FTI Consulting Archives

FTI Consulting Adds Creger and Romano to Turnaround & Restructuring Practice

FTI Consulting appointed Cynthia Romano and Chris Creger to senior managing director roles in the turnaround and restructuring practice within the firm’s corporate finance and restructuring segment.

September 27, 2023 Chris Creger | Cynthia Romano | FTI Consulting | Michael Eisenband Ian Koplin

FTI Consulting Appoints Geertsema to Co-Lead Office of the CFO Solutions Practice in EMEA

FTI Consulting appointed Ralph Geertsema senior managing director and co-leader of the firm’s office of the CFO Solutions practice for Europe, the Middle East and Africa alongside senior managing director Christopher Ruell.

September 13, 2023 Diederick van der Plas | FTI Consulting | Gina Gutzeit | Ralph Geertsema Ian Koplin

FTI Consulting Hires Hallam and Wright as Senior Managing Directors in UK Office

FTI Consulting appointed two senior managing directors in its corporate finance and restructuring segment and launched a dedicated restructuring practice in Manchester, England, to further strengthen the firm’s restructuring and insolvency capabilities in the UK.

July 24, 2023 David Morris | FTI Consulting | Lindsay Hallam | Oliver Wright Ian Koplin

Enghouse Systems Enters into Asset Purchase Agreement with Lifesize

Lifesize, a provider of video conferencing and omnichannel contact center solutions, entered into an asset purchase agreement (APA) with Enghouse Systems, a vertical enterprise software solutions company. To effectuate the sale, the company filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division.

Virgin Orbit Files Plan to Resolve Outstanding Claim and Interests

Virgin Orbit Holdings and its U.S. subsidiaries filed a plan, which provides for, among other things, resolution of outstanding claims and interests and a related disclosure statement in the U.S. Bankruptcy Court for the District of Delaware.

Majority of Lenders Expect a Recession in 2023 or 2024

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%.

April 17, 2023 Chuck Carroll | Dave Katz | FTI Consulting Ian Koplin

Virgin Orbit Commences Voluntary Chapter 11 Proceeding

Virgin Orbit Holdings and its U.S. subsidiaries, a responsive space launch provider, commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business.

Boxed to Execute Sale of Spresso Software Business Through Chapter 11 Process

Boxed initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to execute a sale of its Spresso software business to its first lien secured lenders while continuing to streamline operations.

Starry Files Voluntary Chapter 11, Backed by RSA with Lenders

Starry Group Holdings and subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a restructuring support agreement with lenders holding the company’s debt.

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

Avaya Holdings, a provider of solutions to enhance and simplify communications and collaboration, entered into a restructuring support agreement with overwhelming support of more than 90% of the company’s secured lenders.

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