Virtas Partners, Seaker Group Join to Help Retail Clients Struggling with Overhead Costs Due to COVID-19 Restrictions

by Katie Sloan

Chicago — Virtas Partners has joined in an alliance with The Seaker Group to help retail clients struggling with excessive overhead costs amid continuing restrictions on retailers due to the COVID-19 pandemic.

“We are bringing together The Seaker Group’s insightful approach to analytics with Virtas Partners’ deep experience in restructuring and debt placement, and in real estate development and management,” says David Kirshenbaum, managing director at Virtas Partners.

“Together, we will provide the support businesses need to optimize their real estate portfolio to reduce their cost structure. In hostile operating environments, businesses may need to restructure debt and lease obligations to survive. Lenders and landlords are often receptive to negotiation to avoid having another loan default or lease go unpaid in these challenging times.” 

Virtas Partners is a Chicago-based boutique consulting firm that helps clients navigate acquisitions, divestitures, carve-outs, accounting investigations and restatements, restructurings and capital placements. The Seaker Group is a Boise, Idaho-based strategic advisory boutique and think tank leveraging data analytics to serve clients throughout the retail sector.

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