Case Study: Aceto saves 96% of jobs and repays creditors with AlixPartners

When a Multi-faceted Solution Sells Businesses, Saves 95% of Jobs and Repays Creditors

Aceto, a pharmaceutical and chemical company, faced looming debt maturities, weak operating results, and a large asset impairment that threatened its business and jobs. AlixPartners was brought in to support the company as interim CFO and help evaluate strategic alternatives, using cash flow forecasting, budgeting, business planning, and market analysis to determine the best path forward.

AlixPartners helped structure a multi-faceted Chapter 11 restructuring that split Aceto’s assets into separate sales for its Rising Pharmaceuticals and Chemicals businesses, including coordinated auctions and negotiated transactions. The result was a faster emergence from bankruptcy, $422M from the Chemicals sale, 95%+ of jobs preserved, and strong recoveries for creditors, with additional value protected through tax-loss structuring and continuity for employees, customers, and suppliers.

Aceto