How Distressed Lenders Are Navigating an Uncertain and Volatile Environment
By Marc Sullivan, CTP, & Bayard B. Hollingsworth, CTP, Managing Directors, Phoenix Management Services
When investing in distressed or “storied” situations, today’s lenders must double down on the energy and thoughtfulness of their approach to succeed in an environment characterized by unprecedented uncertainty and volatility. Because the road to recovery for the situation will likely be impacted...
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Bayard B. Hollingsworth, CTP, is a managing director at Phoenix Management Services, an operations-oriented firm focusing on strategic transactions and corporate renewal. He is a corporate leader with almost 30 years of experience managing and advising clients in high-growth, turnaround, and transaction-driven situations. Hollingsworth’s balanced perspective is derived from his years of successfully serving as a cash flow and secured lender, private equity investor, seated fiduciary, turnaround consultant, and a leader of capital raising projects.
Marc Sullivan, CFA, CTP, is a managing director at Phoenix Management Services, an operationally focused turnaround management firm. He is a financial leader with more than 25 years of experience managing and advising clients on complex transactions and situations. Sullivan is a member of the TMA Global Board of Trustees, in addition to being a member of the board of directors of the TMA Atlanta Chapter.