1. Search Results

  2. BEST Restructuring experience in London

    Hello monkeys, I wanted to get an impression on the best restructuring experience in London in terms of skill building and exit opps. I assume that specialist programs like Evercore/ HL /RS prep analyst better for distressed roles than generalist places l ...

    25 comments - 6 silver bananas - Jun 4 2018 - 11:00am -

  3. AMA: Credit Analyst at +$5B Distressed Shop

    Have lurked on WSO on-and-off since pre-crisis days. Reading the material on here helped me get my first internship- time to give back. Happy to answer anything and everything. Quick background below.- Beginning third year as investment analyst at a $5B e ...

    100 comments - 18 silver bananas - Apr 27 2014 - 2:00pm -

  4. I'm a London-based Distressed Debt Analyst- AMA

    I did 1 year at one of the top restructuring shops (BX, HL, Moelis etc) and then moved on to a credit fund. I've been here for 1.5 years and love every minute of it. We've historically focused on the distressed/special sits (control and non-cont ...

    70 comments - 5 silver bananas - Dec 22 2014 - 2:59pm -

  5. Exit opps: Best way to maximize chances at distressed debt / distressed PE?

    Hi guys, I am a first year analyst at a BB, and I have grown more interested in distressed securities hedge funds and distressed private equity. It looks like the work would involve both value investing style analysis and dealing with, at times, complicat ...

    49 comments - 0 silver bananas - Apr 11 2017 - 7:58pm -

  6. Restructuring / Distressed Companies

    Hi, what book (books) would you consider a must-read for anybody who is planning to buy a distressed business and try to bring it back to life? (I am aware that real methods can come just from experience, but any sources that will provide some insight on ...

    12 comments - 2 silver bananas - Mar 20 2018 - 2:00pm -

  7. Credits / Investments per Analyst

    New account for this one. Curious how many credits / investments you cover, ie currently invested in? What is a normal range per analyst. How does it differ per strategy? Distressed/ HY /Leverage Loan/CLO/IG/equities? Also does it differ based on industry ...

    19 comments - 0 silver bananas - Sep 17 2015 - 3:52pm -

  8. Miller Buckfire- Thoughts or comments?

    Anyone have any thoughts on Miller Buckfire as a firm? Typical datapoints (ie comp, lifestyle, exit opps, etc) and/or any other relevant comments would be greatly appreciated. Thanks. distressed restructuring Miller Buckfire Restructuring Offer distress ...

    21 comments - 0 silver bananas - Apr 22 2016 - 6:07pm -

  9. Best European RE funds (UK + Continental) + Background

    Hello fellow monkeys, Out of curiosity, which one are the best RE funds in Europe at the moment? And also, what special situations/ NPL funds are there in Europe? I was thinking along the lines of BX RE Debt, Cerberus but not many other names come to mind ...

    9 comments - 3 silver bananas - Apr 5 2018 - 6:54pm -

  10. Buying distressed: microcap? Small businesses?

    It is fairly common for the unsecured debt holders to end up controlling the equity as part of a restructuring. Does this ever happen with small companies? Can <$1m EBITDA companies access the unsecured credit market to begin with? Do small, local busi ...

    19 comments - 0 silver bananas - Jul 29 2011 - 5:15pm -

  11. Elliott Management / Elliott Associates

    What's the word on this hedge fund run by Paul Singer? They seem almost as secretive as Rentech. Anyone who has information to share- I would appreciate hearing it. Thanks... hedge fund distressed ...

    19 comments - 0 silver bananas - Apr 1 2009 - 10:07pm -

  12. Choosing post-banking career path & how you made that decision (PE, Distressed, L/S, etc.)

    Fellow monkeys, I'm a banking analyst here in London and I am trying to make up my mind on which route I want to go down post-banking. Unlike many others I haven't really hated my time in banking as I have learned a ton and worked with great peo ...

    10 comments - 0 silver bananas - Feb 24 2015 - 3:00pm -

  13. Megafund Credit Arms

    What is the general reputation, pay, culture, exit ops, etc. of the credit arms of megafunds i.e. Sankaty, TPG Credit, KKR AM, etc.? Looking for information on a pre-MBA associate role. Any help or insight is much appreciated. hedge fund credit distressed ...

