March 2019
Feature Article
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Corporate Rescue in Australia: A Time for Innovation
In October 2018, Quintis Limited, with some 13,000 hectares (32,110 acres) of sandalwood to grow and harvest in Australia, completed a recapitalisation of its business and restructuring of the group balance sheet and debt instruments. The restructure design utilised Australian voluntary administration and scheme of arrangement processes in conjunction with a U.S. Chapter 15 filing recognition proceeding. Quintis is […]
More from this Issue
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Embracing Change
Change is hard. But change is necessary for growth, professional development, and brand building. In this year of opportunity at TMA, we are embracing change. We understand that, as we change the conversation we are having, and we will continue to have dialogue and debate so that as we journey forward we create a better, […] -
Enhancing TMA’s Global Connectivity and Impact
One of the most rewarding aspects of volunteer leadership at TMA Global is the frequent interaction I have with TMA members from around the world. Although differences exist in local insolvency laws and restructuring customs, global turnaround professionals share a fundamental focus on improving liquidity and profitability of underperforming and distressed companies to support employees, […] -
Corporate Rescue in Australia: A Time for Innovation
In October 2018, Quintis Limited, with some 13,000 hectares (32,110 acres) of sandalwood to grow and harvest in Australia, completed a recapitalisation of its business and restructuring of the group balance sheet and debt instruments. The restructure design utilised Australian voluntary administration and scheme of arrangement processes in conjunction with a U.S. Chapter 15 filing recognition proceeding. Quintis is […] -
The Success Trap: How Growth Can Mask Signs of a Deteriorating Business
An emerging growth company is in its fourth year of life. Revenues are increasing by 20 percent or more year-over-year. The management team—frequently the founder and a few close confidants who signed on early—is excited, and its enthusiasm flows down through every level of the company, particularly as the entire team regularly pitches in at […] -
Senior Living Industry Faces Myriad Challenges
It is interesting that most of the press coverage in senior living cites an increase in volume from baby boomers aging into the space. Typically, these articles note that 10,000 people will turn 65 every day for years to come. While some believe that the heaviest baby boomer influx might still be a few years […] -
Creating a Sound Foundation for Municipal Restructuring
For some municipalities, the light at the end of the tunnel is becoming more visible, given an improving national economy and rising tax bases. For others, the road to solvency remains unclear. For all, determining a path to fiscal good health is paramount. Quite often, that complicated goal can be achieved through restructuring. Municipal restructuring […] -
Distress in Healthcare Services Companies Skyrockets in 2018
The [[{“fid”:”9993″,”view_mode”:”default”,”fields”:{“format”:”default”,”alignment”:””},”link_text”:”Polsinelli/TrollerBK Distress Indices”,”type”:”media”,”field_deltas”:{“2”:{“format”:”default”,”alignment”:””}},”attributes”:{“class”:”media-element file-default”,”data-delta”:”2″}}]] reflected a substantial increase in healthcare distress in 4Q 2018, even as the general index showed only a slight increase in bankruptcy filings and the real estate index fell. The Health Care Services Index stood at 550.00 in 4Q 2018, topping the previous high of 455.00 from 1Q 2018. The […] -
Dawn Ragan: Wheels and Deals
Dawn Ragan is a partner with CR3 Partners in Dallas. She has 25-plus years of experience in financial advisory, turnaround management, and corporate finance. She is skilled in quickly assessing complex situations, developing effective operational and financial restructuring solutions, and managing multiple adverse constituencies. Her engagements have included assets and operations in China, Japan, Europe, […] -
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 […] -
Former TMA Global Chair William J. Hass, CTP, Dies on Colorado Ski Trip
William J. Hass, CTP, a former TMA chair and enthusiastic advocate for the organization and its Certified Turnaround Professional program, died on January 7 while on a ski trip in Breckenridge, Colorado. He was 71. Hass was found unconscious on a black diamond run at Breckenridge Ski Resort and taken to Breckenridge Medical Center, where […] -
Judge Carey Announces Retirement from the Delaware Bench
The Hon. Kevin J. Carey has announced that he will retire from bench effective August 31 after 19 years, the past 14 of which he served as a U.S. Bankruptcy Court judge for the District of Delaware. A former TMA Global president and chair, Carey said he expects to remain active in the industry after […] -
Milestones
Christopher Arnett and Nicholas Grossi, CTP, have been promoted to managing director at Alvarez & Marsal. Arnett and Grossi are members of the firm’s Restructuring & Turnaround group in Dallas and Chicago, respectively. Arnett has more than 16 years of restructuring experience and among his primary areas of concentration are bankruptcy planning and implementation, business […] -
Newcomers: March 2019
Arizona Julie M. Birk, Bryan Cave Leighton Paisner Blaise Najafi, Pivotal Group Scott Robson, KDB Management Inc. Tyler Stamets John Trusiak, SMS Financial LLC Atlanta Jeff Amershadian, Covenant Capital Investors Kristopher Bryant, Balbec Capital LP Andrew Fancher, Eagle Business Credit Charles James, SouthStar Capital Daniel Simon, DLA Piper LLP (US) David M. Skogen, Global Connection Inc. Michael N. […]
Snapshot Article
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