Case Study: Leading Technology Firm achieves turnaround—avoids liquidation and secures refinancing with Protiviti

Debt Deal Gives Technology Firm a Shot in the Arm

Leading Technology Firm, a fast‑growing company that had defaulted on financial and operational covenants and faced imminent liquidation, engaged Protiviti to stabilize operations and restore credibility with its lender. Protiviti’s Restructuring and Litigation Services practice was brought in at the attorney’s recommendation to investigate, establish proper controls, and reestablish a constructive dialogue with the bank after trust in the company’s financials eroded.

Protiviti integrated into the business — with its lead serving initially as chief restructuring officer — and implemented business process, staffing and working‑capital improvements, resolved tax issues, and secured a loan modification that kept the company operating. Over a series of modifications spanning four years, Protiviti helped the company refinance with a new lender, pay the original lender in full, restore shareholder confidence, avoid liquidation and position the business for sale.