Explore how Ankura's comprehensive transaction advisory services empowered First Western Financial to secure a pivotal lending facility for a leading aerospace engineering firm, enhancing strategic growth and industry-specific insights.
Background
First Western Trust is the financial partner for high-net-worth
individuals, businesses, and families, offering custom banking,
wealth planning, and investment management solutions.
First Western Trust was working with a prominent and fast-growing
aerospace engineering firm (the "Business") to provide a
key lending facility to help fuel its next phase of growth. First
Western Trust, a long-time client of Ankura, needed support to
assess the financial condition, earnings, and potential future
value of the Business and collateral.
Ankura's Involvement
Ankura's Transaction Advisory Services practice was able to provide a diverse and full suite of services. From financial due diligence to business and fixed asset valuation, Ankura was able to fully support First Western Trust's underwriting process. Ankura staffed the engagement with professionals that were dedicated to each discipline.
Value Delivered
Ankura's cross-disciplined support enabled First Western
Trust to benefit from the combined effect of having a single firm
supporting all phases of the project. Additionally, Ankura's
professionals provided detailed industry specific knowledge and
insights, such as, (i) understanding of the technical accounting
requirements for multi-phased customer contracts including revenue
and cost recognition under the percentage of completion method,
(ii) recognition of R&D expenses and R&D tax credits, and
(iii) enterprise and shareholder level valuation insights within
the aerospace engineering industry. The expertise that Ankura was
able to provide allowed First Western Trust to complete its
underwriting of the facility in a timely manner.
"The Ankura team's comprehensive suite of
services, expertise, and the responsiveness throughout the
engagement allowed us to understand the key risks and opportunities
and put in place a key credit facility for the ongoing strategic
growth of the Business."
– Brian Weldon, First Western Market
President
About Ankura Transaction Advisory
Ankura's Global Transaction Advisory practice is dedicated to offering investors, operators, and lenders critical insights for successful deal completion. Our team leverages vast operational, industry, and functional expertise to evaluate the earnings quality, operational drivers, and working capital needs of businesses.
Our sector expertise spans healthcare, technology, manufacturing, distribution, consumer goods, retail, restaurants, and business and industrial services. With senior deal professionals actively engaged at every transaction phase, we deliver prompt updates on significant deal factors and conduct focused analyses on any critical issues, ensuring a thorough understanding and resolution of underlying concerns.
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