Company: Harvey Lewis Design
Situation
The company was a manufacturer of products in China and selling to major US retailers. The company was under-capitalized due to sales growth of over 550% in three years.
Objective
Identify appropriate funding source to provide growth capital, eliminate bank guarantees and create a partial liquidity event for the key shareholder.
Solution
Evergreen Advisors contacted over 60 prospective US and international entities. The purchaser was a Hong Kong trading company with a strong European presence that wanted to enter the US market and bring the brands to Europe.