CONFIRMED DATE: April 2018
ROLE: Financial Advisor to the Official Committee of Unsecured Creditors
Together with their subsidiaries, VER Technologies is one of largest suppliers of rental production solutions and equipment in the world, having recently completed projects on six continents. VER Technologies provides rental and support services for a broad variety of audio, video and lighting equipment clientele, including among other things, speakers, cameras, lenses, special effects technology and LED technology. Province was retained by the official committee of unsecured creditors to analyze alternatives to the Debtors’ proposed Plan of Reorganization, examine pre- and post-filing leverage and solvency assumptions, assess the feasibility of the Debtors' go-forward business plan and exit capital structure, identify unencumbered value and opportunities for recharacterization and subordination, and maximize unsecured creditor recoveries through the Chapter 11 process.