Trending Content - Private Equity Forum
| +60 | Working on Juneteenth | 35 | 10h |
| +24 | From Public Equities to Private Equities | 4 | 5d |
| +22 | Hardest time I have ever seen to be a GP | 3 | 1d |
| +18 | Weighing exit from LMM PC/PE | 2 | 3d |
| Search Fund Internship Vs. Internship at my family's Family Office | 10 | 1d | |
| +15 | Healthcare PE | 6 | 1d |
| +15 | KKR comp for Principal | 10 | 19h |
| +15 | Anyone have intel on Aterian Investment Partners? Culture, Comp, Performance? | 9 | 4d |
| +14 | How to Get on Career Track / Stay Post ASO years | 4 | 15h |
| +12 | LMM groups within larger platforms? | 1 | 5d |
Career Resources
Interested as well
Houlihan has a good case study that they put together for their website a long time ago. I remember when I was first interested in restructuring I enjoyed reading through it. See below for the link.
https://www.hl.com/library/bsttcacs.pdf</a">https://www.hl.com/library/bsttcacs.pdf
If this is the RuffCo one im already familiar with it, thanks for posting though
thank god good ol' slick was taking care of things... classic read
also it was very suspenseful, who would have guessed which investment bank would be brought in?
"In the RuffCo Golf situation, the Company naturally decides to hire Houlihan Lokey (“Houlihan Lokey”) (it is, after all, our case study), an investment banking firm with unsurpassed financial restructuring and distressed company M&A expertise"
but interested as well, bumping thread
Neither primer nor case study but The Caesar’s Palace Coup is a great read. It recounts the Caesar’s Palace bankruptcy and how the distressed HFs Oaktree Elliott and Appaloosa outplayed Apollo.
“Outplayed” is not the right word. Apollo made countless moves to buy themselves optionality and it allowed them to salvage their equity.
Ultimately their original equity was zeroed out. They injected new money as part of the restructuring which became the equity which you are talking about. And when I say outplayed I am referring to Appaloosa largely winning on fraudulent conveyance on the Caesar’s Growth transaction and Elliott with their purchase of default swaps and then forcing bankruptcy through the courts making their swaps pay out. Keneth Liang from Oaktree had some big moments too.
Ultimately it was not the worst outcome possible and their LPs appreciated the effort.
Bankruptcy law primers: here and here. You could also try the restructuring interviews.com guide.
Sint sapiente maiores tenetur dolores fugit corporis eveniet. Labore reprehenderit eveniet eligendi ullam ipsa ut. Rerum vitae hic laborum reprehenderit error et minima.
Voluptatum alias et qui quod. Corporis voluptatum sed in enim quae iusto. Perspiciatis sed illo repudiandae beatae consequatur ratione architecto.
Voluptas qui soluta laborum aut et iste. Quia sed minima perferendis quia odit repudiandae et vitae. Unde quas nostrum quia dignissimos aut suscipit corrupti dolorum. Omnis dolores qui omnis velit sunt ea.
Eum itaque eos harum ut. Et libero exercitationem dolor eum quia doloribus. Vel maiores quaerat deleniti voluptas in. Veritatis maxime qui quas. Vel qui dolore magni ut consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...