Case Studies: BioTek

BioTek

$50m – Laboratory test equipment

Areas of operation:

A US company having acquired a European group with an Italian factory and distribution subsidiaries in France, Germany, UK and Switzerland from a distressed European vendor breached bank covenants within six months of the acquisition when the vendor progressively filed for bankruptcy in all its European locations causing collateral damage to the acquired group. BM&T Principals took over the operational and financial management of the acquired group and restored the company to profitable operations whilst working with legal advisors to manage the complex legal issues arising from the vendor bankruptcy in Italy, France and Germany.

I was very doubting when we first started the process, but Matthew is able to quickly assimilate a situation and give clear and concise advice that allayed my fears.

Andrew Fraser, Chairman of manufacturing company