Perspectives

CRG Newsletter

Hot topics and trends in corporate restructuring

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

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Upcoming events

PurpleStride New York 5k - THANK YOU!
We’d like to extend a huge THANK YOU to all Team Sheila supporters who contributed in some way - whether through a donation, fundraising efforts, attendance or any other form of support - to the Pancreatic Cancer Action Network’s PurpleStride 5k Run & Family-Friend Walk on April 11, 2015. We are proud to report that Team Sheila raised over $75,000 - with additional donations still being calculated - and Sheila Smith received special recognition at the event for representing the top fundraising team. Supporters came in from all over the US to participate in the 5k, including around 40 of Sheila's family, friends and colleagues. Check out a few photos from the event at our @DeloitteCRG Twitter account. Thank you for your support!


Sheila (in purple scarf) celebrating when Team Sheila was announced as the number one team

Debtwire Investors Summit
May 13, 2015
Deloitte CRG’s Craig Boucher will be participating on a panel focusing on Distressed Retail Credits at the 8th Annual Debtwire Investors Summit on May 13th in New York City.
Event Details

CFA Panel: Trends in Middle Market Lending
May 19, 2015
Deloitte CRG’s Rob Carringer will be participating as a panelist on the May 19th CFA panel focused on middle market lending. The event features a panel of leading professionals who will provide relevant middle market insights to the CFA community.
Event details

TMA Northeast Founders Awards Reception
May 28, 2015
The TMA Northeast Founders Awards Reception celebrates the men and women who formed TMA Northeast and helped turn it into one of the leading TMA chapters in the country. Please join Deloitte CRG in congratulating our very own Sheila Smith as she will be honored during the reception as one of the chapter’s founders.
Event details

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

Agriculture Business
Deloitte CRG has been engaged by a large privately held, fully integrated feed mill providing feed products to the commercial and consumer retail marketplaces. These products serve cattle, equine, deer, birds, and a number of small species. Deloitte CRG evaluated the 2015 -2020 business plans and current company operations to determine how to increase the cash flow and reduce the working capital requirements in order to boost return on invested capital (ROIC). We are working with the client’s operations and financial teams to install improved production management methods including pull/Kanban scheduling, shop floor production measurement boards, labor requirements planning and staffing, and workstation changeover reduction. Deloitte CRG guided management in a product line consolidation and pricing management. Additionally, the team is working to improve financial management through actual to plan reporting, improved payables and receivables management, and staffing/skill set capability assessments.

Specialty Retailer
A $200 million fast growing retail chain hired Deloitte CRG to assist them as they transition to a corporate infrastructure consistent with their growth plans. This includes support in their transition to more robust FP&A and reporting tools, along with identifying and optimizing key operating indices.

Food Company
A market leading agricultural and food company retained Deloitte CRG’s performance improvement practice. Recently acquired, the company requested operational advisory services to fulfill its growth initiatives. Deloitte CRG provided a tactical roadmap in both financial and operational areas to achieve the plan.

Explore additional noteworthy engagements at the 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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Scott Avila

Principal | Deloitte CRG

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William Snyder

Principal | National Leader | Deloitte CRG

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Louis E. Robichaux IV

Principal | Deloitte CRG

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