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 plan assessment, strategic analysis, valuations, plan formulation, and negotiation of financial restructurings. Grossi specializes in cash flow forecasting and cash monitoring program development, business plan preparation and review, stakeholder negotiations, debt capacity analysis, and recapitalization alternatives.
Bankruptcy Management Solutions (BMS) has announced a new name and brand, Stretto, to reflect the company’s growth and evolution into a full-service bankruptcy-administration technology and services provider. Eric Kurtzman and Jonathan Carson, co-CEOs, partnered with investment funds managed by Stone Point Capital LLC in acquiring the business in 2017. Under their leadership, the company now offers a comprehensive range of fiduciary services for professionals, including an expanded suite of corporate restructuring solutions, a receivership-focused practice, and specialty deposits business line.
Charles N. Braley and Robb McWilliams have been promoted to managing director at AlixPartners. Braley and McWilliams are members of the firm’s Turnaround & Restructuring Services groups in Chicago and Dallas, respectively. Braley specialized in managing finance and treasury organizations, driving cost reductions, overseeing transaction management, and implementing contingency-planning services. McWilliams guides companies through the complexities of bankruptcy and crisis management. He holds a master’s degree in taxation from the University of Denver and is a CPA and a CIRA. Braley holds a bachelor’s degree in accounting from the University of Wisconsin – Milwaukee and is a CPA.
Deborah Enea has been elected as a finance partner at Pepper Hamilton LLP. She focuses her practice on leveraged finance transactions for private companies and private equity sponsors and their portfolio companies. Before practicing law, Enea spent 10 years working in commercial lending as a credit analyst with the CIT Group and as the finance program manager at an IT reseller. She holds a law degree from Emory University School of Law, a master’s degree in art history from Temple University, and a bachelor’s degree in art history from Colgate University.
Gordon Brothers has opened its third office in Australia, this one in Perth, and named Ben Gibson, an equipment valuation and auction industry veteran, to lead the new location. Gibson has more than 20 years of industry experience and has managed more than 3,000 valuation and asset disposition projects, both in Australia and internationally. Gibson was previously with Tiger Asset Group, where he served as executive director, Restructuring and Finance.
Michael Musso has been promoted to senior managing director at Conway MacKenzie in Atlanta, Jamie Chronister has been promoted to managing director in the firm’s Dallas office, and Michael DeFrancis has been promoted to senior associate in Detroit. A leader of the firm’s Consumer Packaged Goods and Grocery Practice, Musso has 30 years of experience in working with underperforming companies as CEO, CRO, and financial advisor. Chronister has more than 20 years of experience and specializes in providing business, financial, operational management, and bankruptcy advisory services. DeFrancis specializes in providing turnaround and crisis management, bankruptcy, and financial advisory services to performing and underperforming businesses.
David Quon has joined KeyBank Business Capital, the asset-based lending arm of Cleveland-based KeyCorp as a senior business development executive. Based in Chicago, he is responsible for originating, structuring, and growing the group’s asset-based lending portfolio for institutional and commercial clients. Quon has more than 25 years of experience as a strategic advisor and financial capital partner for publicly traded and privately held middle-market businesses throughout the U.S. and Canada. Most recently, he was a managing director at White Oak Global. Quon has a master’s degree in economics from the University of Southern California and a bachelor’s degree in finance from the University of Saskatchewan in Canada.
Natalie D. Ramsey, Davis Lee Wright, and Mark A. Fink have joined Robinson+Cole as partners. Ramsey serves as a chair of the firm’s Bankruptcy Practice Group, together with Michael R. Enright and Patrick M. Birney, the current co-chairs of the group, and is resident in the firm’s new Wilmington and Philadelphia offices. Wright’s practice focuses on bankruptcy-related litigation. He has represented secured and unsecured creditors, creditors’ committees, committee members, trustees, and debtors in proceedings under Chapters 7, 11, and 15 of the U.S. Bankruptcy Code, as well as public and private companies in restructuring efforts, including out-of-court workouts, prepackaged bankruptcies, and other types of reorganizations. He is resident in the Wilmington and New York offices. Fink focuses his practice on bankruptcy and restructuring matters. The three were formerly with Montgomery McCracken Walker & Rhoads LLP.
Reich Brothers Holdings LLC has announced the recapitalization of its affiliated finance company, now known as Reich Bros Structured Finance LLC. The asset-based lender provides credit facilities from $500,000 to $20 million in sale-leaseback, capital lease, term loan, secured loan, and other structured transactions to companies across a wide range of industries. As part of the recapitalization, Reich Bros Finance obtained increased credit facilities from an affiliate of Liquid Capital Corp., which also took an equity stake in the business. Liquid Capital is a Toronto-based commercial finance business that is in a joint venture partnership with Next Edge Capital Corp. a Toronto-based asset management firm.