    12 comments - 0 silver bananas - Apr 30 2013 - 1:05am -

  14. 13 Week Cash Flow- How to do it?

    Hey Everyone, I'm interested in learning about the 13-Week Cash Flow model that is used in turnaround/distressed situations. Does anyone have any good resources? I'm going to be interviewing for a role in our distressed group and I'm going ...

    12 comments - 0 silver bananas - Dec 28 2008 - 9:00pm -

  15. REPE debt fund- what kind of excel modelling is typical?

    I'm preparing for an interview with a REPE Debt Fund (hence my prior posting regarding this topic). I was curious to know what types of financial models are typically used. The folks I'm interviewing with typically purchase portfolios of distres ...

    9 comments - 0 silver bananas - May 7 2014 - 10:45pm -

  16. Distressed M&A, a good place to learn?

    What do you guys think about working in distressed M&A sector as your first internship into the IBanking sector? Is it a good learning experience or is it too specific? distressed ...

    9 comments - 0 silver bananas - May 30 2010 - 10:03pm -

  17. Distressed Debt Analyst opportunities

    Hi, I might have an opportunity to go to a distressed debt HF but have many questions on this as very unfamiliar w debt investing (I come from a traditional BB IBD analyst background) Do you still look at the industry? Try to anticipate trends? Do some qu ...

    8 comments - 0 silver bananas - Jul 12 2012 - 5:34pm -

  18. Deleted_Deleted

    Deleted distressed ...

    7 comments - 0 silver bananas - Feb 1 2015 - 9:42pm -

  19. Aurelius Capital Management- more information about them and Ambac

    Does anyone know anything about Aurelius? The only things I've found on them is that they're $2bn AUM and they're involved in the Ambac situation. I saw that someone asked about them earlier this year, but no responses. hedge fund distresse ...

    7 comments - 0 silver bananas - Mar 10 2017 - 5:51pm -

  20. DCM To....

    Hi Guys, Had some queries for people who are experienced in this area of expertise. I am a first year analyst at a top BB (think MS/ GS etc.) and I work in DCM within the high grade sovereigns team. While initially interested in this sort of work, I have ...

    8 comments - 0 silver bananas - Apr 11 2011 - 3:31am -

  21. Credit / Distressed Fund Modeling Test

    What are these interviews like? Specifically, if there was a modeling test, what kind would it normally be (straight 3-statement, PE-type LBO, or restructuring type)? If it's more restructuring / credit related, can someone shed some color on what th ...

    7 comments - 0 silver bananas - Sep 21 2012 - 3:17pm -

  22. Sourcing Distressed Opportunities

    I watched an interview of George Schultze who says his company maintains a database of companies that they track into distress. In one post from Distressed Debt Investing he describes poring over any and all bankruptcy dockets 1) out of interest but 2) as ...

    5 comments - 1 silver bananas - Sep 14 2017 - 2:18pm -

  23. Distressed debt models

    I am looking for a distressed debt model. Any help appreciated to locate a model that is available on line. If not a on line link, I would be happy to get any written material or book that can outline a working distressed debt model. Thanks for your kind ...

    7 comments - 1 silver bananas - Feb 25 2010 - 9:17am -

  24. Best restructuring / turnaround PE shops

    Hi Looking for very good restructuring shops a la SVP- anyone working in similar shops (distressed / turnaround PE) and can share experience? Thanks distressed restructuring turnaround ...

    6 comments - 0 silver bananas - Nov 11 2014 - 10:01am -

  25. Credit Funds- Job Search Help / Advice

    I have spent the past several weeks looking for opportunities with credit funds (both performing and distressed). With little to no progress made, I think I need some advice on how to find opportunities, gain traction, land interviews, etc. Thanks in adva ...

    6 comments - 0 silver bananas - Jul 19 2011 - 10:47pm -

  26. Advice on Choosing Offers

    Hi all, I am currently in a position where I am choosing from some offers, and I would like some advice from the community to help me decide which one would be the best to choose. The first offer is for an analyst position at a PE Fund of Funds that has o ...

