Home . Distressed Asset Investing and Corporate Restructuring, a new program that will initially be launched online, is designed to help both groups move forward with greater skill and confidence. Fees for on-campus programs include accommodations and meals. This event will comply with all local and state COVID-19 regulations. We hope to see you there!TMA Philadelphia|Wilmington members may take advantage of a special discount off Wharton's standard ticket pricing. One Calls restructuring, led by a new preferred equity investment from existing lenders, reduced debt by nearly $1 billion and eliminated all near-term maturities while allowing the company to avoid a costly bankruptcy process. February 25, 2022 New York, NY. Home. We had many opportunities to get to know our fellow participants and professors during the fireside chats and other events that the fantastic faculty members organized for us. In fact, the stage is set for many investors like Marks who have been waiting for more than a decade to deploy capital in what has been described as a once-in-a-lifetime opportunity. Westin Chicago River North Check back soon as we prepare to provide you with information on this yearsevent. AIRA is a nonprofit professional association serving the bankruptcy, restructuring and turnaround practice area. For those in the role of a senior-level leader in a company facing distress, whether due to economic decline or having undergone a leveraged buyout or for any other reason, this program is also right for you. View Photo Gallery, 26th Annual In addition, many hedge fund managers and private equity firms now engage in a loan-to-own scenario in which they buy debt with an eye toward achieving equity ownership in the post-restructured company. Enter code TMAREST21 when purchasing your ticket online. New York, NY 10019 New York, New York. One thing that stood out was regarding valuation models all of them are incorrect because they rely on assumptions, and assumptions dont change the actual value of your company. The book The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb (2007) described how an unexpected event can wipe out all our plans and preparations, and this is precisely what happened in March 2020. Now I think about overall profitability and cost of growth.
Wharton Restructuring and Distressed Investing Conference 2015 | Home "I've gotten a number of legitimate, 'for sure wouldn't have got the deal but for TMA' deals over the years. Wharton Restructuring and Distressed Investing Conference2022, Friday, February 25, 2022 ThePlazaHotel, NewYorkCity. The Wharton Restructuring and Distressed Investing Conference is the largest restructuring and distressed investing-focused school-run conference in the United States. So, I enrolled in Distressed Asset Investing and Corporate Restructuring. While skeptical at first, I benefited from the virtual-life nature of the program, particularly when working through the more complex, Excel-heavy parts that required undistracted focus. The Wharton Restructuring and Distressed Investing Club is an independent student-led organization of the Wharton School of the University of Pennsylvania. Cleary Gottlieb partner Jane VanLare participated in the Wharton Restructuring and Distressed Investing Conference 2023. We are proud to serve as an important forum for industry practitioners, academics, and students to gather and exchange ideas. The networking did not come up short. Sharpen your ability to spot promising investment opportunities in this lucrative asset class by learning how to assess the value of a company in or close to bankruptcy and understand how that value is likely to be distributed across the layers of the capital structure. Gain clarity and increased confidence when evaluating your alternatives, on both the operating and the financing sides of your business, and hone your understanding of the potential benefits and consequences of the restructuring alternatives available to the company. Four Seasons Resort and Club Dallas at Las Colinas ", -Brian Van Nevel, Spectrum Commercial Services Company, TMA Minnesota, 150 North Wacker Drive,Suite 1900Chicago, IL 60606. This years sessions will explore opportunities within our current economic climate and issues of debt, investing, and restructuring across theglobe. And third, most importantly, as an investor, what factors one has to take into account while investing in such times.". Due to the very challenging nature of distressed situations, many angles are relevant to assessing an investment opportunity including: United States Bankruptcy Court for the Southern District of Texas. Media Policy for Media Representatives, Financial Aid Policy available upon request, Use of Chapter 11 to Restructure Debt of International Companies, Liability Management and the Tactics of Sponsors and Majority Lenders. June 9-12, 2010 