Blog of Intellectual Capital

Terminating/Restructuring Prohibitive Real Estate, License, Payables & Contingent Liabilities

Gerbsman Partners has been involved with numerous national and international equity sponsors, senior/junior lenders, investment banks and equipment lessors in the restructuring or termination of various balance sheet issues for their technology, life science, medical device, cyber security, solar and cleantech portfolio companies. 

These companies were not necessarily in crisis, but had cash (in some cases significant cash reserves) and/or investor groups that were about to provide additional funding. In order to stabilize their Go-Forward-Plan and maximize cash resources for future growth, there were specific needs to address Balance Sheet and Contingent Liability issues as soon as possible. 

Some of these areas where Gerbsman Partners has assisted, these companies have been in the process of termination, restructuring and/or reduction of:

Prohibitive Executory Real Estate Leases, Computer and Hardware-related Leases and Senior/Sub-debt Obligations

            Gerbsman Partners was the “innovator” in creating strategies to terminate or restructure prohibitive real estate leases and senior and sub-debt obligations.  To date, we have terminated or restructured $810 million of such obligations for private and public companies, and which has allowed them to return to financial viability. 

Accounts/Trade Payable Obligations

            Companies in a crisis, turnaround or restructuring situation typically have account and trade payable obligations that become prohibitive for the viability of the company on a go-forward-basis. Gerbsman Partners has successfully negotiated mutually beneficial restructurings that allowed all parties to maximize value based on the reality or practicality of the situation.

Software and Technology-related Licenses

            As per the above, software and technology-related licenses need to be restructured/terminated in order for additional capital to be invested in restructured companies. Gerbsman Partners has a significant, successful track record in these areas.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in underperforming, undercapitalized and undervalued companies and their intellectual properties. Since 2001, Gerbsman Partners has successfully maximized the values of 118 companies in a wide and diverse spectrum of industries. In the process, GP has successfully restructured/terminated over $810 million of real estate executor contracts and equipment lease/sub-debt obligations, and has assisted in over $2.3 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in Boston, New York, Washington DC, McLean VA, San Francisco, Orange County, Europe and Israel. 

Steven R. Gerbsman
Principal
steve@gerbsmanpartners.com
http://www.gerbsmanpartners.com

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As we go through life, we have many acquaintances, but few real friends.  Jerry was one of the few people I can call “friend” and more important “brother”.

The lives of our families have overlapped since 1971 and although we have been in CA since 1978, its like we were always next door.

There are no words to say, other than remember the good times and who Jerry was.  A kind, generous, considerate, tough at times, supporting loving husband and family man.  Each time we spoke we always discussed the kids and grandkids and what was happening.  It was always about “family and friendship”, even though we both had tough demeaners.

The two best weddings Marlene and I have ever been to was Greg’s and Jason/Lauren’s.  It was about family.

Nothing else to say other than I will always have my Brother in my heart and soul.

A toast “to the memory of one who once was – as dear friend and brother and to the knowledge he will be in my heart and soul forever”.

With respect and with love 

“Hear, O Israel, the Lord is our God, the Lord is One.”  “Blessed be the name of His glorious kingdom for ever and ever,”

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