    6 comments - 0 silver bananas - Jan 8 2009 - 2:32am -

  27. Restructuring: Accountants vs. Lawyers

    I posted this on the restructuring group forum but I might as well get everyone's opinion: I noticed that most of the MDs at places like HLHZ and Close Brothers had backgrounds in law or accounting. Seeing as I graduated last Spring, an analyst stint ...

    6 comments - 0 silver bananas - Jan 7 2009 - 3:14pm -

  28. Who is behind Distressed Debt Investing???

    I do not expect to get an answer to this, but you never know so i'll test how small the world really is! One of my favorite sites is Distressed debt investing, Does anyone on here know who is the guy running it? Needless to say bananas and lot's ...

    5 comments - 0 silver bananas - Jan 28 2012 - 12:11am -

  29. MSRED- > Distressed Shops

    Hey y'all I was accepted to a top MSRED program (MIT/Columbia/Cornell). I have a few years of work experience at a boutique development shop doing some pretty unusual/interesting developments in the US and Japan. I recently read Moyer after a friend ...

    3 comments - 2 silver bananas - Apr 10 2019 - 7:52am -

  30. Restructuring Recruiting

    Background in distressed debt investing. In at top B-school. Looking to recruit for restructuring boutique and wondering how recruiting for these shops differs from the BBs. Also any thoughts on what the demand is from these shops as the economy is beginn ...

    5 comments - 0 silver bananas - Apr 27 2010 - 1:39pm -

  31. Cyrus Capital

    have an interview coming up with one of the partners for a position in distressed. i got the basic info from their website (employees, AUM, strategy, etc). anyone have additional information such as culture, track record, etc? thanks. distressed ...

    4 comments - 0 silver bananas - Jan 29 2018 - 12:37pm -

  32. Covenant lite/covenant none

    Hello everyone, Europe has been seeing the emergence of covenant lite/covenant none financing since 2011/2012, maybe even longer and I was wondering what this will mean for the distressed investor. Since many of distressed for control plays are based on c ...

    3 comments - 2 silver bananas - May 20 2018 - 6:32am -

  33. Debt/Credit Fund Interview

    All- wanted to get your take on where I can learn more about investing from a debt standpoint. Read the Moyer distressed debt book and although it is great, wanted to gain more insight to what debt investors think about vs. equity, not just distressed but ...

    4 comments - 0 silver bananas - Dec 1 2012 - 4:45pm -

  34. Restructuing/Distressed Clubs, Associations

    I'm looking to join associations, clubs or the like focusing on corporate restructurings, distressed investing, high yield and so on. Would appreciate people's recommendations! distressed restructuring clubs ...

    4 comments - 0 silver bananas - Nov 11 2011 - 11:09pm -

  35. Restructuring- Advice

    Hey Everyone, I was wondering if you all had advice on how to prepare for a summer internship restructuring role. I'm going to try to read Moyer's "Distressed Debt" book, but are there any other tips you have? Are there any online cour ...

    3 comments - 0 silver bananas - Nov 17 2015 - 8:44pm -

  36. From restructuring advisory to distressed hedge fund- post MBA

    Hey guys- I'm an MBA at Wharton right now. I want to end up at a distressed hedge fund but did not do banking before (been in finance before but not i banking). How good are my chances of being able to make a move to a distressed hedge fund after wor ...

    3 comments - 0 silver bananas - Oct 23 2014 - 12:42am -

  37. Analysts Going from Distressed PE to Hedge Funds?- Common for analysts?

    How common is it for analysts at distressed PE shops (think Apollo or Cerberus) to move to a HF at the end of their two-year stint? Are they limited to distressed-focused HFs, or can they move to L/S, event-driven, and other types of funds? From what I� ...

    3 comments - 0 silver bananas - Apr 17 2016 - 9:03pm -

  38. Buyside (Fam Office, Direct Investing MM)---> Rx (Offer on Table) Make Sense?

    Might be unconventional, but it's a generalist M&A /Restructuring Assoc offer in NYC from a boutique. Background: I graduated w BS from a target and spent <1yr at an m&a boutique, then 2-3yrs at a private investment vehicle of a family off ...

