Loeb & Loeb LLP advised GEE Group on the deal.
GEE Group completed an out-of-court recapitalization and financial restructuring.
The transaction eliminated over approximately $47 million in subordinated debt and mezzanine preferred stock financing. Over $40 million, pre-tax, has also been added to GEE Group’s stockholders’ equity.
GEE Group is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. The Company operates in two industry segments, providing professional staffing services and solutions in the information technology, engineering, finance and accounting specialties and commercial staffing services.
The Loeb team included Angela Dowd (Picture), Dan Besikof and Mitch Nussbaum.
Law Firms: Loeb & Loeb Llp;
Clients: GEE Group Inc.;