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.
Deloitte Dbriefs–Beyond the canned solution: The recipe for strategic performance improvement results
February 17, 2016
Kevin Barrentine will speak on the upcoming Deloitte Dbriefs Webcast–Beyond the canned solution: The recipe for strategic performance improvement results. Register today for this complimentary webcast that will focus on using customized performance improvement tools and processes to create a clear line of sight from business objectives to strategic value and risk.
5th Circuit Bankruptcy Bench-Bar Conference
February 24-26, 2016
William Snyder is scheduled to attend the upcoming 2016 5th Circuit Bankruptcy Bench-Bar Conference. The event, organized by the Center for American and International Law, will be held in New Orleans, Louisiana this coming February. William will be speaking on the “Oil & Gas–Hot Issues and Recent Cases” panel.
INSOL International Mexico City One Day Seminar
March 1, 2016
William Snyder will speak on the panel “Clear as water: Transparency and fairness are critical to a restructuring” at the INSOL International Mexico City One Day Seminar. The panel will focus on the importance of transparency and fairness in all acts taken by the Board of Directors before and during an Insolvency or Concurso Process, including any sale of assets.
Transaction Advisors Chicago M&A Conference
March 3, 2016
Kevin Barrentine will speak on “Post-Close Integration Performance Improvement” at the Transaction Advisors Chicago M&A Conference. This technical conference provides private equity investors, business owners, and corporate executives with perspective and practical insights on the latest strategies for evaluating and structuring corporate transactions.
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.
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.
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.
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.
Consumer Products Company
Deloitte Corporate Restructuring Group (“Deloitte CRG”) was retained by a consumer products company that saw a steep drop in revenue and profit after several consecutive years of rapid revenue growth. The decline in EBITDA was the result of both intensifying competition and the Company’s failure to launch a new product in 2015 after a string of hits. At the behest of the Company’s lenders, Deloitte CRG prepared an assessment of management’s 2016 business plan and will be advising the Company through a loan restructuring and potential operational improvements, particularly in the area of product development.
A $2.5 billion1 leading manufacturer of technologically advanced printed circuit boards and custom electronic assemblies engaged Deloitte CRG’s performance improvement team to project manage the transition of their Mexico facility to China. The scope of the project includes final production, equipment transfer, and facility renovation and release.
1 Pro forma 2014 revenue including Viasystems
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.
As used in this document, “Deloitte Advisory” means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Transactions & Business Events
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