Troll Communications, LLC Division: Phoenix Capital Resources, Phoenix Management Services Client Troll Communications, LLC was a $45 million New Jersey-based publisher and marketer of children's books. Problem The Company had experienced a rapid and substantial decline in revenues, and was losing market share to its largest competitor, Scholastic, Inc., at an alarming rate. Phoenix quickly determined that at the depressed revenue levels it was not possible to restore the Company to profitable performance. Further, in the absence of a substantial cash infusion, Phoenix also determined that the Company could not continue as a going concern. Solution Phoenix worked closely with the equity sponsors and management and sought a strategic partner to acquire Troll. The company entered into an ass

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