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Avant Advisory Newport Beach
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Securing Value
Securing Value

9 followers
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#HappyHolidays from Avant Advisory Group!
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Avant Advisory Group is privileged to support Royal Family KIDS in its noble mission of changing the lives of each one of those valuable but too often neglected, abused, and abandoned kids in the foster care system.

As presented in the Orange County Business Journal, http://www.cbjonline.com/a1ocbj/pdfs/OCBJ-issue-170904-pgs-36-70-43.pdf please join Avant Advisory Group https://www.avantadvisory.com/ by donating to Royal Family KIDS. Avant will match each donation of the RFK Fellowship program in its total sponsorship of $100,000 to support RFK’s vision of serving every child in foster care—whether they live across the street or across the nation https://rfk.org/the-fellowship/.

#royalfamilykids #support #nonprofit #ocbj #mergersandacquisitions
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Avant Advisory Group – Forensic Experts and Beyond

From the courtroom to the boardroom, Avant Advisory Group’s experts shine in their respective fields. We deliver unmatched credentials, skills, and experience in forensic accounting, fraud examinations, dispute consulting, M&A due diligence, financial reporting, and expert witness testimony. Whether we are analyzing complex business transactions, reconstructing lost accounting trails, or uncovering hidden facts, our team reassembles the pieces of the puzzle to present the full picture.


Our clients turn to us to solve business challenges during times of transition and to uncover hidden value that yields opportunities. By blending financial and operational experience with interdisciplinary expertise, we broaden the lens and identify for greater value creation.


Beyond forensic, fraud, investigative, and dispute resolution services, Avant Advisory Group provides exceptional expertise in:


• Mergers, acquisitions, and capital transactions


• CFO services and interim management


• Operational turnarounds and financial restructuring


For more information, please visit our website at http://www.AvantAdvisory.com

#mergersandacquisitions #cfo #ceo #forensic #financialrestructuring #management
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HEALTHCARE TRANSACTIONS

Healthcare transactions are complex. Avant Advisory Group’s healthcare transaction advisors provide deep industry expertise blended with an exceptional breadth of practical experience to identify and optimize healthcare opportunities. Our healthcare executive level advisors understand the key strategic, operational, and financial variables required for successful transactions.

In performing Quality of Earnings and Operations assessments for our healthcare clients, we accomplish the following:

• Assessment of EBITDA and any related adjustments
• Evaluation of target revenue and receivables quality
• Identification of revenue cycle concerns and opportunities
• Analysis of working capital, determination of the targeted amount, and post transaction true-up
• Scrutiny of balance sheet accounts
• Vetting of management prepared pro formas
• Determination of business drivers and risks

We serve middle-market private equity firms, corporate acquirers, boards and audit committees, traditional and alternative lenders, and healthcare providers. Our intersecting specialties in finance, operations, and healthcare coalesce to recognize Avant as a healthcare consulting leader. Our experts’ tenures as CEOs, CFOs, COOs, Big Four CPAs, consultants, and members of boards of directors position our team with the technical know-how to secure the value of our clients’ financial decisions.

ADDITIONAL SERVICES

• Merger & acquisitions advisory

• Due diligence - Quality of Earnings and Operations

• CFO services and interim management

• Operational turnarounds and financial restructuring

• Performance improvement

• Forensic, fraud, and investigative analyses

• Dispute resolution and expert testimony
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Avant's Success Stories

THE CLIENT

International consumer products manufacturer and distributor of nutritional and personal care products operating in forty countries.

THE SITUATION

Formerly at $700 million revenues, the private equity–owned company was operating at significantly lower sales levels. Avant Advisory Group provided a CFO replacement during a period of tight cash, significant cost reductions, combined with large scale strategic, management and staff changes. A material accounting error occurred that resulted in a breach of debt covenants necessitating restatement of previously issued audited financial statements.

THE SOLUTION

Avant was engaged to provide an interim CFO within days of a major refinancing to upgrade the position for increased credibility and confidence among creditors, employees and other stakeholders. Material accounting errors were identified which required restatement of previously audited financial statements. We investigated, analyzed, and communicated the errors, their cause, and impact to the appropriate parties, which included management, private equity owner, lenders and board members. We coordinated a confirming forensic investigation and the re-audit and reissued financial statements.

Simultaneously, we worked with operations to maximize cash and improve working capital. Several cost reduction initiatives were implemented in the areas of manufacturing, freight and logistics, and inventory rationalization.

THE RESULTS

Our efforts restored credibility in financial reporting among management, investors, lenders, and the board of directors. In addition, Avant helped improve cash flows by working with operating management to implement cost reduction initiatives in manufacturing, outsourcing, transportation, and export tax recovery that drove $500,000 of procurement savings in the following areas:

• Duty drawback: 90% refund of import duties paid on imported components and ingredients
• Uniforms: 67% reduction in annual costs
• Small package delivery: 12% improvement in overall costs
• Pallets: 40% decrease in pallet costs
• Truck freight: 11% reduction in less-than-truckload freight costs

Please visit our website for more success stories at https://www.avantadvisory.com/clients/success-stories/

#interimCFO #financialestatements #performanceimprovement #mergersandacquisitions #advisory #businessgrowth #stakeholders #companyaudit #financialreporting
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Avant's Success Stories

THE CLIENT

An international public technology communications manufacturing and distribution company.

THE SITUATION

Avant Advisory Group was engaged to replace the senior CFO, VP Finance, and controllership positions following reshuffling of those positions, senior management, and much of the board of directors. The $300 million revenues public Company faced significant shareholder and other litigation. It had multiple technical accounting, reporting and SEC issues and significant weakness in its internal controls, which required remediation.

