Finance
From Restructuring to Acquisition: BrightIron Supports WorldGaming’s Exit
Supplementing a CFO and adding capacity at a critical time
Introduction
WorldGaming, an online gaming platform, was navigating a critical restructuring phase and needed support executing its strategic initiatives and defining its next chapter. BrightIron teamed up with WorldGaming’s CFO to help guide the company smoothly through the restructuring process and set the stage for successful future M&A activity.
The Challenge
WorldGaming faced a pivotal corporate restructuring and required expert support to effectively restructure their capitalization table, manage outstanding accounts payable, and optimize strategic partnerships. Additionally, WorldGaming needed a robust financial planning and analysis (FP&A) function to guide strategic decisions, as well as experienced assistance navigating complex financing activities and M&A processes.
Our Solutions
BrightIron stepped in to partner closely with WorldGaming’s existing CFO, successfully guiding the company through its corporate restructuring. Our team methodically restructured WorldGaming’s capitalization table, streamlined accounts payable, and provided strategic advice on key partnerships, positioning the company effectively for the chapter ahead.
We created and managed WorldGaming’s FP&A function, enhancing strategic decision-making with clear, actionable financial insights. BrightIron also provided expert guidance throughout critical financing activities and offered comprehensive support during the company’s M&A process.
Ultimately, BrightIron’s strategic support was instrumental in WorldGaming’s successful acquisition by Cineplex.
“Mandeep was a key member of my management team at WorldGaming. He brought a level of financial insight that was critical in ensuring the Company made decisions knowing the associated financial impact. His ability to analyze, strategize, and execute were critical to the Company’s rapid growth and success.”
Rob Segal
CEO, WorldGaming
