A number of private equity funds focus exclusively on buying distressed businesses, fixing, and selling them.
Chicago, Illinois (PRWEB) July 07, 2018
Companies fail all the time, for all sorts of reasons. Some companies become distressed, or even insolvent, because of mismanagement; others because of fraud; others for myriad other reasons- some intrinsic to the company and some extrinsic.
Regardless of the cause, failing or failed companies create a unique set of issues, risks, and even opportunities for all involved. This area of law and finance has become so specialized that no fewer than five (American Bankruptcy Institute; Association of Insolvency & Restructuring Advisors; Commercial Law League of America; National Association of Federal Equity Receivers; Turnaround Management Association) national organizations exist to help those who specialize in the field to stay up to date on the latest developments, strategies, and tactics in the area. This Financial Poise RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2018 webinar series provides an understanding of these issues and risks, in addition to guidance as to strategies for harnessing opportunities arising from these failing/failed companies.
The second episode of the series is Opportunity Amidst Crisis: Buying Distressed Assets, Claims, and Securities for Fun & Profit and airs on July 12th at 2:00 PM CST (Register Here) and features Moderator Jonathan Friedland of Sugar Felsenthal Grais & Helsinger. He is joined by Andrew J. Currie of Venable LLP, David Lorry of Versa Capital Management LLC, and Thomas J. Salerno of Stinson Leonard Street LLP.
Eddie Lampert bought Kmart out of bankruptcy. W.L. Ross made a fortune many times over buying steel and other companies out of bankruptcy. Hedge funds and other distressed debt traders buy and sell millions of dollars of distressed securities and bankruptcy claims every day. A number of private equity funds focus exclusively on buying distressed businesses, fixing, and selling them. And fortunes are made during real estate crashes by those who have the dry powder to swoop in and buy when others are forced to sell. This webinar explains how to loan to, or purchase the debt of, a company in order to acquire it (a strategy commonly called “loan to own”); how to learn about opportunities involving distressed companies; and tips and best practices for participating in bankruptcy, Article 9, and other sales of distressed businesses (including the concept of serving as the “stalking horse).
The RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2018 Series is produced by Financial Poise.™ Other episodes in the series include "What to Expect and Do When Your Customer Becomes Insolvent" airing on August 9th, "A Distressed Company and its Secured Lender" airing on September 6th, and "Federal Equity Receiverships - 101" airing on October 4th. All episodes premiere live at 2:00 PM CST. All episodes will be available live through West LegalEdCenter and then on-demand following the live premiere.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
About Financial Poise™
Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/