    2 comments - 1 silver bananas - May 28 2019 - 11:12am -

  39. Distressed debt loan closer: dead end or good experience?

    I am looking into a possible temp to perm position at an investment firm as a junior distressed loan closer. Would I be able to leverage this experience to get a distressed debt or leveraged finance analyst role? Loan closer seems more of an MO position; ...

    3 comments - 0 silver bananas - May 30 2013 - 8:36am -

  40. Locating the fulcrum security

    Hi Everyone, I'm trying to understand how to find the fulcrum security for a distressed company and unsure where it is. I'm doing this for a PE distressed debt fund that wants to take ownership of the firm after bankruptcy. I understand the more ...

    3 comments - 0 silver bananas - Aug 29 2012 - 9:39am -

  41. Which opportunity is bettter long term?

    Which option would you choose if you wanted to have better exit ops to hedge funds and top MBA chances. 1) BB Restructuring Group- does internal advisory on distressed situations. 2) Private Equity Real Estate Fund = about 12 ppl, make mezzanine investmen ...

    3 comments - 0 silver bananas - Jan 7 2012 - 10:57pm -

  42. Japan Distressed Investing

    All: Don't mean to exploit a bad situation, as my heart goes out to those affected in Japan. However, I stood prudent while friends made money on past events such as Greece, Ireland, etc. When and where to put money in Japan? trading Banking sales di ...

    3 comments - 0 silver bananas - Mar 15 2011 - 9:34am -

  43. learning distressed/special situations investing

    how hard is it to learn distressed debt? my goal is to go to a distressed/special situations hedge fund, and i' m in ER right now. ER doesn't really prepare you for this so i wanted to see what thoughts people had. [let me preempt anyone who say ...

    3 comments - 0 silver bananas - Mar 9 2011 - 5:26pm -

  44. Carlyle Distressed/Special Situations

    Does anyone have any insight on this group? There seems to be little to no information out there apart from their website. Topics of interest include mandate, performance, comp, hours, etc. Carlyle distressed special situations private equity ...

    2 comments - 1 silver bananas - Oct 20 2018 - 2:42pm -

  45. Finding and understanding Credit Agreements- a call for help

    I'll be on an rx deal team by the Summer. Cap stacks for days, apparently. Any insight would be great regarding credit agreements, To be specific, does anyone know how to search for credit agreements via SEC? Is there a specific filing type or are th ...

    2 comments - 1 silver bananas - Mar 1 2018 - 2:45pm -

  46. Distressed

    Hello everyone distressed ...

    2 comments - 0 silver bananas - May 16 2015 - 6:46am -

  47. Distressed debt / private credit--UK or US?

    Hi guys: I was wondering if someone could comment on the differences between doing distressed debt/private credit type of investments in UK/London (or other EMEA centers?) VS in the US please? I'm very interested in this space, and was wondering how ...

    2 comments - 0 silver bananas - Nov 2 2014 - 9:33am -

  48. Distressed Real Asset Investors

    I wasn't entirely sure where to ask this but is there much of a market for distressed natural resource investors? By that I mean opportunistic investors in farmland, timber, mining etc... PE firms, vulture funds, commodity traders? Anyone know of goo ...

    2 comments - 0 silver bananas - Jan 18 2014 - 6:00am -

  49. Question about Apollo's distressed investments

    Does anyone know if Apollo invest in distressed debt/distressed for control situations out of their credit fund or PE fund? I think they have like $60+bn in credit. I know they've invested in portfolio company debt like Lyondell and Realogy, and that ...

    2 comments - 0 silver bananas - Sep 30 2013 - 12:17pm -

  50. Emerging Markets Real Estate Private Equity Interview vs BB Lev Fin vs BB LATAM DCM

    I'm currently in a really shitty group at a Middle Market IBank. Not in New York, New York hours and shitty compensation... ...

    2 comments - 0 silver bananas - May 14 2011 - 12:17am -

  51. PE Fund of Funds or Distressed Mortgage Shop

    Hi, I recently posted a thread regarding offers, and I would like to ask for more advice from the community. I am currently deciding between a PE fund of funds (> $18 bn AUM) and a distressed mortgage buyer. People wrote that the distressed mortgage fi ...

