Trusted by sponsors, corporate management and investors

Our work begins when the playbook runs out.

Transactional advisory. For boards, companies and investors in challenging situations that demand skill, clarity and conviction.

Book Consultation
  • Chief Restructuring Officer
  • Chief Transformation Officer
  • Chief Liquidation Officer
  • Litigation Trustee
  • General Transaction Support
  • Fractional Business Support

Three Disciplines, One Solution

A combination of structural architecture, crisis operations and investment strategy.

A Structural Architect

Knows, intuitively, structures to make things happen. Understands rights, risks and opportunities often missed. Identifies the fulcrum issues. Manages supporting functions to deliver results that work — rapidly, at minimal cost.

A Crisis Operator

Steps into situations under extreme conflict as CRO, in radical transition as CTO, or as a trusted advisor in a fractional capacity. Makes calls others won’t. Identifies and roots out toxic elements so organizations can rebuild. A partner in implementation.

An Investment Strategist

The discipline and mindset of deploying significant capital — knowing what something is worth when others are panicking. Planning and accountability — and maximizing options. 30+ years across venture and distressed positions.

THE GUIDING PRINCIPLE

Every situation has its unique path through. The challenge – find it before the maze closes.

Read more about our work

Selected Transactions

Rewriting the playbook to meet the challenge.

Select representative engagements across restructuring, transformation, liquidation and special situations. Each began as a unique situation, with unique challenges, where standard tools would not deliver the solution.

  • Ongoing

    Chief Restructuring Officer

    Titan Transportation

    View Engagement

    Situation

    Freight market collapse. Equipment finance costs running $2.5M a month against a rapidly contracting revenue base.

    Outcome

    Equipment preserved through a rapid Chapter 11 restructuring. Equipment cost reduced by half. 40% of defunct equipment disposed of.

    Read the full case study
  • Closed

    Chief Transformation Officer

    Loot Crate

    View Engagement

    Situation

    A multi-line subscription business suffering contraction and escalating CAC. A working capital crisis with unsupportable legacy costs and liabilities. Attempted insider takeover destabilizing management.

    Outcome

    Sale closed in 45 days through Delaware bankruptcy court, against an industry expectation of 90 to 120 days. $9M recovered through litigation. Managed complex transition to a structured dismissal.

    Read the full case study
  • Closed

    Chief Liquidation Officer

    Performance Sports Group

    View Engagement

    Situation

    A hasty pre-arranged sale that locked in minimal value for equity. Hundreds of millions in alleged claims, most without basis. Potential litigation recoveries. Cross-border complexities and delays.

    Outcome

    Claims resolved to achieve per share recovery for equity holders, at top of the predicted range. Effected interim distributions to increase shareholder returns. Litigations resolved and settled.

    Read the full case study
  • Closed

    Special Situations Advisor

    Energy XXI

    View Engagement

    Situation

    Complete collapse in the oil & gas complex, strongly impacting this offshore driller. Structurally senior bonds trading at massive discount with a proposed plan to steamroll holders from a recent acquisition.

    Outcome

    Bonds purchased at roughly 1.5¢ traded up to approximately 30¢ on the dollar following the resolution — on the order of a 20x move in about four months. Substantial contribution fee award by the court.

    Read the full case study
Portrait of Mark Palmer

About Mark Palmer

The critical skill-sets…
in a single solution.

Theseus Strategy Group aligns the key skill sets in a unified offering:

  • A leading partner, practice-leader and experienced structural architect.
  • A crisis and turn-around operator managing under fire.
  • An investment strategist who sees the value proposition, understands what capital providers seek and whose work has set precedent, made law and helped mold modern markets.

Mark E. Palmer Founder & Managing Director

Read the full background

The Framework

The basic organizing principles drawn from lessons learned.

Bring new perspectives.

The work begins after many others have left the scene. We re-evaluate assumptions and refine perspectives. Boards in crisis, funds trapped, companies mired in expensive and intractable dilemmas. That’s often our entry point.

Find driving principles.

Every labyrinthine problem has root causes. Can we find the patterns and conviction to solve them? The age-old culprits: toxic incentives, hostile counterparties, negative cycles, delayed decisions. We work to identify them and navigate through.

Preserve your options.

In uncertain and evolving situations, options and off-ramps are key. Any plan needs alternative paths to success. We devise ways to adjust the approach and adapt – to keep our options open. Experience, discipline, conviction and sequence… that’s a proven method.

Selected Prior Engagements

Standard Pacific WorldCom Nortel TOUSA Quility Global Aero Logistics Ormet Aluminum and others under NDA

Specific outcomes available on request.

Begin a conversation

If you’re reading this, you may be facing a vexing challenge.

The conversation is confidential, and it can start today.

Book a Consultation

Our Services

  • Restructuring Advisory

  • Complex Transactions

  • Liquidations/Litigation

  • Special Situations

  • Fractional Support

Contact Details

Dallas, Texas

(646) 696-9029

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