THE SOLUTION

Avant provided interim CFO management and related services, performing complete CFO management responsibilities for the entire Company. We handled all financial reporting, including multiple company filings. Avant handled the entire audit process that included restatement of previously issued financial statements to correct errors identified during the financial reporting process, coordinated the analysis of all accounting, SEC technical accounting issues. We coordinated remediation of various internal control weaknesses identified throughout the Company.

Avant prepared all projections and coordinated all diligence necessary to support the sale of significant company operations.

THE RESULTS

Credibility in financial reporting was restored among the audit committee, board of directors, and management. Financial reports and analyses were improved and multiple technical accounting, financial reporting and SEC issues were resolved. Internal controls were improved throughout the Company. The CFO function was strengthened throughout for a now stabilized Company.

For more information, please visit our website at http://www.avantadvisory.com

#interimmanagement #cfo #interimcfomanagement #mergersandacquisitions #cfoservices #advisory #businessadvisory
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Avant's Success Stories

THE CLIENT

A forty-year-old food processor with branded retail locations throughout Southern California.

THE SITUATION

The Company faced increasingly higher labor and manufacturing costs along with declining or flat sales among its multitude of retail locations to result in the first operating loss experienced in nearly 40 years. The weak financial and operational reporting precluded proper measurement of operating costs and gross margins. As a result, the Company was placed in workout within its bank’s special assets group.

THE SOLUTION

Based on its bank’s recommendation, the Board of Directors engaged Avant Advisory Group to facilitate improvement in the Company’s manufacturing operations, internal controls, accounting and financial reporting to reverse the Company’s deteriorating financial condition.

THE RESULTS

Avant’s interdisciplinary approach of combining financial and operational disciplines to analyze and then implement improvements throughout the Company’s manufacturing and distribution operations resulted in major enhancements in production yield, reduced waste, strengthened margins, increased cash flows, and resulting return to profitability. Within months, the Company was released from the bank’s special assets group and refinanced by another major bank.

More success stories:
https://www.avantadvisory.com/clients/success-stories/
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AVANT’S SUCCESS STORIES
The following success stories provide insights into how we have developed real solutions to the challenges of our clients.

THE CLIENT

National $150 million food manufacturer and wholesale distributor of all natural foods under multiple brands.

THE SITUATION

The Company was underperforming with various operational challenges including:

• Production yields well-below industry standards
• Need to consolidate multiple plants and products into a single food processing facility
• National expansion and related high freight cost management
• Insufficient freight volume to qualify for lower freight rates

THE SOLUTION

Avant Advisory Group worked with the client in strengthening its production planning, in developing procedures and protocols, and in the implementation of LEAN manufacturing techniques, including Five-S. Avant helped optimize the Company’s logistics network which quadrupled annual savings as a result of the three-month project.

THE RESULTS

Avant identified and helped the Company implement:

• 17% reduction in national distribution costs by converting to intermodal rail/truck and by identifying back-haul trucking opportunities

• 23% improvement in national trucking and warehousing costs and a major reduction in delivery lead times by eliminating a hub-and-spoke cross-dock configuration

• 19% decrease in trucking costs for the client’s largest customer’s distribution center by realigning to match the customer’s supply chain network

• $330,000 increase in EBITDA by pruning customers that could not be served profitably given short lead time requirements and lengthy production and delivery schedules

• $450,000 savings from increased use of intermodal transport, leveraging lower cost consolidators, and partnering with peer food manufacturers

For more success stories please visit our website https://www.avantadvisory.com/clients/success-stories/

#companyperformance #performanceimprovement #mergersandacquisitions #businessadvise #EBITDA
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Middle-Market Companies

Avant Advisory Group provides hands-on strategic, operational performance improvement, and financial consulting services that help healthy companies thrive and grow and return troubled companies to solid footing. We are dedicated to middle-market companies in providing the highest quality service to preserve and create value. We are committed to all aspects of finding and driving value whether it be through operational performance improvement or deep turnarounds, financial restructuring, interim management, forensic, investigative, and dispute resolution services, or M&A support.

Big Four CPA-trained and large consulting firm financial and operational experts, former CEOs, CFOs, and other seasoned senior executives comprise our team. Avant delivers the range of capabilities, skills, and acumen needed to transform businesses and transition them forward.
Avant drives value for middle-market companies in the areas of:

• Merger, Acquisition, and Financing Transaction Support
• Performance Improvement
• CFO Services and C-Suite Interim Management
• Operational Turnarounds and Financial Restructuring

For more information, please visit our website at http://www.AvantAdvisory.com
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Avant Advisory Group is well suited to act in fiduciary capacities or to support fiduciaries such as trustees, receivers, and monitors in bankruptcy, fraud, and other situations. We are well positioned to help in complex and challenging appointments. Avant is experienced in facilitating resolution of matters involving distressed businesses and troubled assets, providing informed insight into disputes, fraud situations, or regulatory, and litigation matters.

Receivers and trustees draw upon the resources of our experienced, credentialed specialists to provide technical expertise, impartiality, oversight and guidance required for success.

Our services include forensic accounting, fraud examinations, corporate investigations, and expert witness testimony. As specialized forensic CPAs, Certified Fraud Examiners, Certified Turnaround Professionals, Certified Insolvency and Restructuring Advisors, Certified Corporate Directors, we have unmatched credentials and capabilities to fulfill examiner duties in a bankruptcy and fraud investigation and forensic accounting analyses in other applicable situations.

For more information, please visit our website https://www.avantadvisory.com/

#fiduciaries #trustees #receivers #mergersandacquisitions #securingvalue
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