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Hampshire Group, Inc. OTC PK: HAMP National provided an independent solvency opinion to the Board of NAF Acquisition Corp
The Client National was approached by a potential Acquiror of a publicly traded manufacturer and distributor of clothing and apparel products.
The Mandate In relation to a million tender offer from a Special Purpose Acquisition Corporation, National was asked by the Acquiror and its Lenders to opine on the Company’s ability to sufficiently meet its obligations following the consummation of the proposed transaction.
The Solution Prior to closing, National delivered a Solvency Opinion to the Acquiror and its Lenders, providing them with the assurance necessary to follow through and acquire the target company. National’s quantitative assessment of the combined entity demonstrated that even under adverse circumstances the Company was capitalized sufficiently to meet its outstanding obligations.