Welcome to the February issue of ACM Capital Partners’ Value Line newsletter. In this issue you will find details of three new engagements – a forensic accounting assignment for a $20M payment processor; a business assessment for a troubled borrower on behalf of a top five international bank; and financial analysis assistance for a large private equity fund.
ACM RETAINED FOR FORENSIC ACCOUNTING ASSIGNMENT FOR PAYMENT PROCESSOR
On a Friday afternoon in February, we received a distress call and had a team of four accounting professionals in the company the following Monday to conduct forensic accounting for this client.
Suspicion of employee theft was the impetus for the call by the client. The ongoing work has indicated material theft by a former employee. Additionally, our team has been working with the client to identify the liquidity needs of the business over the next several months. Coupled with this exercise, we have begun to seek financing for this client to bridge the short term liquidity issues. “This client grew quickly and did not have adequate internal controls in place to mitigate the risks associated with the underlying business model,” said Jim Martin, Managing Partner of ACM Capital Partners. “We believe that with the proper capital infused in the business, the client will thrive in its industry.”
TOP FIVE BANK RETAINS ACM TO CONDUCT BUSINESS ASSESSMENT FOR RETAILER
ACM has been retained to provide an operational analysis for a retailer domiciled in Florida. The project will include a physical inventory count and valuation with an analysis of the cash flow of the business for the previous twelve months for each location.
In addition to the assessment, our firm will be asked to assist the borrower with a wind down or liquidation of the business should that become necessary. “We are very excited to work with this top lender on this assignment. We have been performing similar work for other lenders and are happy to begin a relationship with this one,” said Jim Martin.
ACM ENGAGED TO ASSIST PRIVATE EQUITY FUND WITH FINANCIAL ANALYSIS
The firm has been retained by a large private equity fund to assist with a financial analysis assignment. This is our first assignment with this client and we are thrilled to begin a relationship with this well respected firm. In addition to the analysis work, we hope to assist the client and its various portfolio companies with analytical support for 2013. With the commitment from our client to deploy our resources throughout the year, we can offer a very attractive pricing structure that has been very well received.
“This is a great opportunity for ACM to display to our client the skill set of our team of mid-level professionals who come with extensive training, substantial experience, great attention to detail together with an exceptional work ethic”, said Jim Martin. .