Here are some of the key actions taken:
- Applied to the High Court for an Administration Order: Creditor action was halted and space was created to explore rescue options.
- Launched an accelerated M&A process: The business was marketed to target buyers and through public channels.
- Secured High Court approval for a pre-packaged sale: This entailed the business and assets being sold to a new entity, ensuring continuity of operations.
- Supported the Directors throughout: Legal, operational and licensing complexities were navigated successfully, easing the burden significantly.
KR8’s intervention preserved all jobs, secured business continuity, and safeguarded the brand and operations of Forest Road Brewing Co.
This case demonstrates how taking early action can prevent the loss of value and create space to explore viable solutions.
It also shows how well-executed pre-pack sales can protect jobs and brands, while specialist expertise is vital in managing complex insolvency challenges.
