Raymond James expanded its recapitalization and restructuring investment banking practice by hiring Jacob Czarnick as a managing director. Czarnick will focus on restructuring and will use his knowledge of both company and creditor engagements to assist clients in navigating distressed transactions.
With more than 10 years of restructuring experience and 18 years of investment banking experience, Czarnick will provide clients with expertise in developing, negotiating and implementing balance sheet strategies that maximize recoveries for clients on an out-of-court and in-court basis. He was involved in cases including American Tire Distributors, Bonanza Creek Energy, Calfrac Well Services, Eastman Kodak, Foresight Energy, Global Eagle Entertainment and Pacific Gas & Electric, among others. He will partner with industry bankers across all sector verticals and serve as an additional resource to clients with a specific need for restructuring expertise.
“Jacob is a talented banker with a diverse skill set and cross-functional experience in a number of sectors that align well with Raymond James’ industry teams, making his advice and relationships incredibly valuable to our client base,” Geoffrey Richards, head of the recapitalization and restructuring investment banking team at Raymond James, said. “Jacob strengthens our team of 12 senior bankers as well as the specialized capabilities offered to companies and stakeholders contending with financial distress, including pre-crisis situations, out-of-court workouts and court supervised reorganizations.”
Based in New York City, Czarnick joined Raymond James from Perella Weinberg Partners. He has additional experience in M&A as well as the financial technology, financial institutions, healthcare and energy sectors from his previous positions at other firms.
“Raymond James has built a talented team of recapitalization and restructuring professionals,” Czarnick said. “The service offerings, platform and distinctive insights offered to clients is a real differentiator that I’m proud to be a part of.”