Mirus provides valuation, testimony, in Bizfon case
In support of the debtor’s plan of reorganization, Mirus was retained to provide a valuation opinion to the stakeholders of Bizfon, Inc. Jamie Grant, a managing director of Mirus Capital Advisors, presented expert testimony in a hearing on the matter in the U.S. Bankruptcy Court, New Hampshire District. Bizfon Inc. is a three-year-old Salem, N.H., company that makes inexpensive office voice mail and call-routing systems for small businesses.
Bizfon provides small businesses the tools they need to transform the way their business communicates – with customers, employees and suppliers – through features such as built-in voice mail, automated attendant, and call forwarding. Bizfon strives to make purchasing and maintaining a telephone system as simple and affordable as possible. The Company found itself in financial trouble after failing to pay state sales tax on more than $10 million in equipment sold in over 20 states, and ultimately filed for bankruptcy when it was unable to meet its obligations.
About the Mirus Special Situations Group
Mirus provides investment banking solutions to corporate clients in distress, including divestitures, restructurings, and bankruptcy sales. Since 1987, Mirus has provided corporate finance advisory services to clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. For additional information, visit www.merger.com.Back to Transactions