Tiercel Technology Corp. is a contract equipment manufacturer which manufactures and assembles metal components and assemblies targeting pharmaceuticals, electronics, solar and medical equipment supply markets.
NewPoint was retained by its CEO and majority shareholder as exclusive financial advisor to restructure the Company’s debt and provide liquidity to support its manufacturing operations. NewPoint planned and executed a confidential process, which lead to the identification of several offers to recapitalize the business.
After receiving multiple bids and based on NewPoint's analysis and recommendation, the Company decided to restructure its balance sheet and extend its partnership with an existing lender to the business. The transaction allowed existing shareholders to minimize their equity give-up while simultaneously providing liquidity to support the business operations going forward.