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.
If you have a question that we don’t address, please let us know by contacting Leslie Glassman. And be sure to sign up below for our newsletter so that you don’t miss the next in our series.
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The US corporate sector in general, and Private Equity portfolio companies in particular, face significant upcoming financial challenges due to a wall of impending debt maturities totaling $700 billion through 2026 and nearly $2 trillion through 2028. These payments will have to be addressed, and concerns about an impending recession or runaway inflation compound the problem.
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 with other industry thought leaders on the current economic situation facing companies in the United States.
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,…