|
Chapter President Spotlight
Kevin Laborde, TMA Louisiana
 |
|
|
Kevin Laborde,
Cash Flow Resources |
What's your favorite aspect of being chapter president?
Being Chapter president has meant a number of things to me. I have basically taken my turn at running a few things which longer term members tend to appreciate. It has also elevated the awareness others have of me and my company. With any luck I may actually develop some business through all of this.
What makes your chapter different?
We have a small chapter. While membership has been skewed in the past, we now have a reasonably balanced membership including attorneys, capital providers, consultants, CPAs, and others. We have all worked hard to create events and programs that are relevant and valuable to the membership. That may not sound too different, but making TMA events relevant is important to me.
How did you get involved in TMA?
A friend suggested I join TMA when I started my factoring company some 12 years ago. I started off attending events and eventually joined. Like many such organizations, when you volunteer to do things, you end up getting tagged for board and other leadership positions. The rest is history!
In your opinion, what's the most exciting/interesting trend or event happening in the turnaround and restructuring industry?
Lower capital costs have had interesting consequences in the market. So much money chasing deals out there presents challenges for everyone trying to develop business as the risks are just the same as in "high rate" days. In many instances those low rates have not translated into success but merely encouraged leveraging balance sheets. Low energy prices have really impacted our region as well, though not as severely as other markets. This all points to revenue drivers continuing to be the most important consideration in any transaction while lower energy and capital costs remain somewhat of a distraction.
Is there an upcoming chapter event you're looking forward to?
We have had very successful banker panels in the past and look forward to taking that into other professions and other banks too.
What would someone who only knows you professionally be surprised to learn about you?
I like to roast pigs and do it in a rather unique way that reflects my central Louisiana roots.
Want to be featured in the next Chapter President Spotlight? Email Maura Sage at [email protected].
|
|
|
Register for TMA's April Webinar
Retail enterprises have a prolific history of encountering distress at some point in their life cycle. Yet, even in the "worst" possible outcome - a liquidation of part or all of a brand or company - investors and service providers can profit. This webinar will help you understand how and why, and is a must if you participate in the retail sector.
Who will benefit from participating in this webinar?
- Investors taking credit exposure or equity risk in the retail sector
- Professionals seeking to understand the peculiarities of distressed investing in the retail sector
- Service providers seeking to better understand the risks and opportunities unique to retail-related bankruptcies (embedded value and leverage in leases, inventory purchases, valuations and liquidations, etc.)
Panelists:
Deborah Rieger-Paganis, AlixPartners LLP (Moderator)
Edward Phillips, EisnerAmper LLP
Geoffrey Richards, Canaccord Genuity Inc.
Kenneth Rosen, Esq., Lowenstein Sandler LLP
|
|
|
|
|
Early Bird Discount for TMA Europe's Annual Conference Is Extended
TMA Europe has extended its early bird discount, which equates to a savings of up to $140 (or €122), until Monday, April 25.
This year's conference is being held in Rome on June 9-10 and will once again see some of the foremost experts in the field of turnaround and restructuring debating the key issues facing the industry.
The theme for this year is how to increase performance through turnaround culture and values, with a program that includes panel debates, presentations on turnaround case studies, and a host of expert speakers. Topics being tackled by panels include the latest trends, techniques, and tools for SME debt restructuring, European NPL resolution efforts, and equity cram-down and EU harmonization.
There will also be discussions focusing on the tactics and techniques for dealing with distressed businesses and on the role a founding entrepreneur plays in the turnaround of an SME.
In addition, there will be speeches on issues of interest, including one from leading U.S. restructuring lawyer Stephen Lerner who will be sharing his tips for success in SME restructuring.
Enrica Maria Ghia, the president of TMA Italy, a conference co-chair, said, "In recent years the conference has built an excellent reputation for being one of leading events for turnaround practitioners, investors, and other professionals involved in distressed environments across Europe.
"This year's conference is set to be another great occasion, offering lots of lively and informative debates as well as plenty of networking opportunities to ensure it is as enjoyable as it is productive."
The conference, now in its ninth year, is being held at the Grand Hotel Plaza in the heart of Rome.
|
|
|
|
FDIC Senior Accountant Vacancy Announcement
The Federal Deposit Insurance Corporation (FDIC) is seeking two senior accountants to work in the Complex Financial Institutions Branch of the Division of Resolutions and Receiverships on matters involving systemically important financial institutions with experience providing services in accounting, including audit, compliance and research; bankruptcy accounting and restructuring; and financial advisory.
The position is posted on the USAJOBS website under Vacancy Announcement 2016-HQEX-B0106. Application packages must be received electronically through USAJOBS no later than 04/19/2016. For detailed information and to apply using the required online process, visit this
link.