State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. June 8-11, 2022 Kevin Kaiser, PhD, Adjunct Professor of Finance; Senior Director, Harris FamilyAlternative Investments Program, The Wharton School. We learned how to differentiate between value-adding and value-destroying activities, which is crucial for leaders to identify at the best of times but even more so in times of distress. November 13, 2023 The Offices of CohnReznick, LLP, New York, It will also be of interest to ultra-high net-worth investors and institutions who wish to assess money managers who invest in distressed assets and want to know how to effectively evaluate their strategies and performance. We are pleased to invite you to the 18 th Annual Wharton Restructuring and Distressed Investing Conference, which will be held on Friday, February 25, 2022 at the Plaza Hotel in New York. Grand Hyatt Conference Sponsors, 32nd Annual
Blog | Wharton Restructuring and Distressed Investing Conference 2023 Cleary Gottlieb Steen & Hamilton LLP, Climate Change Litigation and Enforcement, Consumer Protection Litigation and Enforcement, Economic Sanctions and Foreign Investments, Executive Compensation and Employee Benefits, Private Funds Alternative and Liquidity Transactions, Sovereign Governments and International Institutions, Cross-Border Restructurings: The Interplay Between Chile and the United States, Navigating the Regulatory Crossfire; How Sanctions Impact Debt Restructurings, EMTA Webinar: Venezuela: Legal and Political Developments, Financial News First Legal Leaders Roundtable Discussion, International Insolvency Institute 23rd Annual Conference. We are proud to serve as an important forum for industry practitioners, academics, and students to gather and exchange ideas.
Patricia Walsh Loureiro | Professionals | Kirkland & Ellis LLP Michael is an associate in the New York office of Milbank LLP and a member of the firm's Financial Restructuring Group. Continuing Education Credits The TMA Philadelphia|Wilmington Chapter is proud to support Wharton's 17th Annual Restructuring and Distressed Investing Conference being held virtually on April 9, 2021. Boston, MA We benefited greatly from the roundtable discussions following each topic, as many members of the cohort would relate prior experiences or offer their own perspective. We are looking forward to welcoming our attendees in person.
The 18th Annual Wharton Restructuring and Distressed Investing Conference 2022 Wharton Restructuring and Distressed Investing Conference. The 19th Annual Wharton Restructuring and Distressed Investing Conference (WRDIC) will be held on Friday, February 24, 2023 at The Plaza Hotel, New York. About; Officers They are very different from the investors youve dealt with before, and if you dont have them figured out, you may quickly find yourself in over your head.
Wharton Restructuring and Distressed Investing Conference 2020 All content is the responsibility of the club.
Jane spoke on the panel, Taking (and Keeping) the Keys, which explored issues related to creditors obtaining a majority equity stake in a company as part of both consensual and non-consensual restructurings. For example, to invest wisely in a distressed company, you need to grasp how the turnaround will be managed. After completing this program, you should be able to answer interesting questions, such as: What is distressed investing and how does it differ from other types of investing?
AIRA - Meetings & Events The Wharton Restructuring and Distressed Investing Conference is the largest restructuring and distressed investing-focused school-run conference in the United States.
Wharton Restructuring and Distressed Investing Conference 2018 Peering Over the Edge: Investing in a Mature Credit Cycle Friday, February 23, 2018 The Plaza - New York. We are proud to serve as an important forum for industry practitioners, academics, and students to gather and exchange ideas. Just because the price of an asset is low compared to where it was six weeks ago doesnt mean youre getting a good deal at the current price. 18th Annual Wharton Restructuring & Distressed Investing Conference. No matter your specific role, you will benefit from seeing the total picture, since many functions overlap or are interdependent.
Kelsey Letang, CFA on LinkedIn: #distresseddebt #credit #restructuring 2:10 PM3:10 PMXavier, Pulitzer, Champagne Suite.
Wharton Restructuring and Distressed Investing Conference 2023 June 13-16, 2018
Distressed Asset Investing and Corporate Restructuring - Wharton Prior to returning to school, William was an analyst and an associate in Morgan Stanley's Public Finance group, where he covered the State of . I have recently transitioned from practicing M&A Advisory toward Corporate Restructuring, in light of the current macroeconomic situation. 11th Annual NYIC/AIRA Joint Bankruptcy and Restructuring . January 19, 2022 .
