Gordian Group represented Berry-Hill Galleries, a world-class art gallery, as its investment banker in the highly successful restructuring of the Company through a Chapter 11 plan of reorganization.
Case Study
Berry-Hill Galleries
CLIENT: Berry-Hill Galleries
Industries
Consumer/Food/RetailBusiness Profiles
Private Equity / Entrepreneur RepresentationsSituation
Berry-Hill Galleries is a well-known American art specialist on Manhattan’s Upper East Side. The gallery filed for protection from creditors under Chapter 11 in 2005.
Engagement
Gordian Group represented Berry-Hill Galleries as its investment banker in the highly successful restructuring of the Company through a Chapter 11 plan of reorganization.
Outcome
The resolution of the case included the exit of the Company from bankruptcy protection on March 2, 2007, pursuant to a plan of reorganization that provided for a 100% recovery for creditors. The plan included exit financing of at least $19.5 million.