Novo Advisors was really hands-on. They had a good team that went in and quickly got to the bottom of cash flow; they started managing the expenses and all the financials. After management was let go, they stepped in as CEO and CFO.
Novo Advisors got the company functioning well enough with new processes and a new management team, then grew the business. With that growth and increased cash flow, we were able to finally sell the company, returning our complete investment and realizing a gain.”