MAXIMIZING + MONETIZING VALUE

BUYERS | SELLERS | BROKERS

San Francisco | Los Angeles

WHAT WE DO

-SERVICES-

DISPOSITION

In order to get the highest recoveries for our clients, Onyx utilizes customized disposition strategies and multi-channel formats ranging from immediate liquidity through outright asset purchase, private treaty / negotiated orderly sales, supply chain redirection, on-site and web-based public auctions, to monetization through discrete channels.

SALE PROCESS

Financial distress arises from a variety of events, including overleverage, economic headwinds, liquidity issues and other challenges. The Onyx team works with distressed situations, both in-court and out of court, to achieve the highest risk adjusted returns for our clients and their clients. In doing so, Onyx executes efficient and strategic sale processes utilizing creative sale structures and innovative strategies that attract bidders and/or credible stalking horse interest by leveraging our vast database of strategic and financial buyers.

ADVISORY

We work extensively with Attorneys, CRO’s, Financial Advisors, Assignees, Trustees/Receivers and other restructuring professionals to advise them on the best strategy to monetize assets. The Onyx team has over two centuries of experience and expertise in structuring and executing orderly disposition strategies, capital investments, reorganizations, online auctions and valuation projects across the globe.

CAPITAL

To help provide immediate liquidity and critical time for more strategic decisions, Onyx has the ability to deploy significant capital for a single transaction, pre-fund disposition activities, an outright multi-asset purchase across a broad range of asset classes or provide DIP financing. This ability allows us to work flexibly with our clients as both a strategic and financial partner.

WHAT WE'RE DOING

-CURRENT & RECENT SALES-

Gritstone bio – Four Complete Facility Closures – Over $25,000,000 in Acquisition Cost


Three Separate Global Online Auction Events – East and West Coast Biopharmaceutical R&D Assets of a Clinical-stage American Biotechnology Company.


Northern California and Boston Area

Upcoming Sale

Molecular Templates, Inc. – Second Global Online Auction – Complete Facility Closure of a Clinical Stage Biopharmaceutical Company


Assets Related to R&D in Oncology and Other Diseases – Second Global Online Auction Opens Friday, February 21st and Closes Wednesday, February 26th, 2025


Austin, TX

Upcoming Sale

Spring Born – Complete Facility Closure – Hydroponic Lettuce Growing and Packaging Facility


Global Timed Online Auction – March 5, 2025


Silt, CO

Upcoming Sale

Real Estate Opportunity – Prime Los Angeles Area Development Site in the heart of Hollywood, CA


By order of the U.S. Bankruptcy Court – Central District of CA, LA Division Case #2:24-bk-10898-BR


Los Angeles, CA

Upcoming Sale

*SOLD*  All Inventory and Select Intellectual Property of Optronic has been Sold in a Short Notice Sale.  January 10th Auction Canceled. Information on the Remaining Intellectual Property, Domain Names and Remaining Assets Coming Soon.


Optronic – Meade Instruments, Orion Telescopes & Binoculars, and Coronado Solar Telescopes – Assignment for the Benefit of Creditors Offering


Watsonville, CA

Ongoing Sale Process

*SOLD* – CalPlant – Complete Facility Closure – By Order of the U.S. Bankruptcy Court – Case # 1:21-bk-11303 | CalPlant I, LLC


Over $380 Million Invested – Late Model MDF (Medium Density Fiberboard) Manufacturing Facility Launched in 2020.  Entire Facility & All Real Estate Sold to a Single Buyer – Negotiated Sale Completed in August 2024  

 


Willows, CA

Completed Sale Process

*SOLD* – Pirch – Over $20,000,000 of Inventory Cost – Factory Sealed, New In Box & Showroom Models – Kitchen Hardware & Bathroom Fixtures


By Order of United States Bankruptcy Courts Southern District Of California Case # 24-01376-CL7 – Four (4) Separate Southern California Auctions: August 6-16, 2024


Southern CA: Sante Fe Springs, Palm Desert, Oceanside & Vista

Completed Sale

*SOLD* Kelham Vineyards – Finished Case Goods and Bulk Wine Offering (40,000+ Cases & 10,000 Gallons of Bulk Wine)


