The business was on the brink of insolvency and had already received pre-appointment insolvency advice that unsecured creditors would receive a return of 20-30 cents in the dollar.
Bevilles was operating 26 retail stores in shopping centres while employing over 350 staff nationwide.
The business had limited cash flow and was under mounting pressure from creditors.
What We Did
Developed a financial model and turnaround plan to provide confidence to major stakeholders.
Identified that occupancy costs were too high, and the average store size needed to be reduced by 40 percent.
Procured support of the business’s key stakeholders, both locally and internationally.
Negotiated commercial arrangements with all key stakeholders.
What We Delivered
Saved an 80-year-old family business.
Retained 250 jobs.
Returned 90 cents in the dollar to unsecured creditors, compared to the initial advice of 20-30 cents.
Why They Came To Us
What We Did
What We Delivered
The business was on the brink of insolvency and had already received pre-appointment insolvency advice that unsecured creditors would receive a return of 20-30 cents in the dollar.
Bevilles was operating 26 retail stores in shopping centres while employing over 350 staff nationwide.
The business had limited cash flow and was under mounting pressure from creditors.
Developed a financial model and turnaround plan to provide confidence to major stakeholders.
Identified that occupancy costs were too high, and the average store size needed to be reduced by 40 percent.
Procured support of the business’s key stakeholders, both locally and internationally.
Negotiated commercial arrangements with all key stakeholders.
Saved an 80-year-old family business.
Retained 250 jobs.
Returned 90 cents in the dollar to unsecured creditors, compared to the initial advice of 20-30 cents.
Phase 2 – Growth
Why They Came To Us
Bevilles had experienced a period of strong growth.
The owner had acknowledged that it was time to exit the business and wanted to ensure it remained in safe hands and had the ability to continue to grow.
What We Did
Built a growth plan for the business to expand its store network.
Negotiated transaction with buyer.
Worked with owner and management team through due diligence.
Facilitated meetings between owner, buyer and advisors from negotiation to settlement.
What We Delivered
Guided owners through a complex process that involved sophisticated parties.
Executed $50m transaction.
Ensured alignment between buyer and seller on future of business.
Why They Came To Us
What We Did
What We Delivered
Bevilles had experienced a period of strong growth.
The owner had acknowledged that it was time to exit the business and wanted to ensure it remained in safe hands and had the ability to continue to grow.
Built a growth plan for the business to expand its store network.
Negotiated transaction with buyer.
Worked with owner and management team through due diligence.
Facilitated meetings between owner, buyer and advisors from negotiation to settlement.
Guided owners through a complex process that involved sophisticated parties.
Executed $50m transaction.
Ensured alignment between buyer and seller on future of business.
“Mawson didn’t just transform my business, they transformed my life. “
