An Illinois-based, publically traded, golf training and equipment company.
The company had seen a drop off in sales leading into the off season and could not sustain operations. They were nearing foreclosure when Equity Partners was retained.
Equity Partners quickly generated interest in the company through an extensive marketing process that generated multiple offers of various transaction types.
The company filed Chapter 11 and, with multiple offers on the table, the DIP loan was quickly funded. NaturalGolf was able to continue operations through a transaction with Coleman Capital. With the management team, employees, and proper funding in place, they continue operations today.