Financial advisor to the Official Committee of Unsecured Creditors for CHC Group, Ltd., one of the largest commercial helicopter service companies in the world that included an expedited fleet replacement strategy to right-size its fleet of approximately 230 helicopters, reducing its overall fleet by approximately 45 percent. Plan of reorganization was implemented through proceedings in the United States, Canada, and the Cayman Islands, that shed more than $2 billion in debt, paid back creditors, and saved most of the employee jobs across the globe.
In the backdrop of a changing industry and to address macro pressures, advised a division of global organization in the realignment of its cost structure. Particular focus include assessment and realignment of its organization structure, in particularly overhead, outsourcing opportunities, supply chain efficiencies and assessment and identification of strategic alternatives to monetize excess and surplus inventory.
Advised a foreign air cargo carrier regarding investment in a U.S. company that included identification of potential targets while addressing foreign ownership limitations, expansion of combined global network and identification of combined benefits.
Advised the private equity firm in the acquisition of a maintenance, repair and overhaul (MRO) provider located in South Africa that included financial and operational due diligence, business planning, cash forecasting, marketing strategy and global cash management system to ensure repatriation of funds to the U.S and a defensible transfer pricing methodology.
Led the pre-and post-merger integration of a $7 billion Tier 1 auto supplier that included the identification of key value drivers targeting annual synergies of over $250 million.
Served as financial advisor on numerous merger and acquisition transactions, along with financial and operational advisory support for a number of the firm’s investments. Services included quality of earnings assessment, business planning, operational due diligence, development and implementation of the transition services agreement, and pre- and post- merger integration activities driving target benefits.
Advised in an out-of-court restructuring for a tier 1 aviation supplier that included liquidity management, financial analysis of current operations and supplier agreements, identification of strategic alternatives for business expansion. In addition, performed contingency planning in preparation of a U.S. chapter 11 filing and concurrent British administrative filing.
Represented the secured lender group in the renegotiation of a $150 million facility where a Borrower’s business sector was undergoing a fundamental change resulting in a permanent decline in legacy revenues. Assisted in the development and execution of a multi-part strategy whereby the Borrower and a key competitor commenced simultaneous prepackaged Chapter 11 cases and implemented a merger through their respective plans of reorganization. This was a first of its kind transaction.
Advised the Official Committee of Unsecured Creditors for Delta Air Lines, Inc. including liquidity optimization, fleet analysis and related §1110 initiatives, labor analysis related to §1113 and §1114 issues, cost optimization, operational viability of the plan of reorganization and other related activities.