Sherwood Partners developed and initiated the 'Full Asset Monetization' process, which we refer to as the 'Date Certain' sales process. The last thing any manager, investor, or board member wants is to revisit a failed situation months or years later. We have been successful in fully monetizing the assets of companies due to our strong relationships with national and international buyers. Our rich database enables us to reach out to the right person, which is key to any successful monetization process. In short, the industry knows Sherwood, and Sherwood knows the industry.
A Managed Liquidation can be an alternative solution for winding down business operations when corporate operations are relatively straightforward, and the balance sheet is not overly burdened with complicated debt arrangements. In such cases, a Managed Liquidation may be more attractive than a formal bankruptcy filing or an Assignment for the Benefit of Creditors (ABCs). This option may also be considered when an owner or board decides the company has run its course and it is time to close. We take care of every element of the liquidation process, from winding down the company and collecting the receivables to monetizing the assets and then finally making the distribution. Sherwood Partners can also act as the Liquidating Trust Agent in this context.
The concept of Managed Liquidations is similar to an Assignment for the Benefit of Creditors (ABCs), with the exception that it is not a legally outlined process. Therefore, you may not get the same level of protection from creditors. However, in the proper circumstances, these liquidations can be an optimal solution.
By methodically and efficiently tackling the key stress points and stabilizing the company's main assets, Sherwood Partners can provide an orderly process for wrapping up the corporate operations and efficiently monetizing all assets.
Asset sales can occur quickly and efficiently, which typically produces the best possible prices with the lowest related expenses. Besides, pared-down operations can be continued for a short period of time in order to maximize the remaining value in the company.
It can also help address trade creditors and contractor obligations in an objective and strategic manner. Furthermore, the owners, top-level management, and investors receive the assurance of a step-by-step plan to wrap up the financial and business affairs in a clean manner.