England & Company Expands Restructuring Practice

September 2013 - England & Company, a Washington, DC-based investment bank, announced today the recent completion of two restructuring assignments and the expansion of its restructuring team. England's Restructuring Group is dedicated to providing advisory and transactional services to debtors, creditors and other key constituents in bankruptcies, as well as out-of-court restructurings.

Recently Completed Restructuring Assignments

Kestrel Technologies, Inc. (Debtor Advisor)

Kestrel, a New York City-based financial software company, sold substantially all of its assets to BondHawk Systems in June 2013. Kestrel's major institutional equity holders include First Union Capital Partners, Thomson Ventures and Jefferies & Company.

Kestrel filed Chapter 11 in December 2012, and England served as exclusive financial advisor and investment banker to the debtor in this case and managed the sale of Kestrel's assets.

Birdsall Services Group, Inc. (Advisor to Chapter 11 Trustee)

Birdsall, an Eatontown, NJ-based engineering services company, sold substantially all of its assets and operations to Partner Assessment Corporation in June 2013. In 2012, Birdsall had revenues totaling approximately $50 million, and the Engineering News-Record ranked Birdsall in the top 200 among both Environmental and Design firms.

Birdsall filed Chapter 11 in March 2013 after it was indicted for campaign finance law violations and the Attorney General for the State of New Jersey sought an order to seize the company's assets. The U.S. Bankruptcy Court approved the appointment of Edwin H. Stier, a former state and federal prosecutor, as Chapter 11 Trustee to manage the affairs of the business during the bankruptcy sale process. England served as advisor and investment banker to the Chapter 11 Trustee and managed the sale of Birdsall's assets.

About England & Company England & Company (www.englandco.com) is an independent investment banking firm headquartered in Washington, DC and with offices in Baltimore and New York. Founded in 2003, England provides owners, executives, and boards of directors of public and private companies with the highest quality investment banking services relating to capital formation, M&A, and restructuring activities. The firm's clients include leading companies in the energy & industrial technology, financial services, healthcare, information technology, consumer products, and business services industries.