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 that work. Understands rights, risks and opportunities. Identifies the fulcrum issues. Manages supporting functions - rapidly, at minimal cost.

A Crisis Operator

Steps into situations as CRO, in radical transition as CTO, or as a trusted advisor in a fractional capacity. Identifies and roots out toxic elements so organizations can rebuild.

Investment Strategist

The discipline of deploying significant capital - knowing what something is worth when others are panicking. Planning and accountability. 30+ years in venture and distressed positions.

THE GUIDING PRINCIPLE

Every situation has its unique path through. The challenge - find it before it 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 where standard tools would not deliver the solution.

  • Ongoing

    Chief Restructuring Officer

    Titan Transportation

    Situation

    Freight market collapse. Equipment finance costs running $2.5M with a contracting revenue base.

    Outcome

    Equipment preserved through a Chapter 11 restructuring. Equipment cost reduced by half. Defunct equipment disposed.

    Read the full case study
  • Closed

    Chief Transformation Officer

    Loot Crate

    Situation

    A multi-line subscription business suffering contraction and escalating CAC. A working capital crisis with unsupportable legacy costs. Insider takeover.

    Outcome

    Sale closed in 45 days through Delaware bankruptcy court. $9M recovered through litigation. Managed complex transition.

    Read the full case study
  • Closed

    Chief Liquidation Officer

    Performance Sports Group

    Situation

    A hasty sale that locked in minimal value for equity. Hundreds of millions in alleged claims. Cross-border complexities and delays.

    Outcome

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

    Read the full case study
  • Closed

    Special Situations Advisor

    Energy XXI

    Situation

    Complete collapse of oil - gas complex. Structurally senior bonds trading at massive discount with a proposed plan to steamroll pre-acquistion holders.

    Outcome

    Bonds purchased at roughly 1.5¢ traded up to approximately 30¢ following the resolution. 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 others have left the scene. Boards in crisis, funds trapped, companies mired in intractable dilemmas. We re-evaluate assumptions.

Find driving principles.

Every problem has root causes. The age-old culprits: toxic incentives, hostile counterparties, negative cycles, delayed decisions.

Preserve your options.

In evolving situations, options and off-ramps are key. Every plan needs alternative paths to success. We adjust and adapt.

Selected Prior Engagements

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

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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