Attention:

Yes, You Need Them: The Value of Financial Advisors and Investment Bankers in § 363 Sales


Level: Intermediate
Runtime: 57 minutes
Recorded Date: December 06, 2019
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Agenda

  • Order of Optimism
  • Inflection Points and Perspectives
  • Process Summary
  • Threats to Success Mitigated by Professionals
  • Conclusion
  • Q & A
Runtime: 57 minutes
Recorded: December 6, 2019

Description

This panel will discuss the value and involvement of financial advisors and investment bankers in successful section 363 sales, as well as strategies for working with financial advisors and investment bankers to navigate negotiations of section 363 sale terms, maximizing recoveries, and handling ethical issues that may arise in section 363 sales.

This program was recorded on December 6th, 2019.

Provided By

American Bankruptcy Institute

Panelists

Ken Mann

Senior Managing Director
Equity Partners HG, LLC

Ken joined Equity Partners HG in 1995, then became managing Director and Senior Managing Director in 2004. Ken has personally handled the unique sets of circumstances and found appropriate and innovative solutions for more than 300 small to mid-sized businesses. Prior to joining Equity Partners HG, Ken built his experience from many different roles. The spectrum includes selling IPOs for a Wall Street investment banking firm, creating PR for major corporations and government agencies, and working in sales management for a travel services company.

Ken is an active member in ABI and is a member of the Asset Sales and the Investment Banking Committees. He has presented many workshops for ABI and TMA as well as Florida Bar and Mississippi Bankruptcy Conferences. He has been published in the ABI Journal, ABL Advisor, and ABF Journal. He has been an expert witness in numerous courts.

Ken is an avid cycler. He loves to travel, to read, and all water sports. He is an active leader for YMCA of the Chesapeake, the American Diabetes Association, and FACES which provides scholarships for a local high school. He and his wife have two grown daughters and live in Easton, MD.

Rachel Ehrlich Albanese

Partner
DLA Piper

Rachel Ehrlich Albanese is a partner with DLA Piper LLP (US) in New York and is experienced in representing secured and unsecured creditors, debtors, equityholders, purchasers of distressed assets, and other parties in interest in a wide range of restructuring matters, including cases under chapter 11 of the U.S. Bankruptcy Code, out-of-court workouts and cross-border insolvency proceedings. She is a contributing author of the Bloomberg Law: Bankruptcy Treatise and co-chairs the National Association of Women Lawyers’ (NAWL) Practice Area Affinity Group, Women in Bankruptcy & Restructuring. She also is a member of the International Women’s Insolvency & Restructuring Confederation and ABI.

After law school, Ms. Albanese clerked for Hon. John W. Bissell, Chief Judge of the U.S. District Court for the District of New Jersey. She is admitted to practice in New York and New Jersey, and before the U.S. Supreme Court and the U.S. District Courts for the District of New Jersey and the Eastern and Southern Districts of New York.

Ms. Albanese volunteers with ABI’s Task Force on Veterans and Service Members Affairs, which successfully advocated for the passage in 2019 of the HAVEN Act to help low-income veterans more easily weather economic hardship.

Ms. Albanese received her B.A. cum laude from the University of Pennsylvania and her J.D. from the University of Pennsylvania Law School, where she served as editor-in-chief of the Journal of International Economic Law.

Sheila Smith

Advisor
Gordon Brothers

Sheila serves as an advisor to Gordon Brothers. She has over 25 years of experience in financial advisory and restructuring services. Sheila retired in 2015 from Deloitte after serving in numerous leadership positions including Restructuring Service Line Leader for the Americas Region, Service Line Leader of the U.S. and the New England FAS practice. She has participated in hundreds of bankruptcy, restructuring, financial consulting, and §363 sell-side advisory engagements. She is considered a leading authority in the restructuring marketplace and has been recognized by numerous professional organizations including the American Bankruptcy Institute (ABI), Hugh O’Brian Youth Leadership (HOBY), International Women's Insolvency & Restructuring Confederation (IWIRC), New York Institute of Credit (NYIC), and Turnaround Management Association (TMA). Smith began her professional career as a special education teacher moving to Boston to get her MBA in Public Management. Thereafter she was a senior finance officer of a building materials company that failed, resulting in her introduction to insolvency.

Carrianne Basler

Managing Director
AlixPartner, LLP

Carrianne J.M. Basler, CPA, CIRA is a managing director based in the Chicago office of Alix- Partners, LLP. She has more than 25 years of financial consulting experience combined with handson management in the areas of contingency planning, contract negotiations, litigation management, treasury, business planning and risk management.

Ms. Basler has served in an advisory capacity to senior management in the areas of business plan feasibility and financial strategy, lender negotiations, reorganization plan development, divestiture strategies and post-confirmation administration. Her recent cases include serving on the management team for Motors Liquidation Company (aka “Old GM”) and advising the debtors of David’s Bridal, Pacific Drilling, C&J Energy, Altegrity, Eastman Kodak and Dana Corp. She most recently served as CFO of Aceto Corp. during its chapter 11 process. Ms. Basler is currently serving as the worldwide chair of the International Women’s Insolvency and Restructuring Confederation (IWIRC), and she is a member of ABI, the Turnaround Management Association and the Association of Insolvency and Restructuring Advisors. She regularly speaks and has published numerous articles concerning turnaround management and reorganization matters.

Ms. Basler received her B.B.A. in accounting from the University of Wisconsin.

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