Transaction:
Gabriel Holdings
Successful Reorganization of Packaged Liquor Store Chain Through Chapter 11
Gabriel Holdings is the largest packaged store in the San Antonio area. The Company filed for Chapter 11 Bankruptcy in the Western District of Texas. Our team facilitated the restructuring and successful reorganization and ultimate sale process
Our Approach
Working with Management, Debtor advisors and legal counsel, and creditor representatives, Harney guided the company through the Chapter 11 by overseeing operations, monitoring cash availability and borrowing base issues, and executing the sale process.
Facilitated negotiations between the owners, debtors, and creditor groups.
Outcomes
The Plan of Reorganization approved by the Court resulted in 100% payoff of the senior secured lender and significant recovery to the unsecured creditors.
Services & Roles
M&A Advisory
Special Situation Advisory
Chief Restructuring Officer
*Some engagements may have been performed by team prior to joining Harney Capital.
