Embed Size (px)
DESCRIPTION
REMINDERS The audience will be in listen-only mode. Listeners can e-mail questions to the panel via the Q&A box to the right of your screen. Select questions will be answered during the last 10 minutes of the program. - PowerPoint PPT Presentation
Citation preview
REMINDERS
The audience will be in listen-only mode.
Listeners can e-mail questions to the panel via the Q&A box to the right of your screen. Select questions
will be answered during the last 10 minutes of the program.
If you are having technical difficulties, please call customer support at 866-229-3239.
and
welcome you to our webcast:
Bankruptcy and Restructuring Outlook 2012
welcome you to our webcast:
Bankruptcy and Restructuring Outlook 2012
Introduction
Moderator:
Matt Millereditor at largeThe Deal LLC
Expert Panel
Harvey Millerpartner
Weil Gotshal & Manges LLP
Expert Panel
Tiffany Kosch managing director
HIG Capital Inc.
Expert Panel
Charles M. Mooresenior managing
director Conway MacKenzie Inc.
The state of bankruptcy: Today vs. 2010
0
10,000
20,000
30,000
40,000
50,000
60,000
2007 2008 2009 2010 2011
Bankruptcies,year endedJune 30
Source: Administrative Office of U.S. Courts
U.S. Business Bankruptcy Filings
52,134
59,608
55,021
33,822
23,889
Top 5 Sectors for Announced U.S. Bankruptcies
Year-to-date 2011
Real Estate 1,362
Retail 477
Leisure 371
Financial Services
280
Construction 263Source: The Deal Pipeline
Lessons learned from GM’s bankruptcy
0
50
100
150
200
250
2007 2008 2009 2010 2011
Announced Global Bankruptcies in the Auto Sector
66
119 112
224
99
Source: The Deal Pipeline
Impact of GM’s Chapter 11 on the restructuring of smaller players in the
auto industry
0
50
100
150
200
250
300
350
400
2007 2008 2009 2010 2011
# of announced363 auctions
Source: The Deal Pipeline
363 Auction Sales
182
254
388
335
217
05
101520253035404550
2007 2008 2009 2010 2011
Dollar amountand ( ) number offinancings
DIP Dollar Amount and Number of Financings
Source: The Deal Pipeline
$3.8 (225)
$13.6 (310)
$48.6 (430)
$18.6 (347)
$13.7 (237)
$B
Investment strategies in uncertain times
Impact of cash pileup on companies restructuring or filing for bankruptcy
The possible impact of the reordering of capital on bankruptcy/restructuring
Pension liability factor in restructuring/bankruptcy equation
Notable bankruptcy cases of 2011
Near-term outlook
Audience Q&A
thank you for joining our webcast
and
