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Deloitte CRG Newsletter

Hot topics and trends in corporate restructuring

The Deloitte Corporate Restructuring Group (Deloitte CRG) Newsletter addresses the current state and outlook for the Deloitte CRG practice, including recent engagements, announcements, case studies, and upcoming events.

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​Fireside chat with Deloitte CRG’s new Senior Lender Advisory Leaders

In January, Deloitte CRG added two experienced senior lender restructuring advisers to enhance the Deloitte brand primarily in the New York City-centered lender market. Sean Cunningham and Bob Frezza were hired to co-lead the NY based senior lender advisory effort which rounds out the third leg of the restructuring “stool.” Deloitte CRG has further enhanced its experience and leadership to provide world class restructuring services to debtors and creditors throughout the capital structure as well as provide a full suite of investment banking services globally.

Read the full fireside chat here.

Distress deals present growing opportunity for senior living buyers

Featuring Louis E. Robichaux

Mid-sized senior living providers that are looking to grow have opted to build rather than buy lately, in part because they’ve been priced out of the acquisition market. But these operators soon could be seeing more opportunities to expand their footprints by purchasing—if they’re willing and able to navigate the more complex types of deals around distressed properties.

Read the full article here.

Warning signs of distress revealed: Steering by analytics tools and forecasting tools

By Vipul Adlakha and Kyle Richter

 

External pressures coupled with lack of planning/forecasting can lead companies to distress. See how these turnaround professionals view analytics as a vital tool to middle market companies as well as the importance of establishing strong data governance and financial planning strategies.

Read the full article here.

Cultivating employees often overlooked in turnarounds

By William Snyder and Sugi Hadiwijaya

 

The relationship between turnaround professionals and their clients’ personnel is delicate. Their interaction occurs on a day-to-day basis under difficult circumstances. While turnaround professional embrace the dynamics of a turnaround environment, most clients’ personnel find the situation highly stressful.

Read the full article here.

Recent engagements

Hospital borrower
Deloitte CRG has been retained by a secured lender in connection with a challenged rural hospital borrower located in the Southwest. The hospital is constructing a replacement facility and found themselves facing a potential debt service capacity issue, as well as not maintaining compliance with certain requirements under the loan agreement. Deloitte CRG was retained to assist the lender in evaluating the borrower’s operations, near-term liquidity outlook and long-term debt service capacity. Deloitte CRG‘s dedicated health care industry professionals are leading this engagement.

Oil & Gas company
Deloitte CRG was engaged to evaluate the 2015 business plan and liquidity needs of a midstream oil and gas company operating in one of the major oil shale regions in the United States. The company experienced a decline in revenue after the drop in oil prices starting in late 2014.

HMC/CAH Consolidated
Subsequent to HMC/CAH Consolidated, Inc. et al confirming their bankruptcy plan of reorganization, Deloitte CRG was appointed as Plan Monitor, a post-confirmation fiduciary role. Deloitte CRG will be monitoring the reorganized debtors‘ compliance with various economic provisions of the plan of organization.

Explore additional noteworthy engagements at the Deloitte CRG featured engagements page.

Deloitte CRG news

We are pleased to announce that two new directors have joined Deloitte CRG to bolster our New York team. Sean Cunningham will lead CRG’s creditor rights practice. Bob Frezza will focus on financial restructuring and related advisory services.

Sean has more than 20 years of experience working directly for and providing restructuring advice and services to debtors, senior lenders, and unsecured creditors. He has advised lenders and companies in numerous complex Chapter 11 bankruptcy reorganizations, liquidations, and out-of-court settlements with a particular focus on advising senior lenders. Additionally, Sean has provided interim management services as chief restructuring officer (CRO) and chief operating officer (COO) of various entities.

Bob has more than 30 years of experience providing financial advisory services to clients across numerous industries in the US and Europe. He is highly experienced in leading creditors and debtors through complex restructuring engagements, both in out-of-court and in-court proceedings. Additionally, he has experience in M&A and refinancing transaction due diligence projects for private equity/hedge funds, private equity back portfolio companies, lenders, and acquisitive companies.

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Deloitte Corporate Restructuring Group (Deloitte CRG)

Deloitte CRG is a leader in helping organizations transform periods of financial difficulty into opportunities for rejuvenation.

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Principal | National Leader | Deloitte CRG

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