client_transactions

SSG Client Transactions

Title

Prestige Window Fashions
Client Profile

Client Profile

Bamboo Abbott, Inc. d/b/a Prestige Window Fashions ("Prestige" or the "Company") is one of the largest independent fabricators of custom window coverings in the United States. Headquartered in Edison, New Jersey, the Company distributes its products through internet firms, independent retailers, interior designers and home decorating catalogs. The Company has a strong and diversified customer base that includes over 3,000 different distribution points and has branded sample books at over 4,000 brick and mortar retail locations. Prestige manufactures private label blinds on behalf of the Company's various channel partners and also sells under its own brand names, including Prestige
Situation

Situation

SSG Capital Advisors, LLC was retained several months after the Company filed Chapter 11 and had to act quickly to go to market to sell Prestige as a going concern. The Company was facing a very limited sale window while surviving on cash collateral with no DIP financing facility.
Solution

Solution

Prestige was sold to Ventanas Acquisition Corporation, a private equity sponsored firm, under Section 363 of the U.S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of New Jersey. SSG's experience in expeditiously identifying alternative solutions and buyers, as well as navigating a very contentious Chapter 11, enabled all key stakeholders to maximize recoveries while preserving the jobs of the majority of Prestige's employees.
January 2010
has been acquired by
Ventanas Acquisition Corporation
an affiliate of
The undersigned ascted as Investment Banker to Prestige Window Fashions on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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