- The Firm
- Our Business
- Contact Us
Venture Industries and its successor company develops and manufactures a range of plastic interior and exterior parts for the automobile industry.
Venture sought confirmation of a plan of reorganization which was opposed by its majority equity owner in the owner’s role as new value investor.
Cypress acted as financial advisor to the equity owners of Venture Industries in the Chapter 11 proceeding. Cypress negotiated with lenders and other creditors regarding a restructuring of a new value plan. When those negotiations were not successful, Cypress testified as the lack of “market” terms of the exit financing and the lack of feasibility of the Plan of Reorganization. The bankruptcy court found in favor of Cypress’ client. The opposing side did not appeal.