LOS ANGELES, Oct. 8, 2002 (PRIMEZONE) -- The restructuring unit of The Seidler Companies, a premier middle-market investment bank, today announced the launch of a new service for boards of directors, senior management, creditors and institutional equity investors in middle-market companies. The service, coined the "SCRUB" report (Seidler Critical Understanding Book), provides an in-depth analysis of the viability of a company's business plan, and identifies key issues that the company is now facing, scrubbing away to scrutinize at the core of the business.
Dan Harrow, managing director of The Seidler Companies' restructuring practice, said, "The SCRUB report serves as a detailed due diligence update for banks and equity investors to fully assess a company's operations and financials. Given the recent heightened awareness of corporate governance, boards of directors are also finding the SCRUB useful in helping to assess risks and uphold their overseer obligations."
A SCRUB report digs deep, providing meticulous information and pragmatic assessments of the company's financial condition, breakeven analysis, industry, competitors, as well as the basis of its assumptions and projections. Seidler's restructuring unit taps into the firm's middle-market equity research resources to uncover all existing and potential issues, and then may utilize Seidler's investment banking unit if the "SCRUB-ed" company needs debt or equity financing, or is looking for a suitor.
"Various stakeholders use the SCRUB as an executive physical for a preventative diagnostic check-up on their portfolios," Harrow added. "We play doctor, put on our SCRUBs and diagnose the patient businesses."
About The Seidler Companies
Established in 1965, The Seidler Companies is a premier middle-market investment bank and securities firm. Along with investment banking services for corporations, the firm serves the financial needs of institutions, municipalities and high-net worth individuals. Headquartered in Los Angeles, CA, Seidler also has California offices in Fresno, Irvine and Redlands, along with its latest new office in Scottsdale, AZ. The firm's restructuring unit focuses on in-and out-of-court restructurings, recapitalizations, distressed mergers and acquisitions, as well as analysis of potentially distressed businesses. For more information visit www.seidlercos.com.