Back to Issue Archive

March 2019

Specialty Lending
Vol. 17 No. 2
Click Here To See Other Issues

COVER STORY

FASHIONING A SUCCESSFUL TURNAROUND: AlixPartners Restores Fashion House BCBG to its Winning Ways - The fashion industry is fickle at the best of times, and combining a fashion brand with retail stores is proving a recipe for disaster. AlixPartners was called in to save BCBGMaxAzria. Thanks to a dedicated turnaround team led by Holly Etlin and a nimble professional team, the company passed through Chapter 11 and has moved on to a successful second life.

FEATURES

From Fringe to Mainstream: The 2019 Fintech Roundtable - As fintech companies start counting their birthdays in the double-digits, both traditional lenders and regulatory bodies have had to accept the world rapid online lending has created. Ken Brause of OnDeck, Eyal Lifshitz of BlueVine and Sebastian Rymarz of Fundbox sat down with ABF Journal to take stock of the past decade or so in the fintech world, discuss some of the changes seen in 2018 and speculate on what the future may hold for the industry.

Buyers are Hungry but Sellers are King: 600 Companies Still See a Seller’s Market - Citizens Bank’s latest survey on mergers and acquisitions shows an active market where sellers still have their choice of potential buyers. Ralph Della Ratta breaks down the results and provides reasons on why the market continues to look rosy even as many companies become more cautious of a potential economic downturn.


Honoring the Past to Celebrate the Future: The CFA Rebrands as the Secured Finance Network - The Commercial Finance Association made a big splash at the end of 2018 when it announced its intention to rebrand as the Secured Finance Network. But, as CEO Rich Gumbrecht and President Dave Grende explain, the rebranding is just the latest in a series of moves to reflect where the organization actually is, as opposed to where it had been.

TURNAROUND CORNER

A Case Study from the Auto Parts Industry - A restructuring can seem overwhelming at the onset, especially in the wake of a potential bankruptcy or sale. Patrick Walsh breaks down how a turnaround can be accomplished step by step, showing how even a troubled company can find stability in as little as three months.

SPECIALTY LENDING

Who is the SOFA King? - SOFAs originated in the non-bank ABL sector as a way for independent firms to differentiate themselves from bigger banks. But, as Charlie Perer writes, with more and more bank-ABLS embracing SOFAs, it is the large institutional lenders that have been crowned the SOFA kings

If you have questions regarding ABF Journal content, email news@abfjournal.com.