Developer of Computerized Special Effects

Phoenix serves as CFO and financial advisor to a developer of computerized special effects and successfully sells the Company to a strategic buyer.

The Client

The Company was a $15 million Developer of Computerized Special Effects headquartered in MA.

The Challenge

The Company had raised more than $30 million from several private equity investors, who had lost confidence in the CFO and were concerned about the continued cash burn and exit strategy.

The Solution

Phoenix Management assumed the role of CFO, migrated to a new contract manufacturer that reduced costs while improving quality, restructured several licensing agreements, and revamped the incentive compensation program, bringing the Company to a cash flow neutral status. Phoenix then structured the sale of ICE’s streaming media technology to a newly capitalized entity, and negotiated the sale of its “legacy” business to a publicly traded entity, resulting in a return to its shareholders that exceeded their expectations. The strategic buyer remains a leader in providing enterprise-class platforms for the automated production and distribution of streaming media.

Phoenix Turnaround

Primary Industry

  • Services

Secondary Industry

  • Information Technology

    Primary Services

  • Interim ManagementBusiness / Operational AssessmentsStrategic AdvisoryLiquidation / Business Wind Down