Macquarie's Restructuring and Special Situations group advises companies, their creditors and other stakeholders regarding balance sheet restructurings, corporate finance transactions, strategic alternatives and mergers and acquisitions. Additionally, we have the ability to provide capital to invest with our clients in situations that are uniquely challenged or distressed from a financial or operational perspective.
Macquarie provides a full range of advisory services for debtors, creditors and other stakeholders. Our restructuring advisory services are provided in the context of early interventions, informal workouts, out-of-court restructurings and formal bankruptcy proceedings.
It is Macquarie's unique approach to the restructuring process and the depth and breadth of services and expertise we offer our clients that differentiate Macquarie from our competitors.
Macquarie's Restructuring Advisory team serves a diverse range of clients and stakeholders, including:
Harness the expertise and strength of a global platform and the focus, flexibility and specialization of our restructuring team:
Macquarie specializes in providing financial and capital advisory services for clients facing a number of challenges.
Macquarie aims to provide a broader solution set for our clients, by extending our capabilities beyond advisory to capital provider, investor and partner. By leveraging the diverse professional experience and investment expertise of our team members and Macquarie's ability to deploy capital, Macquarie provides creative, value-added solutions to clients where traditional avenues are unavailable.
Macquarie is focused on non-traditional and distressed financing situations outside of the usual high yield and loan markets.
Macquarie is able to underwrite and distribute capital in the following situations:
Our senior restructuring professionals have in excess of 20 years of restructuring experience on average. Their expertise covers a wide range of service offerings as well as industry sectors.
The team to deliver results:
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Senior Managing Director
T: (312) 756-3833
Mick Solimene is a Senior Managing Director at Macquarie Capital (USA) Inc. in Chicago where he runs the Restructuring and Special Situations Group. He has over 29 years experience as an advisor to companies and key stakeholders in executing a variety of complex capital structure transactions, including out-of-court and Chapter 11 debt restructurings, mergers and acquisitions and financings.
Mr Solimene was previously a founding principal and Managing Director at Giuliani Capital Advisors LLC where he led the Restructuring Advisory Group and was a member of the Board of Directors. He was also a Managing Director with the Global Special Situations Group at Banc of America Securities LLC where he managed a proprietary investment portfolio of distressed debt securities.
Mr Solimene holds an MBA from The University of Chicago Graduate School of Business and is a member of the Turnaround Management Association and American Bankruptcy Institute.
T: (212) 231-1210
David Miller is a Managing Director at Macquarie Capital (USA) Inc. and is the Chief Operating Officer of the Restructuring and Special Situations Group. Mr Miller has over 25 years experience in over 100 financing, M&A and/or restructuring transactions involving over $30 billion of transaction value. He has represented acquirers, companies, lenders, bondholders, unsecured creditors and private equity investors in transactions involving both private and publicly-traded companies.
Mr Miller was previously a Managing Director and founding member in the boutique investment banking firm Giuliani Capital Advisors LLC, which was formed in concert with the former Mayor of New York City, Rudolph Giuliani. Prior to that he was both a Partner and Managing Director in the investment banking practice of Ernst & Young Corporate Finance.
Mr Miller holds a BBA from Emory University, has completed the Executive Program from the Kellogg School of Management, and is a member of both the American Bankruptcy Institute and the Association for Insolvency and Restructuring Advisors, and also holds certifications as an Insolvency and Restructuring Advisor (CIRA) and in Distressed Business Valuations (CDBV).
T: (310) 557-4313
Martin Nachimson is a Managing Director at Macquarie Capital (USA) Inc. and is Head of the Los Angeles restructuring practice. As senior member of the group with over 40 years experience, Mr Nachimson has represented companies, lenders, committees,acquirors and other parties in connection with restructurings, including some of the nation's largest cases. His engagements have ranged across a wide array of industries.
Mr Nachimson's entire career has been with Macquarie and predecessors Ernst & Young, LLP/ Ernst & Young Corporate Finance/ Giuliani Capital Advisors. He is a Fellow of the American College of Bankruptcy and has been recognized also by being listed in the K&A Register of the 100 Leading Bankruptcy and Restructuring Lawyers and Financial Advisors in the United States.
Mr Nachimson holds an AB from Cornell University and an MBA from Columbia University. He is a member of the American Bankruptcy Institute and the American Society of Certified Public Accountants.
