The Tortugas team has considerable experience in a variety of types of companies and stages of development. Below we have provided samples of the kind of engagements we have recently handled. Insurance Carrier: Tortugas evaluated capital alternatives, given regulatory environment and identified possible investors. We prepared a detailed financial presentation and supporting documents. Also performed a preliminary valuation and addressed the effect of various capital scenarios. Unidentified possible strategic partners and institutional investors. prepared Term Sheet. Mobility Assistance Manufacturer:
Contract Manufacturer/Industrial Automation Company:
Tortugas performed a strategic and financial review of this company, including evaluation of business lines, market analysis, extensive review of financial reporting and management process. The result was a management decision to spin-off certain non-strategic business lines. We further assisted in negotiation of final deal, including refinancing with existing bank.
Result: Spin-off of Industrial Automation and related businesses.
Result: Investment in the company.
Tortugas assisted the firm in upgrading their financial objectives and forecasts, addressed capital and strategic partner funding alternatives, as well as developed investor presentations and related documents. The Tortugas team then identified potential investors and strategic partners.
Result: Sale of core products, licensing of robotics activities, long-term production contract.
Medical Device Contract Manufacturer:
We assisted in the analysis of a possible merger with a related business, including due diligence and valuation, as well as financial forecasting of the combined group. We also assisted in the restructuring of the new group’s bank lines.
Result: Merge of companies.
Spinal Implant Manufacturer:
The Tortugas team assisted in financial analysis, valuation, preparation of presentations and forecasts. We then assisted in identifying capital opportunities and strategic partners. Separately engaged to provide monthly financial financial and performance analysis.
Result: Offer for acquisition of the firm.
Clinical Research Organization:
We assisted in the review and modification of financial forecasts, valuation of the company and identification of capital raising alternatives. Decision to pursue debt funding. Identified possible funding alternatives.
Result: Debt funding for client.
Medical Information Provider:
We assisted this start-up provider of e-prescription and data management with a detailed business plan and financial forecast. Address capital objectives and identified strategic partners.
Result: Launch of company