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Return to Turnaround Management Association Events Library Menu
Showing sessions 1 - 7 of (7) TOTAL sessions
(PREV 10) 1
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Event : TMA2 |
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Session : TMA700
Horses of Different Colors or Different Animals? A Las Vegas Bout: Private Equity v. Hedge Funds
Moderator: Frank R. Mack, CTP, Conway, MacKenzie & Moderator: Frank R. Mack, CTP, Conway, MacKenzie & Dunleavy Inc.
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 9.3 MB
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- The level of capital invested in both private equity firms and hedge funds has reached record-breaking levels, with new deals and fund closings appearing on the cover of The Wall Street Journal daily. To date in 2006, there were nearly 2,200 global private equity buyouts valued at $540 billion. And, hedge funds are in play on the action. There are more than 3,000 funds that manage a collective total of over $1 trillion in investments. This panel, a rare public experi- ence featuring opinions from both investment groups at once, will discuss and debate how private equity firms and hedge funds differ in terms of investment and exit strategies, risk tolerance levels, and liquidity issues, and where the two industries result in culture clashes. Join top players from both financial worlds for a frank discussion on how private equity and hedge funds cooperate, and battle for, control of the world’s most lucrative distressed, overlev- eraged and/or underperforming investments.
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Session : TMA701
Distressed Trading
Moderator: Matthew R. Niemann, CTP, Cerberus Capital Chicago LLC
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 5.6 MB
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- After achieving phenomenal returns in 2002 and 2003, traders of
distressed debt have suffered through a couple of very slow years.
There just hasn’t been very much product in the market and the
prices of what is available have been bid up to prices that hardly
sound distressed. However, based on the currently overheated
leverage loan market, an expected increase in defaults is on the
horizon and the distressed bank loan market may be poised for
significant growth. Who are the players in this market? When will
the market turn and where will the opportunities be for distressed
traders? How will they source opportunities once defaults begin
to increase? How will they tap into CLO’s to find their opportuni-
ties? This panel of experts in distressed investing and restructuring
will provide an overview of the distressed trading market and a
forecast of the near-term opportunities in this market.
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Session : TMA702
Automotive Industry
Moderator: Penny G. Friedman, CIT Business Capital
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 10.6 MB
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- he automotive industry is clearly the leading industry that is
currently in a distressed state with bankruptcies of major Tier
One suppliers, such as Delphi, Collins & Aikman, Tower Automo-
tive and the recently filed Dura Automotive. Experts forecast a
continued restructuring of the entire North American automotive
industry over the next few years. Who will be the winners and los-
ers as the industry consolidates? What qualities does an automo-
tive supplier need in order to maintain viability and grow? How
should investors approach this market? What role will OEMs and
unions play in the restructuring? This esteemed panel of experts
will examine the opportunities and pitfalls awaiting any investor
in the automotive sector by looking at the financial, operating
and strategic factors that are key drivers of value for automotive suppliers.
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Session : TMA703
Distressed Investing Across the Sea
Moderator: N. Lynn Hiestand, Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 8.2 MB
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- New entrants and abundant liquidity have brought a U.S.-style
approach to distressed investing in Europe as investors have ar-
rived in numbers searching for greater opportunities on the other
side of the Atlantic. The pace of change in European distressed
investing promises to explode over the forthcoming 18 months
as the very high number of recent acquisition-related debt issues,
coupled with rising energy and material costs and the possibility
of rising interest rates, seems to signal significant defaults ahead.
The distressed investing market in Europe is now a competitive
and booming market. Whether you are a distressed investor, re-
structuring or turnaround professional or legal advisor, this panel
will present the key issues in how to stay one step competitors in this specialized market, including a ahead of your
discussion of
the Asian markets.
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Session : TMA704
Keynote Roundtable Discussion: State of the Market
Moderator: James H.M. Sprayregen, Goldman Sachs & Co.
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 8.3 MB
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- This roundtable discussion features several leading players in the distressed investing and corporate restructuring landscape, each with
their own unique perspectives on the market. Moderated by Jamie Sprayregen of Goldman Sachs, this panel of experts will focus on the
issues, challenges and opportunities for distressed investors in today’s highly leveraged debt capital markets. Additionally, the panel will
review the current state of the market and provide insight regarding the twists and turns that we may be seeing when the market shifts
and default levels begin to increase for bank and bond debt
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Session : TMA705
Alternative Equity Plays in Distressed
Moderator: Frank A. Merola, Stutman, Treister & Glatt PC
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 7.4 MB
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- Not every investor is buying distressed debt just to get repaid.
It is increasingly common for opportunistic investors to use the
distressed situation of the target to take control or to wrest away
desired assets. This panel will look at the players and strategies
employed to acquire companies through nontraditional approach-
es such as acquiring senior and junior debt positions, providing
strategic DIP loans, 363 sales and driving development of a plan of
reorganization.
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Session : TMA706
Collateralized Loan Obligations (CLOs) and Their Impact on Distressed Companies
Moderator: Colin P. Cross, Crystal Capital LLC
Conference : 2007 Distressed Investing Conference, Co-produced by TMA and The Deal
File Size : 11.3 MB
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- CLO’s have become the new senior lenders to many compa-
nies tapping into the syndicated loan market for capital. Capital
under management of CLO’s continues to grow at a record pace,
providing a ready source of liquidity to the debt capital markets.
Borrowers don’t always know or recognize some of the holders of
these loans until their loan closes. And, with the recent expansion
of purchase price and leverage multiples, an increasing number of
these loans may be pushed into default and require a restructuring.
How will CLO’s respond to an expected increase in loan defaults?
What are the key factors impacting decisions by CLO managers
in responding to declining credit metrics? This panel will examine
the history and growth of CLO’s, their increasing influence in the
senior leveraged loan market, along with an examination of the
possible reaction from this investment group in the event of a
significant increase in default rates.
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Showing sessions 1 - 7 of (7) TOTAL sessions
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