Hampshire orchestrates comprehensive balance sheet restructurings in cases where a company is burdened by an inappropriate capital structure. This is sometimes done by acquiring a significant portion of a company's debt and then converting some or all of the debt into equity, thereby providing the company with a more suitable capital structure. In other situations, we have negotiated a restructuring prior to consummating our investment. Following this type of restructuring, we assume the traditional role of private equity sponsor, working with management to develop and implement an overall business strategy and formulate the business' long-term goals.