4Kids Entertainment has chosen BDO Capital Advisors as its exclusive financial advisor and investment banker to help it through a Chapter 11 restructuring.
4Kids, together with certain affiliates, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of New York on April 6th, 2011.
"We selected BDO Capital to assist us based on their extensive knowledge and experience with the Chapter 11 process and their recent success in the children's media space," said Bruce Foster, EVP and chief financial officer at 4Kids.
BDO advised the debtor in the Chapter 11 filing of WordWorld, which resulted in an injection of fresh capital from a large investor.
Jeffrey T Varsalone, director at BDO Capital, stated: "We have already received reverse enquiries from interested parties. We are working with the company on refining the business model for the future, and together we are starting to reach out to key partners to discuss the restructuring and timing of the potential recapitalisation."
Foster continued: "We look forward to emerging from Chapter 11 well positioned to capitalise on future opportunities."