning
PNC
Polaroid
Popular Club
PPH Creditor Trust
Premier Paper
Pro Skate
Project Sprout
QEP
QLI Medical
Radnor Holding
Rag Shops
Regional Finance
Roma Foods
Romark
Rossborough Supply
SANZ
Sarcom
Stull
Summit Global Logistics
Supra Telecom
Teleglobe USA
Time WarnerTelcom
Triax, Inc.
Upstream
United Road Services
Value Furniture
VCAD
Vector ESP
Velocita
Vitale Supermarkets
Wham-O
Workbench
WorldCorp Inc.

American Classic Voyages

Traxi served as Financial Advisors to the Plan Administrator. Traxi provided extensive solvency analyses for each filed subsidiary of this $250 million cruise ship operator that ultimately was liquidated in bankruptcy. Traxi prepared expert reports and testified in bankruptcy court as an expert on behalf of the Plaintiff in fraudulent conveyance proceedings.  

Advanced Marketing Services

Traxi served as Financial Advisors to the Unsecured Creditors’ Committee. Traxi participated in the marketing and sale of the company’s assets and its subsidiaries to multiple strategic buyers.

AllianceOne

Traxi served as Financial Advisors to this portfolio company of a private equity client. Traxi provided a host of comprehensive strategic and financial restructuring services, from raising $60 million in a refinancing to the sale of a non-core business.

AT&T

Traxi was retained by AT&T to defend preferential transfer actions brought against it in over a dozen matters. Prepared new value and ordinary course defense analyses, assisted counsel with settlement negotiations and mediation and drafted expert reports.

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Avaya

Traxi was retained by Avaya to defend preferential transfer actions brought against it in 3 matters. Prepared new value and ordinary course defense analyses, assisted counsel with settlement negotiations and mediation and drafted expert reports.

Cablevision

Traxi represented Cablevision in a preferential transfer situation in the TW, Inc. (The Wiz) bankruptcy matter. Analyzed the relationship between Cablevision, TW and TW’s vendors where letters of credit and guarantees existed during the one and a half years preceding TW’s bankruptcy filing. Further, Traxi analyzed the solvency of TW during the five years prior to its bankruptcy filing. Ultimately, the matter was dismissed by the Bankruptcy Court after one day of testimony.

Datatec

Traxi represented managed infrastructure solutions Debtor in the sale of substantially all of its assets. Through a bankruptcy auction, value received for those assets increased over 50%.

First Interregional Advisors

Traxi served as Financial Advisors to Chapter 11 bankruptcy trustee, who was appointed as a result of a Ponzi scheme committed by the Debtor’s management. Traxi performed forensic analyses to determine the extent of the fraud committed, analyzed and reconciled investor claims, negotiated with creditors, assisted the Trustee’s counsel in the litigation to recover funds due to the Debtor’s estate, held discussions with the office of the United States attorney and the SEC to assist them in their cases leading to an indictment of Debtor’s management and supervision of the Debtor’s continuing operations.

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Fruit of the Loom

Traxi represented the Unsecured Creditor’s Committee in the reorganization of its $3.0 billion indebtedness.

Hoop Retail Stores

Traxi was appointed Chief Restructuring Officer of this subsidiary of The Children’s Place Retail Stores, Inc. Traxi was retained as Crisis Managers and guided the company through all aspects of the Chapter 11 bankruptcy proceedings. Traxi assisted in the negotiation of what ultimately resulted in a $60 million private sale of the Debtor in bankruptcy to Disney Enterprises. This transaction closed successfully and generated a substantial recovery for creditors.

Kara Homes

Traxi was appointed Chief Restructuring Officer of this major New Jersey homebuilder. Traxi was appointed Crisis Managers and guided the company through all aspects of the Chapter 11 proceeding. Traxi provided operational and financial restructuring to this company which had lost its CFO and Controller prior to the bankruptcy filing. Traxi facilitated the sale or reorganization of each of the company’s 33 real estate developments. The aggregate value of all debt, equity and future construction funding committed by the plan sponsor and other lenders to the Reorganized Debtors totaled $175 million.

Koen Book Distributors

Traxi served as financial advisors to the Official Committee of Unsecured Creditors. Traxi quickly assessed the business’s viability and determined that the cessation of business and the sale of the business’ asset would result in the optimal recovery to all parties in interest. Through an auction of the company’s asset, the secured lender was paid 100% of its claim and unsecured creditors received a 14-17% distribution. Traxi liquidated the remainder of the company’s assets.

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MIIX Group

Traxi was appointed Chief Restructuring Officer of this publicly traded medical malpractice third party administrator which filed for bankruptcy. Traxi was engaged to provide financial advisory services on behalf of this Chapter 11 Debtor, guiding the Company from pre-filing procedures through confirmation of a bankruptcy plan of reorganization.

Multinational Telecommunications Vendor

Since 2000, Traxi has assisted this leading telecommunications company in the workout of its distressed vendor portfolio salvaging millions of dollars of assets and facilitating sales.

New Vista Nursing and Rehabilitation Center

Traxi was appointed by the New Jersey Superior Court as the Special Fiscal Agent to the New Vista Nursing and Rehabilitation Center in response to allegations of improper conduct and management between the facility’s owners.

Polaroid

Traxi was appointed by the United States Trustee for the 3rd Circuit as the Examiner in the Polaroid Chapter 11 case, investigating and opining on complex accounting and disputed valuation issues.

Radnor Holding

Traxi represented Tannenbaum Capital as its expert their 363 Sales and Asset Sales process and facilitated the purchase of Radner Holdings, approved by the Bankruptcy Court of Delaware.

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Summit Global Logistics

Traxi was appointed examiner by the United States Trustee for the 3rd Circuit to investigate an insider sale and a 363 Sales process.

Teleglobe USA

Traxi was appointed examiner by the United States Trustee for the 3rd Circuit to investigate an insider sale and a 363 Sales process.

Time Warner Telecom

Traxi represented Time Warner in a preferential transfer litigation in the Teligent Inc. bankruptcy matter. Traxi acted as the expert witness, analyzed the relationship between Time Warner and Teligent during the one-year proceedings in bankruptcy filing. We applied new value and ordinary course defenses to reduce the alleged claim to zero. The matter was favorably settled.

United Road Services

Traxi served as Financial Advisors to this portfolio company of a private equity client. Traxi provided financial restructuring services and raised $65 million in a bank credit facility refinancing.

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Wham-O

Traxi was retained as the exclusive financial advisor to this world-renowned designer and manufacturer of toys and leisure equipment. Traxi assisted the Company by providing operational and financial restructuring services. Traxi ultimately facilitated the sale of the restructured company to a strategic buyer.

WorldCorp Inc.

Traxi was retained as the exclusive financial advisor to this world-renowned designer and manufacturer of toys and leisure equipment. Traxi assisted the Company by providing operational and financial restructuring services. Traxi ultimately facilitated the sale of the restructured company to a strategic buyer.