Senior Managing Director & Shareholder
Years with Phoenix: 10
Years of Investment Banking & Turnaround Experience: 15
Office Location: Boston, MA
Jim Fleet is a Managing Director and Shareholder, with over twenty years of executive management and transactional advisory experience. He has led the Phoenix Boston office since its inception in March 2000. His advisory experience includes over fifty (50) assignments in which he managed or provided material guidance in turnaround and investment banking assignments that have encompassed interim management roles, operational wind downs, bankruptcy §363 transactions, and a variety of refinancing/recapitalization & M&A transactions. His track record of success in a wide array of many corporate environments, including private, public, international, and family-owned companies demonstrates his unique ability to adapt to the distinctive elements of each assignment. His style is to advocate strongly on behalf of his clients in a manner that builds consensus among all constituents, providing a credible and efficient transaction process producing measurable results.
Phoenix Capital Resources Experience
- Recapitalization
- Refinancing
- Equity Raise
- Management of §363 Sales Process
- Out-of-court Bankruptcy Auctions
- Divestitures
- Balance Sheet Restructurings
- Assignment for the Benefit of Creditors (“ABC”)-State run bankruptcy process
Selected M&A and Capital Advisory Transactions
Served as the financial advisor in a $8.5 mm sale of a privately held $50 mm manufacturing and distribution company
Served as the financial advisor in a $12 mm refinancing of a privately held $30 mm machine manufacturer
Served as the interim CEO and financial advisor in a $18 mm sale of an international publicly traded $15 mm software technology company with offices throughout the US, Europe and Asia Pacific Rim
Served as the interim CEO and financial advisor in $35 mm recapitalization of an international $100+mm revenue branded consumer products company.
Served as President & CEO to a precious metal manufacturer to the boutique jewelry and corporate recognition markets. During which he directed the Company’s bankruptcy filing and re-organization and subsequent emergence in less than seven months. Key components of the case included: negotiating & securing DIP financing, creditor constituents restructuring negotiations and securing permenant working capital senior credit facility. The Company enjoyed several years of profitability and growth during his tenure until the Company’s sale nearly five (5) years later at a 5.8x multiple transaction value, which was led by Fleet.
Served as the Assignee in an Assignment for the Benefit of Creditors (“ABC”), a state run bankruptcy process, in the sale of assets of a $62 mm venture-backed biomedical software technology company. During the four-month process, directed the operations of the company which emerged as a going concern.
Served as the Assignee in an ABC, in the sale of assets of a $55 mm private equity backed security and video conferencing company. During the three-month process, supported the operations of the business as Financial Advisor of the company which emerged as a going concern.
Industry Experience-These will need to be trued up to the new industries we are listing.
- Advertising
- Direct Mail
- Information Technology
- Jewelry-Precious Metal Manufacturing
- Equipment Leasing
- Machinery
- Consumer Products
- Printing-Fulfillment
- Distribution
- Publishing
- Restaurants
- Manufacturing
Prior Experience
Prior to joining Phoenix, Jim spent considerable time in the manufacturing, advertising, and distribution sectors in roles ranging from Executive Vice President of sales and marketing, COO, and President/CEO.
Education/Affiliations
Jim graduated with a BS in Economics/Finance from Southern New Hampshire University in 1984. He serves on the Board of Directors for the Northeast chapter of the Turnaround Management Association (TMA) and is also active in the Association for Corporate Growth (ACG). He often is asked to speak on panels at industry conferences on a variety of subjects pertaining to turnaround management, bankruptcy/insolvency proceedings and transactional strategies for transitional companies.
Contact
(617) 217-2889 phone
(401) 742-7553 cell