January/February 2019
Feature Article
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The Retail Apocalypse: Fact or Fiction?
Retail Apocalypse and Amazon Effect have become common vernacular over the last few years. The catchphrases certainly grab the attention of not just the general public but of the finance and turnaround communities as well. In an article headline, they serve as surefire clickbait. And as panel topics, these terms are a great way to […]
More from this Issue
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Newcomers: January/February 2019
Alabama Michael Alexander, AEA Group LLC Arizona Jason D. Curry, Quarles & Brady LLP Jonathan Evans, Guaranty Solutions LLC Pasquale J. Nigro, Deloitte & Touche Jay C. Stuckey III, Landmark Title Assurance Agency Atlanta Austin Bruce Alexander, Balch & Bingham LLP Chris Coutu, Hudson Place Financial LLC Rusty Fleming, Nelson Mullins Riley & Scarborough LLP Gwendolyn J. Godfrey, Morris […] -
Milestones
10 TMA Members Are New Fellows in the American College of Bankruptcy Hon. Kevin J. Carey, former TMA Global president and chairman, is among 36 bankruptcy and insolvency professionals who will be honored as Fellows in the 30th class of the American College of Bankruptcy during ceremonies at the Hotel Del Coronado, near San Diego, on […] -
What’s Ailing the Healthcare Industry?
Welcome to our podcast focused on current issues impacting the healthcare industry. I’m Jeanine Krattiger, director of marketing with Carl Marks Advisors, and with me are two members of the leadership team of the firm’s heathcare group, Marc Pfefferle, partner, and Jonathan Killion, managing director. We invited Marc and Jonathan to speak specifically about some […] -
TMA Talks
Welcome to TMA Talks, a regular series of podcasts hosted by TMA Global CEO Scott Y. Stuart, Esq. Each segment features prominent TMA members, industry experts, and other special guests. These exchanges, edited transcripts of which are printed in the JCR, offer insights into key markets, forward-thinking economic outlooks, insider thoughts on industry trends, and much more. TMA Talks […] -
Alison Elko Franklin: Gotta Run
Alison Elko Franklin is a senior managing associate with Denton’s in Atlanta, focusing her practice on corporate reorganizations, municipal reform, creditors’ rights litigation, and distressed transactions. She represents debtors, trustees, creditors’ committees, and creditors in Chapter 11 reorganizations, Chapter 9 municipal debt adjustments, Chapter 15 cross-border insolvency proceedings, and Chapter 7 liquidations. Franklin also counsels […] -
Brexit, Insolvency, and Restructuring in the U.K.
Post-Brexit, how would creditors in the U.K. retrieve assets that had been transferred to Europe? How would creditors recover debts from European Union (EU) companies that are insolvent? This article looks at how the European Regulation on Insolvency Proceedings (EIR) and recognition of insolvency judgments, as well as schemes of arrangement, will be impacted by […] -
Will U.S. Cannabis Companies Find Grass Is Greener in Canada for Restructuring?
Recreational cannabis use became legal in Canada on October 17, 2018. Canada is now the second country in the world—and the first G-7 nation—to authorize a national cannabis market.1 The passage of Bill C-45, otherwise known as the Cannabis Act, marks a historical moment for advocates of cannabis legalization. In the United States in 2018, […] -
Auto Industry Challenges Drive Opportunities for Turnaround Professionals
General Motors announced on November 26, 2018, its intention to end production at five plants in the United States and Canada by the end of 2019. Press coverage focused primarily on the immediate and direct expected loss of jobs. Political commentary and reaction were also prevalent, given the federal government’s prior bailout of the auto […] -
Turnarounds Require Patience, Partnership, and Professional Expertise
So many times, turnaround professionals are engaged in situations involving companies that have little or no liquidity or that appear to lack access to capital. Frankly, businesses that lack liquidity are one of the main reasons the turnaround industry exists. As such, it is imperative that turnaround professionals are creative in finding the possible various […] -
Self-Liquidation vs. Sale: The Fallacy of Net Gain
Distressed investors may see value in individual assets held by a distressed company or pledged to its lender, rather than in the company as a whole. These investors see opportunity in these assets, but realize significant risk in acquiring them. To assume this risk, they seek a certain level of return. They are skilled in […] -
What the Current Credit Market Means for Distressed M&A
The availability of capital for private companies is at an all-time high. According to Preqin’s Q3 2018 Fundraising Report, global private equity dry powder currently sits at approximately$1.1 trillion, while global private debt dry powder was at a record $281 billion as of September 30, 2018. With the exception of 2014, private debt dry powder has increased each year since […] -
The Retail Apocalypse: Fact or Fiction?
Retail Apocalypse and Amazon Effect have become common vernacular over the last few years. The catchphrases certainly grab the attention of not just the general public but of the finance and turnaround communities as well. In an article headline, they serve as surefire clickbait. And as panel topics, these terms are a great way to […] -
Increasing Visibility, Bolstering Education are Goals for 2019
When I first joined TMA early in my career, my objectives were quite simple. Like all of my peers, I wanted to meet and interact with other professionals in the restructuring community, build a professional network, benefit from high-quality, relevant professional education, and maybe even have a little bit of fun along the way. After […] -
The Evolution of the Turnaround, Restructuring, and Distressed Investing Industry
Having spent the past 18 years at SB360 Capital Partners (formerly SB Capital Group), I can say with certainty that the turnaround industry has evolved. What surprises me most is how we have been forced to change our own industry, even though at times it didn’t seem broken. But if you think about it, it […] -
2019: The Year of Opportunity
Welcome to the year of opportunity. Together we will face challenges, break through barriers, and make the unimaginable our reality. This Big Tent is about to get bigger and greater than ever before. I welcome you to come on this 2019 journey with me. The year has already gotten off to a great start. With […] -
Special Opportunity Investing in the Middle Market
Since the great financial crisis of 2008, direct private credit investments outside the banking system have grown exponentially. Both regulation and competition have forced the traditional regional banking model to consolidate and focus on larger borrowers, which are easier to service than smaller borrowers. This has left smaller borrowers without access to bank financing because […]
Snapshot Article
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