Redgate Capital Acted as Strategic and Financial Adviser to Sportland International Group in Their Capital Base Restructuring Process
The deterioration in economic conditions and reduced retail sales limited the ability of the company to duly service financial obligations. Redgate Capital assisted Sportland International Group in the creation of a cash flow plan for a period of 5 years and in development of a capital restructuring model based on the estimated service ability.
In January 2010 the company arrived at an agreement with a group of creditors led by Swedbank to restructure the capital base of the group of entities united by Sportland International Group.
Sportland International Group is the leading sport goods retailer in the Baltics.
Read about the transaction in the news.