Focus Management Group, a nationwide turnaround and restructuring firm, added Perry Kalajian as a senior managing director to meet the firm’s growing activity levels for its turnaround management team and corporate restructuring services.
Kalajian joined Focus Management Group with years of experience in finance, banking, restructuring and bankruptcy. He will serve as a senior managing director, heading up the operations and efforts of Focus Management Group in the Northeast, including the New York metropolitan area.
Kalajian has experience on the legal side of the turnaround and restructuring industry and experience in a variety of industries, including banking and financial services, healthcare and real estate. In the banking and financial services sector, Kalajian has advised major international banks and borrowers with respect to loan restructurings.
Kalajian’s healthcare engagements have included a medical diagnostics company that needed assistance with restructuring its loan and addressing its corporate reorganization. For this client, Kalajian led a multi-disciplined team in analyzing the debt and corporate structure as well as the workings of the business. This allowed the company to take the proper actions to address the problematic issues.
In the real estate sector, Kalajian led a large real estate restructuring, which required him to coordinate a large team of professionals with various talents in the analysis of the debt structure, the restructuring of the debt and the operations of the business.
Kalajian also has worked in the energy industry, where he was involved in a large bankruptcy case. The outcome in this case required Kalajian being involved in the continued operation of the business through the liquidation of its assets and the closing of its operations.
Kalajian has advised and negotiated for a private equity firm as well as creditors in the bidding and sale process of distressed assets in various industries, including the shopping mall and casino areas. Kalajian has experience sourcing replacement lenders, including restructuring the balance sheet of companies to improve both the companies’ prospects and the lenders’ outcome.
Kalajian has experience serving as counsel at multiple New York City law firms, where he closed more than 100 transactions. He has structured, negotiated, drafted documents for and advised lenders and borrowers on a range of domestic and international lending transactions. Kalajian has advised lenders and borrowers with respect to restructurings and workouts both inside and outside of formal bankruptcy proceedings.
Kalajian is a nationally published author in the area of mergers and acquisitions, including valuation, and has had numerous speaking engagements covering the areas of both law and business.
“Even amid the current coronavirus pandemic, FMG continues to grow our team of professionals to support the increasing demand for our restructuring practice. Perry has significant experience as a turnaround professional and will be a crucial part of increasing our presence in the world of workouts and restructuring,” J. Tim Pruban, CEO and founder of Focus Management Group, said. “Perry will help us continue to serve our clients with the dedication, understanding, and execution people have come to expect from Focus Management Group.”