Natural Golf Corporation has continued operations through a transaction with Coleman Capital, LLC
Natural Golf Corporation – This publicly-traded golf training and equipment company, based in Illinois, retained SC&H Capital to sell the business, which was losing money and could no longer sustain operations through the off-season or afford to properly market their goods and services. After SC&H’s process generated numerous suitors offering various types of transactions, the company decided to proceed with a debtor in possession loan from Coleman Capital to facilitate a sale in chapter 11.
The company filed chapter 11, SC&H was court approved, the DIP loan funded, and a subsequent sale was approved to Coleman, which closed shortly thereafter. With the management team and employee base intact, and proper funding in place, operations continue today.