Macquarie's Restructuring and Special Situations team works with a broad array of clients across a range of industry sectors. Selected recent transactions are shown below.
|September 2013||Cenveo Inc.||Financial advisor to Cenveo Inc. in the acquisition of substantially all of the assets of National Envelope Corporation under Section 363||$US25m|
|May 2013||Ambac Assurance Corporatio||Financial advisor to the Special Committee of the Board of Directors of Ambac Assurance Corporation||$US1.6bn|
|October 2012||Fosbel, Inc.||Financial advisor to the 1st lien lender group of Fosbel, Inc.||Not disclosed|
|September 2011||Alabama Aircraft Industries, Inc.||Financial advisor to Alabama Aircraft Industries, Inc. in the sale of substantially all of it assets under Section 363||Not disclosed|
|August 2011||ArchBrook Laguna Holdings LLC||Financial advisor to ArchBrook Laguna LLC in its bankruptcy and sale process||$US30m|
|June 2011||GE Capital||Exclusive financial advisor to the Senior Secured Lenders of Prince Sports, Inc.||Not disclosed|
|June 2011||Wilshire State Bank||Exclusive financial advisor to Wilshire State Bank in the sale of a distressed loan portfolio||Not disclosed|
|May 2011||Summit Business Media||Financial advisor to the 1st lien lender group of Summit Business Media||$US175m|
|April 2011||Southern Connector||Exclusive financial advisor to the Senior Bondholders of the Connector 2000 Association, Inc.||$US238m|
|March 2011||Mesa Air Group||Exclusive financial advisor to the Official Committee of Unsecured Creditors of Mesa Air Group, Inc.||$US1bn|
|March 2011||Böwe Bell + Howell||Exclusive financial advisor to the 1st lien lender group of Böwe Bell + Howell||Not disclosed|
|December 2010||C&D Technologies||Exclusive financial advisor and sole dealer manager to C&D Technologies, Inc. in an exchange of Convertible Notes||$US124m|
|December 2010||Motor Coach Industries, Inc.||Financial advisor to the 1st lien lender of Motor Coach Industries, Inc.||Not disclosed|
|December 2010||Tensar Corporation||Exclusive financial advisor to Tensar Corporation in an amendment of its Credit Facilities and a recapitalization of the company’s balance sheet||Not disclosed|
|December 2010||Wilshire State Bank||Exclusive financial advisor to Wilshire State Bank in the sale of a distressed loan portfolio||Not disclosed|
|November 2010||General Growth Properties, Inc.||Senior co-manager to General Growth Properties, Inc. for a Common Equity follow-on offering as part of the company’s reorganization||$US2.28bn|
|August 2010||Inland Real Estate Corporation||Sole deal manager on Inland Real Estate Corporation’s successful tender of outstanding 4.625% Convertible Notes due 2026 for cash and new notes||$US44.2m|
|May 2010||Varel International||Financial advisor to the 1st lien lender group to Varel International||Not disclosed|
|April 2010||C&D Technologies||Placement agent and exclusive financial advisor to C&D Technologies for its senior secured 2nd lien term loan facility||$US20m|
|February 2010||Prince, GE Capital||Financial advisor in the capacity as Agent of 1st lien lender group||Not disclosed|
|January 2010||JT Packard||Financial advisor to JT Packard in its sale to Thomas & Betts||Not disclosed|
|January 2010||Taurus Aerospace Group||Financial advisor to the Taurus Aerospace Group in executing an amendment of its Senior Secured Credit Facility||Not disclosed|
|December 2009||Lazy Days' R.V. Center, Inc.||Financial advisor to Lazy Days’ R.V. Center, Inc. in its consummated pre-packaged Plan of Reorganization pursuant to chapter 11 of the Bankruptcy Code||Not disclosed|
|December 2009||Patriot Capital Funding||Financial advisor to Senior Secured Lenders of Patriot Capital Funding on Full Repayment of Defaulted Credit Facility||$US197m|
|October 2009||Express Energy Services||Financial advisor to the Debtors of Express Energy Services in the company’s Chapter 11 bankruptcy protection proceedings||Not disclosed|
|September 2009||MagnaChip||Financial advisor to the 1st lien lender group of MagnaChip||Not disclosed|
|September 2009||Dayton Superior Inc.||Financial advisor to 1st lien lender group of Dayton Superior Inc. in its successful exit from Chapter 11 proceedings||Not disclosed|
|July 2009||Georgie Gulf Corporation||Financial advisor to the 1st lien lender group of Georgia Gulf Corporation in its successful amendment to its Sr. Secured Credit Facility in conjunction with a debt for equity exchange||Not disclosed|
|June 2009||Kimball Hill Homes||Financial advisor to the 1st lien lender group of Kimball Hill Homes||Not disclosed|
Head of Restructuring and Special Situations