Asgaard Capital is a specialty consulting and financial advisory firm, owned and run by Charlie Reardon, that specializes in helping businesses and their owners transition to their next stage. Drawing on decades of experience as an investment banker, lawyer and business owner himself, Charlie helps management and owners to better position their businesses to raise debt and equity capital, find new partners and sell or wind down their businesses. He is particularly effective at helping companies that are experiencing high growth, structural changes in their industries, or limited capital constraints, including those that might be experiencing financial distress.
Charlie also has extensive experience dealing with family businesses. Through his experience both as an owner and consultant to family-owned and run businesses, he helps families navigate performance, compensation and succession issues common to such businesses in order to achieve successful outcomes that take into account perspectives that are frequently unique to each family.
To learn more about how Charlie can help you, please call 703-752-6252 or email info@AsgaardCapital.com. All inquiries are held in strictest confidence.
Charlie has built his career on driving better results for his clients in distressed situations. He knows from decades of experience what works and what doesn’t. He can make concrete suggestions on how to improve operations, pick and incentivize management and advisors, run competitive financing or sale processes, and navigate the bankruptcy process when necessary, all with a single goal in mind – to drive value for investors and other stakeholders.
Diverse, World-Class Experience
Leading M&A and restructuring engagements with nationally recognized firms for over 17 years, including 8 years as head of Houlihan Lokey Financial Restructuring Group’s Distressed M&A practice in the mid-Atlantic.
Serving on the boards of private and public companies. Charlie has served on or advised the boards of numerous companies in a wide variety of industries, including retail, energy, basic and hi-tech manufacturing, broadband/media/telecom, government services, defense, and homebuilding. Charlie’s most recent public board experience was with WCI Communities, Inc. (WCIC: NYSE). He joined the Board upon designation by one of WCI’s main stockholders, which had acquired its stock in WCI’s Chapter 11 Reorganization. Charlie served on both the audit and corporate governance committees until WCI was acquired by Lennar (LEN:NYSE) in February 2017 at a 37% premium above the then trading price of equity. Previously, Charlie served on the Board of publicly held Sunshine Mining & Refining Company (SSMR:US) as well as on a number of other private company boards. More recently, Charlie had served on special situation boards in the oil and gas, retail, and solar power industries.
Simply Better Results
Charlie has consistently completed transactions which yielded far better results than initially projected, outperforming original enterprise value transaction expectations by over 300% in some cases; five of his cases even generated meaningful returns to equity despite severe distress at the outset. Recognition for his transactions includes Retail Products & Services Turnaround of the Year (Turnaround Atlas Awards), Professional Services Deal of the Year (M&A Advisor) and Middle Market Financing of the Year (M&A Advisor).
Working With and For Firms You Know
Charlie can serve as an independent director to advise, supervise, or supplement management. He has been a senior officer or director of multiple companies, and has sat on both audit and corporate governance committees. Charlie has been particularly successful at generating consensus among competing corporate constituents for an executable plan of action, including where parties hold multiple classes of securities whose interests may not be totally aligned.
Charlie can serve as a Trustee, Receiver, Responsible Person in bankruptcy, or manager/lead officer of an LLC or Corporate Estate. He has served as a court-approved fiduciary in both Delaware and Nevada and can wind down portfolio companies following a sale or other liquidating transaction. Charlie is highly trustworthy and honorable, and is intimately familiar with the legal and ethical standards that apply to fiduciaries.
Charlie and his team can supervise or lead M&A, restructuring, or associated special situations financing transactions in or out of court.
Charlie has sat in nearly every advisory seat in an M&A or restructuring engagement, so he can be particularly effective at supervising or assisting other professionals in critical advisory positions. If needed, he can utilize his extensive network to recruit skilled, specialized, and cost-effective professional help, including interim or new management as needed.
The AIM Process
Based upon the available time and resource horizon, Asgaard Capital applies the AIM Process (Assess, Improve, Monetize) to increase earnings and decrease operational and financial risk leading ultimately to increased transaction multiples and greatly enhanced transaction proceeds for owners and other constituencies.
Charlie Reardon is an award-winning investment banker, seasoned executive/entrepreneur, and New York-trained, Yale Law educated attorney. He has over 35 years of experience buying, selling, financing, restructuring, and operating businesses of all kinds. He has advised or served on the boards of public and private companies in numerous industries, including retail, energy, basic and hi-tech manufacturing, broadband/media/telecom, government services, defense, and homebuilding.
Prior to founding Asgaard Capital, Mr. Reardon was a Partner in the investment banking division of Carl Marks & Co., the middle-market merchant bank headquartered in New York. Before that, he was a Director with Houlihan Lokey Howard & Zukin and a member of their globally recognized Financial Restructuring Group. He led Houlihan’s Distressed M&A Practice in the mid-Atlantic region. Mr. Reardon began his career on Wall Street with the legal firm of Lane & Mittendorf (now Windels Marx Lane & Mittendorf) specializing in corporate finance, general corporate and real estate law.
A frequent industry speaker and expert panelist, Mr. Reardon holds Series 7, Series 79 and Series 63 licenses with FINRA. He is a member the National Association of Corporate Directors, and has served on the boards of a number of public and privately held companies. Mr. Reardon holds a B.A. with highest distinction from the University of Virginia and a J.D. from Yale Law School.
• Charlie is a candid, trustworthy, and committed advisor that just gets things done. He can boil down complex concepts and situations in order to drive deliberations, reach necessary agreements, and take the most prudent course of action for the good of the Company and/or its constituents.
• Due to his extensive financial, legal, and operating experience, Charlie brings to bear a skillset that few other professionals can match. The breadth and depth of his experiences allows him to effectively collaborate with all manner of financial and legal professionals, and give deeply-informed counsel tailored specifically to his client’s unique circumstances.