Gymboree Group, Inc.

ABOUT THE CASE

Gymboree Group, Inc.

SECTOR: Consumer Discretionary - Retail
CONFIRMED DATE: January 2019
ROLE: Financial Advisor to the Official Committee of Unsecured Creditors
Province was retained as financial advisor to the official committee of unsecured creditors for Gymboree’s 2019 filing of approximately 900 stores that included brands Janie and Jack, Gymboree, and Crazy 8. Our representation of the committee includes such activities as adding buyers to the sales process, negotiating DIP terms, financing fees and interest, payment of stub rent and 503b9 claims, a liquidator agency agreement, KERP/KEIP plans, and timing regarding a sales process and auction. Province added additional buyers to the sale process for the going concern sale of Janie and Jack to maximize value for the estate, and performed traditional financial advisory services such as developing a recovery waterfall analysis, analyzing current and historical 4-wall contribution by store, and assessing pro-forma corporate overhead
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