Gordian maintains a leading practice among investment banks in structured finance and complex securitizations.
- Gordian has a significant track record in the monoline insurance and structured finance arenas.
- We are highly experienced at analyzing risk and estimating losses on securitizations of various assets and uses this knowledge to help clients assess and mitigate losses related to these securitizations.
Over a long period of time, Gordian has represented various constituencies in several prominent credit situations, including MBIA and the State of Wisconsin Office of the Commissioner of Insurance.
In recent years, we have developed a significant practice in mortgage-backed securities.
| Ambac/Officer of Commissioner of Insurance | Regulator | CDO, CLO, RMBS, Structured Insurance |
| ANC Rental Corp. (Alamo/National Car Rental) | Securitization Creditor | Car Fleet Securitization |
| Heilig-Meyers | Securitization Creditor | Accounts Receivable Securitization |
| LTV Corp. | Securitization Creditor | Accounts Receivable and Inventory |
| MBIA | Insurer | Manufactured Housing Loans |
| Undisclosed State Insurance Regulator / Mortgage Insurer | Regulator | Mortgages |
| Undisclosed Monoline | Insurer | Second Lien RMBS |
| Spiegel, Inc. / MBIA | Securitization Creditor | Credit Card Receivable Securitization |
| Zale / Gordon Jewelry | Creditor | Accounts Receivable Securitization |
Leading practice among investment banks in structured finance and complex securitizations.
At Gordian Group, we are delighted to field these kinds of confidential inquiries.
To set up a call, please contact Leslie Glassman at ljg@gordiangroup.com.
Select Structured Finance Case Studies
MBIA/Manufactured Housing Exposure
Gordian Group advised MBIA with respect to its significant portfolio of manufactured housing-backed securitizations, including creating detailed waterfall models to analyze prospective credit impairments, monitoring portfolio performance, developing remediation strategies, and advising MBIA in its negotiations with the beneficiary of the secondary wrap.
Services: Restructuring & Debt Advisory, Structured Finance
Industries: Finance & Insurance, Real Estate, Hospitality & Gaming
Professionals: Dennis McGettigan, Henry Owsley
MBIA / Spiegel
Gordian Group acted as financial advisor to MBIA with regard to Spiegel’s bankruptcy, and the related securitizations.
Services: Restructuring & Debt Advisory, Structured Finance
Industries: Consumer/Food/Retail, Finance & Insurance
Professionals: Dennis McGettigan, Patricia Caldwell, Peter Kaufman
LTV Steel
Gordian Group acted as financial advisor to Abbey National Bank in connection with its $250 million accounts receivable securitization exposure to LTV, and which resulted in the successful full repayment of Abbey National’s claim at the end of the bankruptcy.
Services: Restructuring & Debt Advisory, Structured Finance
Industries: Metals & Mining
Professionals: David Herman, Henry Owsley, Patricia Caldwell, Peter Kaufman