AlixPartners Promotes 24 to Managing Director
AlixPartners promoted 24 staff members to managing director. The promotions, which span all of AlixPartners’ service areas and geographies, are effective immediately.
AlixPartners promoted 24 staff members to managing director. The promotions, which span all of AlixPartners’ service areas and geographies, are effective immediately.
AlixPartners conducted its annual survey of restructuring professionals, with the results predicting continued distress in retail and more activity in the healthcare, restaurant and power industries. Tax reform, the survey said, is a wash.
AlixPartners appointed Richard Lee as a managing director in the firm’s Financial Advisory Services practice. He will work from the Dallas office.
The Bon-Ton Stores amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the company with immediate flexibility and substantial additional liquidity under its current credit facility.
Reuters reported that U.S. department store chain Bon-Ton Stores hired advisory firm AlixPartners to help turn around its business and slash its debt load.
Money laundering is the process of making illegally obtained money appear legal. These funds may be used by drug cartels or to fund terrorist activity. The U.S. has instituted strict regulations against money laundering and billions of dollars in fines have been levied against financial institutions that have failed to comply. Sven Stumbauer offers guidelines to help companies abide by the regulations and be more aware of the potential for illegal activity.
According to a study conducted by AlixPartners, 2017 could be one of the toughest years in decades for offshore supply vessel companies as lower demand, shorter charter contracts and reduced rates impact the players.
Gymboree secured commitments for $35 million in new-money debtor-in-possession financing from a majority of its existing term loan lenders and up to $273.5 million in additional DIP financing from the existing lenders under Gymboree’s asset-backed loan credit facilities.
From the challenges of technology, delivery and labor costs, to sparse growth possibilities, the restaurant industry faces a defining moment, according to a recent AlixPartners study.
AlixPartners will be honored with six awards at the 11th Annual M&A Advisor Turnaround Awards ceremony on March 23 in Palm Beach, FL.