    2 comments - 0 silver bananas - Jan 15 2009 - 4:45pm -

  52. Does one need to be particularly good at math to work at a credit hedge fund?

    I've got to decide which direction I'm going to take, & when it comes to hedge funds, I'm most interested in things that fall under the credit side--special situations, distressed debt, & activism (I know that's not exclusively ...

    1 comment - 1 silver bananas - Apr 30 2019 - 11:46pm -

  53. Loan to own / Debt for equity swaps in Europe (Funds)

    Hi everyone, what funds do controversial distressed situations in Europe? I am thinking about debt to equity swaps, CDS plays (like the one GSO did where they forced covenant breach and collected on the CDS), loan to own etc. I am thinking about Oaktree, ...

    1 comment - 1 silver bananas - May 17 2018 - 7:04am -

  54. WSO Restructuring Modeling

    Hi, anybody can give feedback on WSO Restructuring Modeling course? Any other suggestions that you would have to get some knowledge, particular books that are a must-read for restructuring / distressed? Thanks! resturcturing distressed WSO courses ...

    1 comment - 1 silver bananas - Mar 18 2018 - 2:51pm -

  55. Tenex Capital Management- Info/Culture?

    Does anyone have any info on Tenex Capital Management? From what I can find, looks like there an operationally focused distressed PE shop started by a few Cerberus guys. Any info on the firm in terms of types of investments/culture/reputation would be gre ...

    1 comment - 1 silver bananas - Sep 1 2017 - 9:43pm -

  56. Pre-MBA internship at distressed PE/activist fund?

    Hi everyone: I'm an incoming student at a W/C/Booth type MBA program with previous experience in debt and VC outside of US. Pre-MBA, I'd like to seek a pre-MBA internship with a distressed PE /activist fund in US through school networks (my unde ...

    - 0 silver bananas - Feb 13 2017 - 11:00pm -

  57. From post-investment portfolio management to PE

    Hi fellow monkeys: I graduated from college in 2012, and was wondering if I can seek your advice on how I can transition into a PE role at a decent platform please? I knew I liked investment due to the intellectual aspect, but was not very clear on what k ...

    - 0 silver bananas - Jun 7 2016 - 7:42am -

  58. Gulf Keystone liquidity

    needs payments from KRG rapidly, cash WILL run out at some stage in 2015, even with 10/12 million per month- beware. Colheadlin's blog distressed oil E&P GKP LN Gulf Keystone ...

    - 0 silver bananas - Feb 4 2015 - 5:11am -

  59. HIG Bayside Modeling / In Person Interview

    Hi everyone, I have an hour in-house modeling test and an hour in-person interview for Bayside coming up (First round). I was wondering if anyone has been through this process and knows what to expect? Thanks a lot in advance. bayside capital distressed ...

    - 0 silver bananas - Mar 14 2016 - 7:50pm -

  60. The art of Distressed M&A- is this cheap impossible?

    http://www.aliexpress.com/item/The-Art-of-Distress... distressed restructuring distressed M&A ...

    1 comment - 0 silver bananas - Jan 27 2015 - 4:25pm -

  61. How to value bank loan of a distressed privately held company?

    Hi guys, I'm trying to value a $1bn bank loan (due 2016) of a privately held company and I could use some help here (yeah..marketing background...). This loan is currently trading at 60c (the company's EBITDA is ~$50m) I'm assuming I have t ...

    1 comment - 0 silver bananas - May 3 2014 - 7:51pm -

  62. Creation value concept in distressed valuation

    Is anyone familiar with the "creation value" concept in distressed valuation? Ie. if the current capital structure is 500 senior secured term loan, and 500 of unsecured subordinated notes. Say you purchase the notes for $0.50 on the dollar. Ofte ...

    1 comment - 0 silver bananas - Oct 13 2012 - 7:29pm -

  63. Trading vs IBD for Distressed Fund in Asia

    For joining a distressed hedge fund focused upon investing in Asia: would a IBD analyst role (involving say 80% IPO, 20% M&A deal experience) a distressed debt trading analyst role have the upper hand in applying for an investment role with the fund? ...

    1 comment - 0 silver bananas - Jan 3 2011 - 7:57am -