Capstone Financial Advisory Services Team Completes CRO Engagement on Behalf of ActiTech
ActiTech is a contract manufacturer of premium personal care products, including skincare products and nutraceuticals
Capstone’s Financial Advisory Services (FAS) team is pleased to announce the successful completion of its engagement as Chief Restructuring Officer (CRO) and Financial Advisor during a Chapter 11 reorganization for Texas-based ActiTech, a contract manufacturer of premium personal care products, including skincare products and nutraceuticals.
The company was successfully able to reorganize under Subchapter 5 of the bankruptcy code and emerge as an operational entity. Various challenges in client’s particular circumstances resulted in this being a precedent-setting case in the Northern District of Texas Bankruptcy Court.
ActiTech, the manufacturing subsidiary of ActiFirm, is a full-service provider of cutting-edge custom formulations and total quality production of natural and organic personal care, hair care, beverage, and other products.
John Koskiewicz, Capstone Managing Director, who acted as CRO and led the financial advisory assignment, said
“It’s always a great feeling to help a company successfully navigate a Chapter 11 process. But the conclusion in this case, which was beset by factors beyond the client’s control, was particularly satisfying. The entire team, which included attorney’s Pat Neligan and Doug Buncher from Neligan LLP, as well as Capstone Vice President Jeremy Putka, was completely committed to helping company owner Elysiann Bishop preserve the company she founded and had fought so hard to protect.”