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.
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
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.
AIRA Annual Conference
June 3-6, 2015
Deloitte CRG is a sponsor at the Association of Insolvency & Restructuring Advisors (AIRA) 31st Annual Bankruptcy & Restructuring Conference. Be sure to look for Tony Sasso, Eric Danner, Michael Sullivan and other Deloitte CRG team members at the conference in Philadelphia this June.
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.
Dune Energy Inc.
Deloitte CRG serves as financial advisor to Dune Energy Inc., an oil and gas producer based in Houston who filed for bankruptcy protection in March. The company is restructuring certain operations and conducting a sale of substantially all of its assets.
Deloitte CRG was hired as the financial advisor to the Unsecured Creditors Committee of Dendreon Corporation to provide oversight and advisory support related to enterprise cash flow, financial operations monitoring, analytical support for various revenue forecasts, and recovery scenarios to the unsecured creditors. In addition, Deloitte CRG partnered with the National Bio-Pharmaceutical leader Deloitte LLP in Canada to provide industry expertise to Committee professionals related to potential sale strategies.
Deloitte CRG was retained by a not for profit historical medical library that has served physicians since its founding over 200 years ago. The not for profit engaged Deloitte CRG to evaluate its proposed plan to transform the library into a museum business model, including as assessment of the related financial investment, ongoing operating cost, and impact on future results.
Professional services company
A $1 billion+ professional services company engaged Deloitte CRG to provide technical accounting advice and valuation services in support of their emergence accounting effort.
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.
Transactions & Business Events
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Life at Deloitte
People make Deloitte one of the best places to work. What’s great about the people? That’s an easy answer. They are exceptional. Each person is unique and valued for that, among the best and brightest in the business, and takes pride in his or her achievements and the success of others.