People

Elijah Kaplan

Deloitte Transactions and Business Analytics LLP

Senior Vice President | Deloitte CRG

Elijah Kaplan

New York - National Office

30 Rockefeller Plaza, 41st Floor

New York

NY

United States

10112-0015

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Elijah has more than 15 years of experience investing in and advising both healthy and underperforming companies in a variety of capacities. Elijah has led credit workouts in a number of out-of-court restructurings and has advised distressed companies on working capital and cash flow matters. Over his career, Elijah has structured, negotiated, and invested in DIPs and rescue financings.

A few notable engagements include:

  • Advised Liquidating Trustee of Lehman Brothers Inc. (LBI) through bankruptcy and liquidation proceedings with respect to all matters related to affiliated entities; led effort to map derivative and repo transaction flows between affiliates, which findings resulted in the identification of $1.5 billion of invalid claims brought by Lehman Brothers Holdings, Inc. (LBHI) against LBI; efforts resulted in negotiating favorable settlements with affiliates representing over $100 billion in claims
  • Advised the Unsecured Creditor’s Committee of Pemco World Air Services Inc.

Prior to Deloitte, Elijah focused on investing in and liquidating distressed and bankrupt retailers. He also invested in both private equity and private debt of troubled companies. During this time, he led 20 principal transactions and developed strong workout and restructuring experience, including:

  • Acquired a distressed UK retail and consumer products company through an $8.6 million equity infusion, where he helped formulate strategies that affected an operational turnaround; rationalized SKU base to more effectively meet market-based time constraints; analyzed manufacturing process to cut production time by two weeks; determined that the wholesale model was inefficient, resulting in an exit of that component of business; closed two unprofitable retail locations, reducing cost structure by 31 percent; and established a formal budgeting and forecasting process
  • Spearheaded two workout situations representing more than $40 million of invested capital
  • Managed an Article 9 sale process to yield an expected par recovery on $32 million of debt
  • Restructured $35 million in subordinated debt to allow portfolio company to remain solvent; crafted a restructuring plan that enabled the sponsor to retain control, while providing credit investor with a significant ownership stake and an expected par recovery under achievable enterprise value scenarios

Elijah is also a member of the Turnaround Management Association, the Commercial Finance Association, Association for Corporate Growth, and the National Retail Federation.

Education

  • B.S., Yeshiva University
  • M.B.A., Stern School of Business at New York University
Elijah Kaplan