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VHM Capital signs a turnaround management mandate   •   VHM Capital has picked up a sell side mandate for paper packaging company   •   VHM Capital has picked up a mandate to raise EUR 8 million construction finance for innovative recirculating fish farm   •   VHM Capita has received a Letter of Intent for EUR 9 million by a mezzanine fund for financing one of our clients   •   EUR 8.3 million equity funding Term Sheet and Pre-Investment Agreement signed

VHM Capital signs a turnaround management mandate

VHM Capital took a turnaround management mandate for a packaging company. We have developed a restructuring program, approved by the creditors, restructured the company debt, brought the company to a monthly positive EBITDA, raised €280K working capital debt, optimized the operations, and reduced the accounts payables to suppliers from €1 million to €500K. After 11 months of management, in April 2021, we managed to sign an LOI with a venture capital fund for acquiring the company. The acquisition was closed in Q4, 2021.