Financial and Operational Turnaround, Oil Refiner
Reorganized and streamlined the production, procurement, and treasury functions of a private equity-backed distressed oil refiner in the Pacific Northwest, thereby reducing facility fees associated with a unique, complex ABL facility by over $10 million per month. Developed financial analyses, detailed operational models, and optimized inventory procurement practices. Turnaround resulted in successful divestiture of the asset to another private equity firm.
Financial Advisory, Section 363 Asset Sale
Led the construction and development of a $300 million home-product distributor’s business plan, including DIP and liquidation budgets, to successfully secure bankruptcy financing from a highly contentious bank group. The financing provided sufficient runway to secure a stalking horse bidder and ultimately consummate a §363 sale.
Operational Turnaround, Manufacturer
Conducted employee, customer, and SKU rationalization analyses for a children’s furniture manufacturer undergoing a restructuring. Successfully returned the entity to cash-positive and increased aggregate gross margins by 12.2%, which ultimately allowed the company to access its previously frozen line of credit.
Financial Advisory
Advised Administrative Agent and Steering Committee through the non-consensual takeover of a $600 million, 9,100-space underground parking garage facility. Negotiated with debtor regarding a new capital structure, ran RFP processes, and constructed rolling 13-week cash-flow models used to forecast liquidity.
Bankruptcy, Financial & Operational Due Diligence
Completed due diligence and integration analyses on the purchase of two bankrupt power plants, totaling 1,700 MW of generating capacity, in NYISO Zone G undergoing a Chapter 11 auction sales process. Advised the potential acquirer against trumping a $23 million stalking-horse bid, which was projected to provide inferior risk-adjusted returns.
