Alderman Completes Restructuring Engagement

DANBURY, Conn., May 19, 2016 /PRNewswire/ -- Today Alderman & Company® announced that it has completed its engagement as the exclusive financial advisor working on behalf of the largest shareholder and principal creditor of Rada Electronic Industries, Ltd. (NASDAQ: RADA).  Alderman and Company was retained by the law firm Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury") to provide exclusive investment banking services to the shareholder's and creditor's professional team tasked with restructuring and recapitalizing their ongoing financial interests in RADA.

Robert B. Robbins, the leader of Pillsbury's Corporate & Securities practice and lead counsel in regard to this engagement, commented "Alderman & Company provided outstanding financial advice to the restructuring team, in the areas of forecasting cash flows, valuing securities and developing creative financial solutions to enable our client to enter into a series of successful agreements designed to maximize their financial recovery."

About Pillsbury Winthrop Shaw Pittman LLP

Pillsbury is a full-service law firm with an industry focus on energy & natural resources, financial services including financial institutions, real estate & construction, and technology. Based in the world's major financial, technology and energy centers, Pillsbury counsels clients on global business, regulatory and litigation matters. We work in multidisciplinary teams that allow us to understand our clients' objectives, anticipate trends and bring a 360-degree perspective to complex business and legal issues—helping clients to take greater advantage of new opportunities, meet and exceed their objectives, and better mitigate risk. This collaborative work style helps produce the results our clients seek. www.pillsburylaw.com

About Alderman & Company®

Founded in 2001, Alderman & Company® provides strategic and financial advice to companies, and their shareholders, lenders, and other stakeholders, in the middle-market of the aerospace and defense industry. Alderman operates through three affiliated companies: Alderman & Company Advisors, LLC (registered investment advisor), Alderman & Company Capital, LLC (broker-dealer), and Alderman & Company Consulting, LLC (management consulting). All securities transactions are made through Alderman & Company Capital, LLC, a member of FINRA and SIPC and registered with the United States Securities and Exchange Commission. More about Alderman & Company® can be found on www.aldermanco.com

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SOURCE Alderman & Company