April 2016
More from this Issue
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Global Demand for Turnaround, Restructuring Expertise Intensifies
I’ve just returned from the TMA Eastern European Conference held at the Czech National Bank in Prague. In its third year, this conference continues to grow by attracting individuals engaged in or interested in turnaround, restructuring, insolvency, and corporate renewal in the Central East European (CEE) region. It’s no surprise that this conference grows year […] -
Milestones
Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management LP have launched Encina Business Credit LLC (EBC), an independent asset-based lending platform targeting middle market borrowers in the U.S. and Canada. Based in Chicago, the firm is led by Marty […] -
Newcomers: April 2016
Arizona Richard M. Stivers, Rick Stivers California – Northern Eran Ben-Avi, Rabin Worldwide Inc. Scott Middleman, ICONIQ Capital California – Southern John Ahn, Great American Capital Partners Stephanie L. Curtis, Wells Fargo Capital Finance Zach Doctor, PNC Business Credit Joseph H. Eaton, Industrial Strength Realty Brad Giering, CMA Skylar Lane, DB Squared Inc. Michael A. Mason, JH Commercial and Medical […] -
Jeremy L. Retherford: Always Tinkering
Jeremy L. Retherford is a partner with Balch & Bingham LLP in Birmingham, Alabama, and chair of the firm’s Creditors Rights and Bankruptcy Practice Group. He represents creditors in out-of-court workouts, in enforcing rights and remedies outside of court (e.g., non-judicial foreclosure), and in state and federal litigation. Retherford also has significant experience in receivership […] -
Food Suppliers Must Meet Strict Standards to Remain Healthy
In December 2003, mad cow disease was identified in the North American market, and the Japanese government immediately banned imports of U.S. beef for two years. The 2014-15 avian flu epidemic resulted in 17 percent of U.S. poultry either dying from the disease or being euthanized to halt its spread. Chipotle’s E. coli outbreak in […] -
Pitfalls of Chapter 11 Retail Cases & Practical Tips for Addressing Them
Retail Chapter 11 cases are the name of the game these days. Retailer debtors file Chapter 11 for various reasons and often with multiple alternative exit strategies. The fortunate distressed retailer—and there are relatively few of them—can effect an internal reorganization, restructuring old debt with its existing secured lender or obtaining exit financing with new […] -
Is Brick and Mortar Crumbling Click by Click? The Impact on CPG Brands
Borders, Blockbuster, Circuit City, and RadioShack are iconic brands, all killed or dying as a result of the Amazon Effect. Could the next wave include Macy’s, Sears, Best Buy, PetSmart, and even big grocery? The demise of brick-and-mortar retail is said to be overexaggerated, and while that may be true, the impact e-commerce is having […] -
Valuations, Fairness Opinions Provide Useful Tools for Distressed Hospital Transactions
Healthcare reform has dramatically changed the manner in which health systems deliver care to patients and how they are reimbursed for services. As hospital boards review their institutions’ competitive positions in a post-healthcare reform world, particularly those overseeing community hospitals, many decide to explore a sale to a strategic partner. Deciding to sell a community […] -
Distress Is Widespread as Healthcare Industry Adapts to ACA
“It’s only when the tide goes out that you learn who has been swimming naked.” —Warren Buffet It is no secret the healthcare industry has been experiencing an unprecedented tidal wave of consolidation over the past several years. On its surface, the healthcare industry appears to be generally profitable, with massive mergers creating powerful integrated […] -
Fallout from Healthcare Revolution Will Challenge All Stakeholders
Price gouging, treatment rationing, and data falsification are signs that the Anthropocene Epoch has arrived in healthcare and extinction lies ahead for those that cannot adapt. As a result of revolutionary changes in the reimbursement system that the Center for Medicare and Medicaid Services (CMS) is implementing, the U.S. healthcare system is in a process […] -
Sea Change Underway for Healthcare, Consumer Goods
As a longtime writer for the Journal of Corporate Renewal, I was delighted to be asked to act as guest editor for this issue. Traditionally, TMA has had themes for each JCR issue. This year, it has moved away from them, in large part to make sure that the JCR can cover timely topics relevant […]