Wharton Restructuring and Distressed Investing Conference 2023 This course is designed to provide students with an understanding of the issues regarding distressed investing and valuation. Who are the players; what are their incentives and goals? Centerview Partners will lead a conversation around their out-of-court restructuring of One Call Care Management and the implications for the broader restructuring market. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
How Canadian Restructuring Lawyers are Doing Deals in a Way That Their Please note the TMA discount is only good for Standard Conference Pricing, and does not apply to Wharton Alumni Pricing or Early Bird Pricing. The program requires a high level of engagement . Continuing Education Credits Chicago, IL Gallery Every day was unique and interesting, covering new material. Patricia Walsh Loureiro is a restructuring associate in the Chicago office of Kirkland & Ellis LLP. Negotiation skills are critical in corporate restructuring, and this program covers negotiations in these typically high-pressure, crisis-mode scenarios to help you obtain the best return on investment. Baltimore, MD, 39th Annual January 24, 2012 Why does the company find itself in distress; are the root causes exogenous or indigenous? Incorporated in 1994, the WGA a non-profit organization that governs all MBA student clubs and conferences at The Wharton School. There were many opportunities to put the newly acquired skills into practice by working through the restructuring and negotiation process of real-life business cases. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. If youre a CFO whose company is facing distress, you need to understand the investors who may approach you, says Kaiser.
Extracurricular Activities & Clubs at Wharton | Wharton MBA How can we survive or avoid a liquidity crisis or insolvency by pulling off a turnaround as a company, or how can we profit from distress as an investor? Requesting that cameras be turned on at all times and having break-out rooms for group discussions helped to bridge the virtual gap. Applicants will be contacted by a member of our Client Relations Team to discuss options for future programs and dates. This year's conference offered a unique opportunity to hear from a distinguished gathering of keynote speakers and panelists in their discussion of the current economic climate and issues of debt, investing, and restructuring across the globe. June 4-7, 2014 The discussion will draw on the recent syncreon restructuring as an example of a successful cross-border restructuring. Check back soon as we prepare to provide you with information on this yearsevent. San Diego, CA. The Wharton Restructuring and Distressed Investing Conference is the largest restructuring and distressed investing-focused school-run conference in the United States. We are proud to serve as an important forum for industry practitioners, academics, and students to gather and exchange ideas.Wharton Restructuring and Distressed Investing Conference .Assess restructuring and
Wharton Restructuring and Distressed Investing Conference 2020 Oaktree is the largest investor in distressed securities worldwide, and is reportedly seeking to raise at least $3 billion for a new distressed assets fund. We also have some positive news on the Microsoft-Activision deal from a judge. Welcome to the 13 th Annual Wharton Restructuring and Distressed Investing Conference. Enter code, https://www.eventbrite.com/e/17th-annual-wharton-restructuring-and-distressed-investing-conference-tickets-145285666339, Wharton Restructuring and Distressed Investing Conference 2021. In a virtual setting, that peer-to-peer interaction was very beneficial, and more of a personal touch than I expected. The Wharton Restructuring and Distressed Investing Club is an independent student-led organization of the Wharton School of the University of Pennsylvania. Partner and the Deputy Chief Investment Officer of Credit. Fairmont Copley Plaza Ph: (541) 858-1665 | Fx: (541) 858-9187 | aira@aira.org.
Wharton Restructuring & Distressed Investing Conference 2023 - Ticketleap Kelsey Letang, CFA - Associate - Apollo Global Management, Inc In particular, it offered a unique set of speakers and panels that address the current nuances of our late-cycle market behavior, and the new Covid Paradigm., Kirkland partners Edward Sassower interviewed a keynote speaker in a fireside chat and Steve Serajeddini led a panel on Distressed Hedge Funds: Perspectives on the Past Year and Beyond., The 17th Annual Wharton Restructuring and Distressed Investing Conference, English Court Crams Down Dissenting Landlords in Fitness Firsts Restructuring Plan, UK to Implement UNCITRAL Model Law on Enterprise Group Insolvency; Decision on Article X of Judgments Model Law to Follow, Kirkland Represents Steinhoff Financial Creditors on Holistic 10.4 Billion Restructuring, Including First Major International Dutch WHOA.
