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Their investment supported Stat Health’s recapitalization, alongside Spanos Barber Jesse & Co. A global leader in innovative cleaning solutions and hygiene management, Washing Systems is a leading provider of specialty chemicals and technical services to the North American and European textile rental market.
When the company hits potholes, Flexible VC investors usually don’t have the nuclear options of firing management and/or doing a recapitalization. Governance. Their only option is to work with management to try to fix the problems. Few strings attached : Founders have autonomy to spend the funds in whatever way they like.
On the positive side, corporate profits are up, their balance sheets have been repaired and they have recapitalized themselves to have lower amounts of debt relative to equity. The last big recession was in the early 90′s where IT and globalization were in their infancy in terms of impact. We’re 2.5 What gives?
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