Provider of private and hybrid cloud solutions and customized managed services as an alternative to Big Tech providers, serving more than 160 active customers, the company offers a suite of hosting, managed services, and advanced security solutions
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Force 10 was engaged as the investment banker for Parlement Technologies to manage the sale of its non-debtor subsidiaries, Dynascale and Alchemy.
In October 2024, Parlement Technologies, Inc., a debtor in possession, engaged Force 10 Partners as the investment banker to manage the sale of its non-debtor subsidiaries, Dynascale and Alchemy, both specializing in cloud hosting, data center operations, and managed services. Leveraging its expertise in distressed technology company mergers and acquisitions, Force 10 conducted a comprehensive Section 363 sale process under the United States Bankruptcy Code, ensuring the efficient sale of assets free and clear of liens and interests. Force 10 executed an extensive marketing campaign, reaching out to approximately 362 potential buyers to participate in the sale process. Out of these, 46 parties expressed interest, and 29 executed NDAs, granting them access to a detailed data room. Force 10 facilitated management meetings and facilitated additional diligence with external professionals engaged by interested parties. Following an on-the-record auction, the assets were sold to affiliates of the secured lender, ensuring the highest value for stakeholders and satisfying the procedural and financial requirements of the bankruptcy court.
