has been recapitalized by

Business Description

Tabar Inc. was a market leading designer and importer of technically-advanced gloves  for four seasons of sports, including skiing, snowboarding, cycling, power sports, hunting/fishing, and water sports.  The Company also provides tactical hand-ware for specialty applications.  Its customers included several of the most respected outdoors sports brands, including Mountain Equipment Co-op, Outdoor Research, REI, EMS, Mountain Hardwear, Columbia, Saucony, and Eddie Bauer.

Background

Following a challenging 2008, Tabar's lender, a New York-based money center bank, had a renewed focus on their collateral coverage and ratio requirements as a result of the credit crunch and moved Tabar to their special assets group.

Solution

Carter Morse & Mathias was hired by Tabar Inc. to review its operations and financial position, devise a strategy to better manage its immediate cash needs, and create a tactical plan to manage its seasonal working capital needs. As part of the plan, Carter Morse & Mathias served in a de facto CFO role for Tabar, and worked closely with management to negotiate a forbearance agreement, visited a number of key accounts to negotiate short term solutions, analyzed weekly cash flows, and helped execute the plan.  Once over the seasonal peak, Carter Morse & Mathias led the discussions and negotiations with a number of potential lenders and ultimately closed a combination of new credit facilities with both the Purchase Order Finance Group and the Trade Capital divisions of Wells Fargo Capital Finance.

Contact us to learn more about this transaction.

More transactions >
X
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Join Our Mailing List

For more than three decades, Carter Morse & Goodrich has excelled at maximizing shareholder value for our clients and leading transactions through to successful completion.

Please enter your information below to receive email updates
from Carter Morse & Goodrich.