Attention:

How Investors Evaluate Distressed Deals


Level: Intermediate
Runtime: 61 minutes
Recorded Date: December 06, 2019
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Agenda

  • Distressed Hotels Deals
  • Distressed Real Estate Deals
  • Distressed Restaurant Deals
  • Distressed Retail Deals
  • Selling Technology Company Assets
  • Distressed Investing in the Healthcare Sector
  • Investing in Energy Markets
Runtime: 1 hour
Recorded: December 6, 2019

Description

Restructuring professionals deal daily with distressed transactions involving all industries, shapes and sizes. Distressed investors are critical drivers of the restructuring industry and the U.S. economy as a whole. What drives distressed investors? How do they evaluate potential distressed targets?

This panel consists of distressed investors and professionals representing distressed investors who evaluate these assets and close these deals.

This program was recorded on December 6th, 2019.

Provided By

American Bankruptcy Institute

Panelists

James Gansman

Managing Member
Rock Creek Advisors, LLC

James Gansman is a managing director at Rock Creek Advisors LLC in New York and has been involved in more than 150 transactions (valued in excess of $17 billion) representing lenders, debtors and purchasers across various industries, including retail, consumer products, SAAS and medical devices. He is a foremost expert in assignments for the benefit of creditors.

Previously, Mr. Gansman was a managing director at Sherwood Partners, where he opened and led its New York practice. He also a partner for 12 years at a Big 4 accounting firm in its Transaction Advisory Practice.

Mr. Gansman received his A.B. in accounting from Tulane University Freeman School of Business.

Jennifer M. Meyerowitz

Managing Director
Summit Investment Management, LLC

Jennifer M. Meyerowitz is a managing director of Business Development at Summit Investment Management LLC in Atlanta and leads the company’s restructuring business-development efforts. She has 15 years of experience in bankruptcy, restructuring, and settlement administration as an attorney, consultant and company leader.

Ms. Meyerowitz previously spent eight years in business development leadership roles, most recently serving as the vice president of business development for a chapter 7 trustee legal technology start-up, where she managed the sales team and served as the liaison between clients and operations. Prior to that, she was a vice president for a global legal technology and services company, with responsibility for development, legal consulting and strategic communications, compliance and logistics, and case-management functions for the company’s bankruptcy and restructuring settlement services.

Ms. Meyerowitz began her career as a practicing attorney at Alston & Bird LLP, where she represented debtors, secured and unsecured creditors, creditors’ committees and trustees in complex workouts, debt restructurings, commercial litigation and chapter 11 bankruptcy proceedings for nearly 10 years.

An ABI Board member, she received her B.A. from the University of Michigan and her J.D. from Emory University School of Law, where she was executive notes and comments editor for the Emory Bankruptcy Developments Journal.

Michael A. Teplitsky

Managing Director
Wynnchurch Capital

Michael A. Teplitsky is a managing director with Wynnchurch Capital in Rosemont, Ill., and has more than 15 years of experience in private-equity investing and corporate finance, as well as in investment origination and portfolio management. He focuses on the diversified-industries sector, including business services, manufacturing, transportation, distribution and natural resources. Mr. Teplitsky was involved in the execution of several Wynnchurch investments, including NSC Minerals, Northstar Aerospace, Rosboro, Texas Hydraulics and U.S. Pipe.

Previously, he was with Lime Rock Partners, a $6 billion global private-equity fund, where he was involved in the execution of numerous basic material-sector investments across North America and Europe. Mr. Teplitsky began his career at UBS in its Investment Banking Department in New York, where he was involved in a number of mergers, acquisitions and financings across various industries.

Mr. Teplitsky received his B.A. from Northwestern University and his M.B.A. from the Kellogg School of Management.

Ronald E. Gold

Member
Frost Brown Todd LLC

Ron concentrates in finance and reorganization law, primarily in the area of bankruptcy and out-of-court workouts. Ron actively represents corporate debtors, borrowers, secured lenders, landlords, creditors’ committees, court appointed receivers and automotive customers in bankruptcy proceedings, restructurings and out-of-court workouts. He represents purchasers of entire businesses or business segments both in and out of chapter 11 and regularly counsels equity funds in matters involving distressed real estate. Ron also serves as outside general counsel for corporate clients.

Ron served on the firm’s Executive Committee from 2009 through 2016. In addition, he has also served as Chair of the Bankruptcy & Restructuring Practice and Vice-Chair of the firm’s Corporate/Business Department.

Leon Szlezinger

Managing Director
Jeffries LLC

Leon Szlezinger is co-head of Jefferies LLC’s Restructuring Department in New York and has more than 25 years of professional experience advising troubled companies and their stakeholders. He has advised company management and boards, secured lenders, bondholders and equityholders in bankruptcy matters and out-of-court restructurings in the U.S. and overseas. Mr. Szlezinger has also provided assistance to underperforming businesses and potential acquirers of distressed assets/entities, and has advised clients on general business issues. His industry specialization includes health care, industrial, real estate, energy and aviation, and he has advised significant stakeholders in such restructurings as Energy Future Holdings, Momentive, KV Pharmaceutical, American Airlines, Eastman Kodak, Quebecor, Delphi, Enron, Parmalat and Federal Mogul, having testified on numerous occasions.

Prior to joining Jefferies, Mr. Szlezinger was a senior managing director at Mesirow Financial Consulting and a corporate recovery partner at KPMG and PricewaterhouseCoopers. A former co-chair of ABI’s Investment Banking Committee, he has frequently been recognized as a top restructuring advisor by The Deal, has been included in the K&A Restructuring Register, been listed in the Bankruptcy Insider as a top creditor advisor, and was featured in Turnaround & Workouts’s “People to Watch.” He also received the 2014 Mega Turnaround of the Year award from the Turnaround Management Association.

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