Diamonds in the Rough or Fool’s Gold: Strategies for Acquiring Distressed Energy Assets
By Jeff Anapolsky, Managing Director, Anapolsky Advisors & Jean Almonte, Associate, CohnReznick LLP
The energy industry is ripe with opportunities for cash-rich buyers to purchase distressed assets at bargain prices. Several strategies exist for a buyer to reduce its risks while acquiring assets at deep discounts, including the ability to participate in a Section 363 sale process as a credit...
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Jean Almonte is an associate in CohnReznick LLP’s Restructuring and Dispute Resolution Practice in Houston and focuses on preparing advanced financial modeling, complex valuation, capital markets analysis, competitive research, and investor presentations preparation. Almonte also provides forensic accounting and litigation support services, where she focuses on analyzing financial data, re-creating books and records, and conducting financial investigations.
Jeff Anapolsky is managing director of Anapolsky Advisors. Based in Houston, he has more than 20 years of experience involving more than 40 out-of-court workouts and Chapter 11 bankruptcies in multiple industries. His experience as an advisor, lender, investor, and lawyer enables him to unravel intertwined legal, financial, and operational issues. As financial advisor, turnaround consultant, interim management, or expert witness, Anapolsky advises clients on making difficult decisions with imperfect information.