Solic Capital details new investment banking and restructuring team

By Tali Rackner

Minneapolis, Jan. 15 - Solic Capital announced the completion of its distressed asset management and financial advisory firm platform with the transition of Navigant Capital Advisors' investment banking and restructuring group into an affiliate of Solic, forming Solic Capital Advisors, LLC, according to a press release.

Edward R. Casas and his team of professionals formed Solic in 2012.

The release said that the purpose of Solic's formation was driven by client demand since Navigant typically provides consulting-related services, not capital deployment in distressed situations.

Solic comprises three components:

• Solic Capital Advisors is a boutique investment bank that provides merger, acquisition, divestiture and restructuring advisory; capital placement; and valuation services to corporations, institutional investors and other constituents;

• Solic Capital Management is the principal investing arm of Solic. It focuses on control or influence positions in middle market companies requiring operational rehabilitation and/or capital restructuring; and

• Solic Capital provides a solutions set to investors, lenders and creditors in the management of distressed assets resulting from failed financial institutions, poorly performing hedge funds, and troubled private equity portfolios.

The firm is based in Chicago.

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