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.
25th Annual Southwest Bankruptcy Conference
September 7-9, 2017
Deloitte CRG is pleased to be a sponsor the American Bankruptcy Institute’s 25th Annual Southwest Bankruptcy Conference, September 7-9, 2017, in San Diego, California. Catch up with Tim Skillman, Todd Patnode, and others at the event.
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CHC Group Ltd.
Deloitte facilitates a favorable ruling to approve assets transfer of the parent company to a global helicopter services group, which primarily provides transportation to the offshore oil and gas industry, as well as search and rescue services, leading to a successful restructuring outcome for CHC Group Ltd. and associated entities.
Challenges facing the energy, shipping, and retail industries
By Kirk Blair
The restructuring market has been tumultuous during 2016. This year saw many filings within the oil & gas sector, as well as several high profile shipping and retail filings. Through the next six to 12 months, continued activity is expected in the energy, shipping, and retail industries as we face uncertainty related to global markets, political changes, and technological disruption.
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.
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.
Outdoor Apparel Manufacturer
Deloitte CRG recently completed a company side advisory engagement for one of the United States’ oldest outdoor apparel manufacturing companies. In its role as financial advisor, Deloitte CRG played a leading role in identifying cost reductions and brand rationalization opportunities in addition to developing the foundation for improving the company’s packaging and shipping logistics.
Deloitte CRG news
We are pleased to announce that two 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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