Redwood advises Alethean on its restructuring
-
Year
October/2011
-
Sector
FinTech
-
Our Mission
Exclusive financial advisor to Alethean
LOS ANGELES | October 20th, 2011 – Redwood Capital (“Redwood”) has announced the successful completion of a restructuring of Alethean, LLC. (“Alethean” or the “Company”). As part of the restructuring, Redwood was successful in refinancing the senior note, restructuring the operations of the business, and closing on interim financing. Alethean invests in CPA firms in order to build their wealth management services and has contracts with several of the top 50 CPA firms in the U.S. covering over 1,000 financial professionals. Alethean provides succession liquidity and non-proprietary wealth management products and services, as well as identifies and accelerates acquisitions of other RIA firms.
“The restructuring of Alethean’s business was complicated given its line of businesses as well as the desire to spin out certain operations. We were able to advise and execute on a restructuring plan that helped avoid bankruptcy and recapitalize the business. The senior lender was very pleased with the result” said Matthew Johnson, Managing Partner.
About Alethean, LLC.
Alethean invests in CPA firms in order to build their wealth management services and has contracts with several of the top 50 CPA firms in the U.S. covering over 1,000 financial professionals. Alethean provides succession liquidity and non-proprietary wealth management products and services, as well as identifies and accelerates acquisitions of other RIA firms.
Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.