About | Wharton Restructuring and Distressed Investing Club Wharton Restructuring and Distressed Investing Conference. Through case studies, number crunching, memorable storytelling, lively discussions, collegial experience sharing, intense deal negotiations, and reading, Distressed Asset Investing and Corporate Restructuring provides a framework for thinking about investing and businesses that is actionable. This will include those working in hedge funds, private equity, or direct investment. June 6-9, 2012 You need to know what the value is going forward, and how leveraged the company is, for example, because if the business goes into bankruptcy your investment could disappear.. AIRA members are among the most trusted and sought-after professionals in matters dealing with limited capital resources and deteriorating operating performance. 1 Selected Bibliography for: Wharton Restructuring & Distressed Investing Conference 2020 Creating Value in a Late Cycle Credit Environment Friday, February 21, 2020 - The Plaza Hotel, New York City Keynote - Hon. This course has also helped me look internally and focus on those value creation drivers to enhance corporate value. Secondly, how do we structure them? Were going to introduce you to these players and show you how they think. Plus, Professor Kevin Kaiser could participate virtually in small breakout sessions to look into how we were solving a business case. First, why firms get into distress. largest restructuring and distressed investing-focused school-run conference in the United States. This conference would not be possible without the support of our sponsors, who enable these transformative discussions which continue to redefine the restructuring and distressed investingspace. I would recommend this course to others [em dash]not only to investors and attorneys, but also to executive management interested in developing a better understanding of value creation and sustainability.
Wharton Restructuring and Distressed Investing Conference 2023 Dallas, TX Contrary to what many think, a corporate near-death experience (meaning a company is approaching or in bankruptcy) does not necessarily mean it is the end and all is about to be lost. Throughout the year, the WGA coordinates, manages, and hosts student activities and initiatives. The Plaza, A Fairmont Managed Hotel The Wharton School hosts the largest restructuring and distressed investing-focused school-run conference in the United States. For assistance regarding refunds, program cancellations, or other program related matters, please contact our offices at (541) 858-1665 or by email aira@aira.org. Week 2: Monday and Tuesday. Distressed Asset Investing and Corporate Restructuring offers timely and highly relevant content to many different types of professionals. All content is the responsibility of the club. CROSS-BORDER REPRESENTATIONS Welcome to the 11 th Annual Wharton Restructuring and Distressed Investing Conference. Media Policy for Media Representatives, Financial Aid Policy available upon request. About; Officers; Blog; Events; Newsletters; Photos; Surveys; Members; Forum; Contact Us
Leaders in the companies they are investing in need to understand it too. AIRA's membership consists of accountants, financial advisors, investment bankers, attorneys, workout consultants, trustees, and others in the field of business turnaround, restructuring and bankruptcy. The live online format of the course was very effective. The 19 th Annual Wharton Restructuring and Distressed Investing Conference (WRDIC) will be held on Friday, February 24, 2023 at The Plaza Hotel, New York. All Rights Reserved. ", Erik AnerudAnalyst, BE Bio Energy Group. The paradox is clearly not holding Oaktree back. Panels . Conference Sponsors, 36th Annual Virtual Series It provided me with deep insight into the perspectives and incentives of the diverse stakeholders during the bankruptcy and turnaround process. Media Policy for Media Representatives, Kirkland & Ellis presents - The Evolution of the Distressed Investing Market, Weil presents - Recent Trends in Chapter 11: The Fate of Third Party Releases, Certain Liability Management Transactions, and Structured Dismissals, Miller Buckfire presents - Running on Empty: Automotive Suppliers Facing an Array of Challenges, Schulte Roth & Zabel presents - After Inflation and Rate Hikes: The Next Stage In and Out-of-Court, AlixPartners presents - Things Will Never Be The Same Again: The Permanent Impact of the Pandemic on Various Industries.
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