Background

• Company losing money
• Investors losing confidence due to reassessment of market potential and low gross margins
• CEO Quit
• Difficult to sell company with low gross margins
• 2 out of 7 investors (who were on the Board) had worked with KCI previously

Mandate

• M&A and interim CEO

Results

• Improved gross margins to saleable level
• Company successfully sold to large French strategic buyer
• All debt paid off
• Investors recovered more of their equity than they expected
• Follow on work from investors who had not worked with us previously (one investor to date and possibly two others)