Congress created the FDIC in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations (6,182 as of December 31, 2015). It promotes the safety and soundness of these institutions by identifying, monitoring, and addressing risks to which they are exposed.
FDIC is an Equal Opportunity Employer.
|
|
|
|
JCR Article Spotlight
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 providers designed to capitalize on the current regulatory and reimbursement environment. But this merger activity can often disguise powerful undercurrents of financial distress.
Read more of this article by Tom Buck and Dion Oglesby, of EisnerAmper, and Jeremy Johnson, of Polsinelli P.C.
|
Download the April digital issue of the
Journal of Corporate Renewal to read on your desktop, smartphone, or tablet.
|
|
News Relevant to TMA Members
-
MB Business Capital Announces Funding for Richmond Wholesale Meat (
more)
-
SEC and FDIC Propose Dodd-Frank Broker-Dealer Resolution Rules (
more)
-
Financial Turmoil at SunEdison Imperils Solar Projects Worldwide (
more)
-
Inside the Fall of SunEdison, Once a Darling of the Clean-Energy World (
more)
-
Puerto Rico Governor Declares Emergency at Government Development Bank (
more)
-
Goodrich Petroleum Files For Chapter 11 Bankruptcy Protection (
more)
-
Energy XXI Files for Bankruptcy in Debt-for-Equity Swap (
more)
-
LBC Credit Partners Provides Senior Secured Term Loan To Support The Recapitalization Of Ameriqual Group, LLC (
more)
-
Versant Closes $12MM Factoring Facility (
more)
-
Valeant Calls in Investment Banks to Weigh Options - Sources (
more)
-
Symantec Resumes Layoffs Due to Corporate Restructuring (
more)
|
To share your organization's news,
email
us.
|
|
|
Welcome Newcomers
Herbert R. Bachelder,
American Management Services Inc. (TMA Florida)
Jessica Bates,
Dwight Funding (TMA New York City)
Albert C. Black III,
TreCo Investments (TMA Dallas/Ft. Worth)
Rebecca Byczok,
CMS Cameron McKenna LLP (TMA United Kingdom)
David P. Chang,
Nighthawk International LLC (TMA Houston)
Stephanie L. Curtis,
Wells Fargo Capital Finance (TMA Southern California)
Zach Doctor,
PNC Business Credit (TMA Southern California)
Shawn Dubinsky,
Richter Consulting (TMA Chicago/Midwest)
Garrett Fletcher,
MidCap Financial LLC (TMA Chesapeake)
Harry J. Giacometti,
Flaster/Greenberg PC (TMA Philadelphia)
Julie Haghiri,
Duff & Phelps Canada Restructuring Limited (TMA Toronto)
Sarah M. Harvey,
Bond, Schoeneck & King PLLC (TMA Upstate New York)
Alfredo Jason Iafrate,
Plante Moran (TMA Detroit)
Greg Jones,
Legacy Foundation of Hartford Inc. (TMA Connecticut)
Wilson Kwan,
PricewaterhouseCoopers LLP (TMA Toronto)
Scott Middleman,
ICONIQ Capital (TMA Northern California)
Lucas J. Olson,
Dorsey & Whitney LLP (TMA Minnesota)
Joshua N. Pad,
Plante & Moran PLLC (TMA Detroit)
Nora A. Patino,
Alvarez & Marsal (TMA International)
Robert Pistilli,
Peak Rock Capital (TMA Central Texas)
Agnes Romanowska,
Reid and Riege PC (TMA Connecticut)
Joseph M. Santora,
Irontrax (TMA Ohio)
Mark Shaiken,
Stinson Leonard Street LLP (TMA Rocky Mountain)
Edward Shine,
Clear Thinking Group LLC (TMA Northeast)
Elizabeth C. Tramm,
King & Spalding LLP (TMA Atlanta)
For a full list of new members highlighted in the April issue of the
Journal of Corporate Renewal, click
here.
|
|
Congratulations to New CTP/CTAs
Christopher Blacker, CTP, AlixPartners (TMA Chicago/Midwest)
John C. DiDonato, CTP, Huron Consulting Group (TMA New York City)
Daniel J. Lee, CTP, Bank of the Cascades (TMA Northwest)
Nick Zaccagnini, CTP, Huron Consulting Group
(TMA Chicago/Midwest)
|
|
| |
|
|
TMA Global Events
|
|
November 2-4
The 2016 TMA Annual
Disney's Yacht Club Resort
Lake Buena Vista, Florida
February 1-3
2017 TMA Distressed Investing Conference
Encore at The Wynn
Las Vegas, Nevada
TMA Europe Events
|
| Journal of Corporate Renewal  Download the April issue of JCR, now available online and as an app for your tablet or phone. |
|
|
|
