Experience - Bridges Transitions Inc.
Bridges Transitions Inc.
Publicly-listed Bridges Transitions had built a successful business providing high schools in the U.S. and Canada with on-line resources for students planning their post-secondary education and career. The small size of the public float, an absence of research following and the narrow focus of the business led to a significant undervaluation of its shares in the market.
Alexander Capital was retained to execute a value maximization strategy. After reviewing alternatives and on Alexander Capital's advice, the Board decided to entertain proposals for a sale of the Company. Alexander Capital structured a process, prepared marketing materials and canvassed a broad array of strategic and financial buyers across North America. XAP Corporation of Southern California emerged as the successful all-cash bidder, giving shareholders a clean exit at a significant premium.