The Melting ICE Cube: Financing Risk Ahead for Automotive Suppliers
By Adam Hollerbach, Managing Director & Michael Eisenberg and Bill Kocovski, Directors, AlixPartners
Few industries are as impacted by macroeconomic pressure, global supply-chain disruption, and technological changes as the automotive industry. Over the past year, the sector has enjoyed light vehicle demand that significantly exceeded supply, and this is a major factor in Wall Street taking a...
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Bill Kocovski is a director with AlixPartners. He develops and implements solutions for companies in transformational situations, such as turnarounds and restructurings, merger integrations, carve-outs, spin-offs, operational improvements, and other high-impact situations. His more than 20 years of experience also include analyzing and developing business plans and restructuring alternatives, holding interim management roles, and setting up stand-alone overhead functions, accounting and finance processes, cash management, transaction due diligence, working-capital improvement, product profitability analysis, financings, and transaction support. Kocovski previously was with General Motors.
Michael Eisenberg is a director in the Turnaround and Restructuring Services group at AlixPartners, based in New York. He has more than 10 years of restructuring advisory experience specializing in contingency planning, liquidity management, and business planning. He has helped clients manage financial and operational challenges across the automotive, energy, industrials, and financial services industries. Eisenberg holds an MBA from Leonard N. Stern School of Business at New York University and a bachelor’s degree from the Robert H. Smith School of Business at the University of Maryland.
Adam Hollerbach is a managing director in the Turnaround & Restructuring Services practice at AlixPartners. He lives in Detroit and has spent more than 20 years in the restructuring space with a concentration in the automotive industry. In that time, Hollerbach has served clients in advisory and interim management roles, both in finance and operations. He has worked with large public companies as well as private, middle-market clients across a variety of industries. He holds a bachelor's degree from the College of Charleston and is a CIRA.