Key takeaways
Host: Guy Langford, partner, Deloitte & Touche LLP
Presenters:
Michael Epstein, principal, Risk & Financial Advisory
Anthony Jackson, principal, Risk & Financial Advisory
1 Overview CPE | Specialized Knowledge
For many companies, COVID-19 required crisis management and liquidity optimization, all while adjusting to the new work-from-home shift. As the path to recovery begins, businesses cannot forget the lessons and processes forged during this crisis over the past year. By introducing a chief liquidity officer to the C-suite, you can add cross-functional value to the business. We’ll discuss:
- The chief liquidity officer role: from authoritative functionality to strategic planning
- Expanding your EBITDA culture to one that includes a cash mindset
- Working capital trends and their role during the pandemic
Meet the speakers
Michael J. Epstein
As global leader for Deloitte’s Special Situations practice, Michael Epstein spends his time primarily in the organization’s New York office. His practice is centered on crisis management, financial advisory services, and insolvency consulting activities in both middle-market and large transactions. Michael has been an integral part of the organization and its predecessors since 1989. Michael works with management teams, creditors, creditors' committees, and boards of directors in many aspects of distressed businesses, operational re-engineering, and financial restructuring. A few notable engagements include: Restructuring adviser for a $500 million global contract manufacturer Restructuring adviser for a ₤3 billion (debt) global media company Chief restructuring officer (CRO) for a $200 million consumer goods direct sales organization Turnaround adviser for a $750 million manufacturer of specialty apparel Adviser to a Dutch media company in their efforts to acquire an insolvent US competitor Post-restructuring board member for a medical communications and events management company Financial adviser to post-restructuring beneficial owners for a $400 million capital goods manufacturer Restructuring adviser for a $500 million global contract manufacturer Provided borrower representation and served as board director for a $100 million national specialty retailer Financial adviser to a multi-bank syndicate for a $300 million distributor of CATV and electronics parts Managing agent for a $400 million small-ticket leasing company CRO for a $150 million national provider of marketing consulting, management training, and HR-led services Previously, Michael was chief executive officer (CEO) of the largest provider of software solutions for specialized asset-based finance and back-office support for lease administration. Michael helped found that company's first business unit outside the United Kingdom and held a board seat for the parent company for nearly six years. Publications In 2017, Michael was inducted, as a fellow, into the American College of Bankruptcy. He is the author of In Maine Today Media, Communication Key, Buyouts Magazine, July 15, 2013; Own up to The Truth, MediaWeek, September 2010; Furthering Insolvency, Institutional Investor Corporate Governance Guide, October 2003; and Beyond Investor Relations: Communicating with Stakeholders in a Crisis, Investor Relations, spring 2003 Education BS, Tufts University MBA, Wharton School at the University of Pennsylvania
Anthony J. Jackson
Anthony Jackson has more than 20 years’ experience advising clients on debt restructuring, working capital improvements, vendor diligence, liquidity and cash flow modeling, store closure analysis, contract assumption/rejection process, and business restructurings. Jackson also serves as the leader of Deloitte’s Aviation practice in the United States and is one of the leaders of Deloitte’s Liquidity Management and Working Capital & Liquidity Services practice in the United States.
Dbrief resources
