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Beyond Bankruptcy … You’re Emerged … Now what?

The process of successfully guiding a company out of bankruptcy is not an easy task. It takes a strong team of players, a clever plan of action and a dogged commitment of stakeholders to make it happen. Once a company emerges, it does not mean it is out of the woods. Therefore, stakeholders should leverage the skills developed, plans constructed and relationships formed through the next phase of the cycle.

March 1, 2011 Rita Garwood

Frankly Speaking … Bankruptcy Attorneys Can Help Persuade Clients to make Tough Decisions

Distressed companies and their general counsel often don’t realize what kind of help they really need. The more corporate leaders and their counsel understand the benefits of enlisting bankruptcy attorneys early in the process, the better chance that they will take essential and timely actions to get the company back on track. In the end, forcing a frank conversation about a company’s trouble, coupled with bringing in bankruptcy counsel, is the right thing to do.

March 1, 2011 Rita Garwood

Back in Business: After a Rash of Bankruptcies, Retailers Are in Fighting Shape for 2011

Given what Spence Mehl calls “a bloodbath of bankruptcies” in the retail space in 2008 and 2009, last year brought surprisingly fewer bankruptcies than most had anticipated. And while bankruptcy still loomed heavily for nearly all the big chains in 2010, the difference was that retailers themselves executed their own top-to-bottom restructuring plans. But, Mehl warns, retailers aren’t out of the woods yet.

March 1, 2011 | | ABF Journal

The Grit of the Game … Offense Versus Defense Applies to More Than Just Sports

The period since 2008 has been marred with economic difficulties, recessionary trends and wariness in financial markets. As a result, there has been noticeably less M&A activity. However, looking at the deals that have been announced and consummated, it appears that the transactions over the past few years can be classified as either “offensive” or “defensive” in nature.

January 15, 2011 Rita Garwood

NewStar Business Credit: A CORE Acquisition Creates the ‘Newest Star’ in the ABL Firmament

Late last year, NewStar Financial announced it intended to add asset-based lending to its product offerings by acquiring CORE Business Credit, causing something of a positive stir in the commercial finance community. ABF Journal asked NewStar’s chairman and CEO Tim Conway and CORE’s Michael Haddad to discuss the rationale behind the acquisition.

January 15, 2011 | | Rita Garwood

M&A, Capital Markets Update: There’s Improvement for Sure, But We’re Years Away From the Glory Days of High Valuations

In the following article, Tim Stute, managing director and principal at Milestone Advisors, assesses 2010 in terms of merger and acquisition activity in the commercial finance sector. While such activity has increased in the later half of last year, valuations remained low due to lack of competition from banks. In looking forward to 2011, Stute expects steady improvement in M&A activity with modest, yet rising deal values for the near term.

January 15, 2011 Rita Garwood