has been recapitalized by



AMO is a provider of
outsourced accounts receivable
management services.

The undersigned acted as financial advisor to AMO in this Transaction

Asset Management Outsourcing

Description

Asset Management Outsourcing is a leading outsourced provider of accounts receivable management services. As one of the 25 largest collectors of delinquent debt in the United States, the Company leverages its national scope and its scalable infrastructure to provide customized receivables management solutions through its two primary brands, AMO Recoveries and Receivia.

Situation

The Company’s primary institutional equity investor, BCI Partners, approached Croft & Bender to help raise the necessary mezzanine capital to effect a recapitalization of the Company. The Company had been turned around by new management and was performing extremely well but was burdened by an overleveraged balance sheet that included approximately $82.4 million of debt and preferred stock obligations. Croft & Bender was hired to draft the offering memorandum, market the Company to interested parties and to analyze, structure and negotiate a transaction that would raise the necessary capital.

Result

Croft & Bender successfully raised mezzanine financing from Northstar Capital. This capital, plus the additional sale of preferred stock to BCI Partners, was used to refinance all existing obligations and provide working capital for the Company to accelerate its growth.