Portage Point Partners, a business advisory, interim management and financial services firm, launched a transaction advisory services (TAS) practice.
Steve Bremer has joined Portage Point Partners as managing director, investment banking. Bremer Steve brings over more than 15 years of experience in investment banking, most recently serving as a pPartner in the Centerview restructuring and debt advisory group.
Portage Point Partners, a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, added Vladimir Kasparov to the firm as a managing director.
Portage Point Partners, a business advisory and interim management firm, added a team of executives to its retail practice, including managing directors Tom Park and Glenn McMahon and senior advisers Michael Feurer and Gerry Rittenberg.
Portage Point Partners, a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, hired Adam Chonich as a managing director.
Bouchard Transportation filed voluntary petitions to restructure under Chapter 11. Kirkland & Ellis and Jackson Walker are acting as Bouchard’s legal counsel, while Portage Point Partners is serving as restructuring advisor and Jefferies is serving as investment banker.
Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common stock rights offering, which resulted in a $100 million cash infusion of new equity capital led by the special opportunities funds of Ares Management.
Pursuant to a restructuring support agreement, Hornbeck Offshore Services has the support of secured lenders holding approximately 83% of the company’s aggregate secured indebtedness.
Darrick Martin joined Portage Point Partners to lead the West Coast region. Martin previously served as a managing director in the turnaround and restructuring practice of Alvarez & Marsal.
Portage Point Partners is serving as restructuring advisor and Guggenheim Securities is serving as financial advisor to Hornbeck Offshore Services, which entered into a restructuring support agreement that will be implemented through a voluntary prepackaged Chapter 11 case.