SOLD BT ORDER OF U.S. BANKRUPTCY COURT – CASE # 23-10384 – OCTOBER 2024


St. Helena, CA

Completed Sale Process

*SOLD* OBX Racing Sports – Existing Channel, Negotiated Sale and Global Online Auction Event – Over $55,000,000 (MSRP) Inventory


Aftermarket Racing and Automotive Parts – Existing Channel and Negotiated Sale Event Followed by a Global Online Auction Event on October 16, 2024


Union City, CA

Completed Sale

WHAT WE KNOW

-ASSET CLASSES-

MACHINERY & EQUIPMENT

Onyx offers customized disposition strategies to recover the highest & best values on Machinery & Equipment. We have extensive and global experience in assets classes, ranging from aerospace & defense, food processing, semiconductor, supply chain fulfillment, to biotechnology.

INVENTORY

Onyx  has the ability to deploy significant capital for a single transaction, prefund disposition activities, or an outright multi-asset purchase across a broad range of asset classes. This ability allows us to work flexibly with our clients as both a strategic and financial partner while providing immediate liquidity.

REAL ESTATE

Real estate is a complicated asset. It can be a source of important value while also presenting legal challenges or liabilities. The Onyx team fully understands those components of risk / reward and helps our clients to properly mitigate liability risk while optimizing potential value.

INTELLECTUAL PROPERTY

Our experience & market knowledge unlock the meaningful values inherent to patents brands and other intellectual property. Our expertise provides the insight on how best to structure & market IP for its highest recovery. Whether that’s Onyx’s outright purchase of an IP portfolio, the redirection to a royalty / licensing model strategy or executing a competitive sales process, we aid our clients by maximizing latent IP value.

WHAT WE'VE DONE

-CASE STUDIES-

Representative Deals:

Amaranth Medical

San Mateo, Ca

Onyx prefunded and advanced the budget required to complete the sale process. The sale included substantially all of Amaranth’s assets, including intellectual property (patents, trademarks and clinical data).

Modern Times Beer and Coffee

Los Angeles

Onyx secured a Stalking Horse bid of $7.62 million and then procured additional overbidders to participate June 17th auction resulting in over 70 individual bids and a winning bid well over the initial stalking horse bid. The sale was completed and fully funded in October 2022.

Intarcia - Hayward Lab Assets

Hayward, CA

ONYX provided Intarcia with a financial minimum guaranteed recovery for the multimillion-dollar cost offering which featured the entire suite of state-of-the-art analytical laboratories located at Intarcia’s Hayward, CA manufacturing facility.

DrinkWorks

Bedford, MA & Williston, VT

DrinkWorks, a joint venture between Keurig, Dr Pepper and Anheuser-Busch InBev, provided home bar systems designed to prepare a variety of cocktails using proprietary Pods. Onyx provided DrinkWorks with a financial minimum guaranteed recovery and conducted a separate auction within weeks of each other.

IMAX Worldwide Home

CA, GA, NV, OK, NC, TX and Canada,

ONYX executed a multifaceted asset sale strategy that protected against brand erosion and maintained retail confidence and value in the company’s products and name.

JRV Group USA

Wilmington, DE

Onyx conducted separate, global on-line auctions of the fabrication and automotive assembly equipment contained within the JRV facility as well as for their after market and custom parts inventory.

WHO WE ARE

-TEAM-

Kevin Otus

K. KEVIN OTUS

Managing Partner

Paul Buie

PAUL D. BUIE

Managing Director

Steve Gross

STEPHEN J. GROSS

Chief Financial Officer

rick

RICK BRIGGS

Managing Director

Kyle Pesonen

KYLE PESONEN

Senior Director – Operations

TCraig headshot Onyx300

TYLER CRAIG

Director

Mark Appleget

Mark Appleget

Managing Director

Industrial

Paul Edstrom

Paul Edstrom

Managing Director

Investments

Hal White

Hal White

Managing Director

Resale

AREAS OF EXPERTISE

A sample of some of the diverse industries we have served are: