There is a whole new generation of private equity professionals who, heretofore, have known a business and economic environment where the living is easy: economic growth; artificially low interest rates; fawning lenders competing for their firm’s patronage and, relatedly, covenants that are incredibly generous. Things have changed fast and private equity firms need to pivot.
If your porfolio company is experiencing financial distress or the prospect thereof is keeping you up at night, you’ve come to the right place. We've published a series of articles to give straightforward answers to questions company directors and officers have – or should be asking.
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The following Op Ed, “”Restructuring With Debt Spring-Backs and Spring-Downs”” is Part Two of a two-part series in The Deal and was written by Gordian Group LLC president Peter Kaufman, partner David Herman and managing director Liam Ahearn.
The following Op Ed, “Never Let a Capital Structure Crisis Go to Waste” is Part One of a two-part series and was written by Gordian Group LLC president Peter Kaufman, partner David Herman and managing director Liam Ahearn.
Gordian Group’s Peter Kaufman and Henry Owsley recently co-authored an article, “Warnings Persist for Corporate Directors Evaluating LBO and Other Multi-Step Transactions,” for the Harvard Law School Forum on Corporate Governance.
Gordian Group’s David Herman, Peter Kaufman and Liam Ahearn recently penned an article for the Journal of Corporate Renewal (JCR)…
Private equity restructuring during a pandemic. Themes, trends and outcomes focused on protecting shareholder and owners interests.
This Mergermarket Distressed M&A Webinar addresses distressed as part of an M&A strategy, Whenever a downturn strikes, dealmakers start looking at distressed assets.
Gordian Group CEO Henry Owsley provides his thoughts on the current economic situation facing companies in the United States. Joining him in this Perspectives Discussion Series are Rick Mikels, Partner at Law Firm, Pachulski Stang Ziehl and Jones LLP and Ben Procter, Senior Partner at Private Investment Firm, The Watermill Group. Key topics covered in this discussion include: Are distressed companies facing the same challenges they did today vs. the 2008-2009 financial crisis? What effect has and could government stimulus and intervention have for the distressed market? The first wave of defaults have come from retail and energy sectors….
Creating advantageous restructuring tactics for debtors. Learn about Gordian Group’s novel “carrot” recapitalization strategy for shareholders & management.
Gordian Group’s Peter Kaufman on how PE Firms should think about Workouts and Restructuring in today’s healthcare environment in light of COVID-19.
There is a whole new generation of private equity professionals who, heretofore, have known a business and economic environment where the living is easy: economic growth; artificially low interest rates; fawning lenders competing for their firm’s patronage and, relatedly, covenants that are incredibly generous. Things have changed fast and private equity firms need to pivot.
Will Limited Partners Have Limited Understanding? Advising Private Equity Firms in This Crisis We are going through tumultuous, uncharted times. Many Private Equity firms are being pressed to come up with a coherent battle plan with incomplete and constantly-changing information. With respect to immediately stressed portfolio companies, firms need to address a myriad of questions like, “How can I extend my runway with creditors nipping at my heels?” and “What are my alternatives to bolster liquidity?” And for investments that have not been directly affected yet, but may still experience wrenching challenges from either government restrictions, employee dislocation, recession,…
Private Equity in the Time of Coronavirus Advising Private Equity Firms in This Crisis The past couple of weeks have been game-changing. The Coronavirus pandemic, the prospect of a full-blown recession and an earthquake in the capital markets have precipitated caused perfect storms for many Private Equity firms’ portfolio companies. It’s a full-blown panic out there. As a direct result, Sponsors are already seeking our advice about liquidity (how to find it, enhance it and create it); when and how to deal and negotiate with their lenders about impending defaults and covenant breaches and how to at least maintain,…