Steven R. Gerbsman, Principal of Gerbsman Partners/Technology Recovery Group, Gunnar Ostergren and Jason H. Gerbsman, both members of Gerbsman Partnersí Board of Intellectual Capital, announced today their success in assisting with the orderly shut down, and the maximization of value of Intellectual Property for two optical networking companies.
Due to market conditions, the two venture capital-backed companies made the strategic decision to conduct an orderly shut down of operations and to maximize the value of their Intellectual Property. Gerbsman Partners met and/or exceeded the objectives of the Board of Directors and stakeholders for both companies.
Gerbsman Partners provided the companies with:
- Crisis Management and technology experience in developing the strategic action plans for an orderly shut down of operations;
- Proven domain technology expertise in maximizing the value of the Intellectual Property;
- The ability to "Manage the Process" among Board members, Lawyers, Senior Lenders, Creditors, Landlords, Management & Advisors;
- The proven ability to "Drive" toward successful closure for all parties at interest.
Gerbsman Partners/Technology Recovery Group focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property.
In the past 36 months, Gerbsman Partners has been involved in maximizing value for 17 Intellectual Property deals and has restructured/terminated over $ 400 million of real estate executory contracts and equipment lease/sub-debt obligations.
Gerbsman Partners/Technology Recovery Group has offices and strategic alliances in North America, Europe and Israel.