How to prepare for Distressed HF SA? (Looking for Reading Material, Etc.)

几个月前接受了一个苦恼的提议HFSArole (Cerberus/Oak Hill/Silver Point)。这是一个广泛的基金和不能给o much more detail for obvious reasons. I want to do my best to get a return offer and am currently looking to prepare for the role. Unfortunately, the space is pretty opaque and there isn't a lot of info/material available to learn from. Do people on here have any advice on reading material, newsletters, etc, or just general knowledge to drop in for me?

评论 (7

  • Intern咨询
6mo

谢谢你的建议。对此,我真的非常感激。应该已经澄清了,我已经经历了许多基础知识。Moyer,该网站,请愿书11新闻,等等。

最有帮助
  • PMPE - Other
6mo

I can drop my entire reading list later if desired (I would need to type it up). But fortunately, you are somewhat mistaken about the opaqueness of the industry; given that bankruptcies are legal proceedings (I acknowledge that corporate distress encompasses far more than in-court restructurings), there is necessarily an abundance of public information within the court docket. Every docket will include some first day declarations, which more-or-less describe the situation / how the company ended up in court; every time the debtor wants to do something outside the ordinary course of business, or any time a creditor wants to stop the debtor from doing something, a motion must be filed to explain the reasoning; if a plan of reorganization is to be passed, a disclosure statement must be distributed, which is supposed to contain all information necessary to inform a creditor prior to voting. I would suggest picking a few high profile cases (or perhaps cases that your firm was involved in) and doing a quick skim through the docket for the important documents (at least the first day declaration and the disclosure statement; besides that, motions that look interesting might be worth a skim. Most other documents are administrative fluff).

  • 5
  • Associate 2PE - Other
6mo

Understanding how the liability management transactions in the attached work would be valuable - also understanding Incora, especially if Silverpoint.

https://www.kslaw.com/attachments/000/008/178/original/revlon%E2%80%99s_brandcospin-fel__er_j._crew_revisited.pdf?1599234688

这是过度的,但Wachtell关于破产法与与破产法有关的事物的良好参考指南。

https://www.wlrk.com/webdocs/wlrknew/ClientMemos/WLRK/WLRK.28050.22.pdf

我了解权利产品如何运作以及如何获得后卫政党获得增强的经济学。

Analyst table stakes include being able to make a cap table in excel for presentation and being able to quickly drill down toFCFso coming in knowing how to do that without fucking up gives you some baseline competence in the eyes of your team. Try to dynamically recreate some of the simpler cap tables shown in the first day motions that rameau mentioned.

  • Intern咨询
6mo

谢谢你的建议。通过钻孔向下FCF,您是说应用各种重组调整和倒数额吗?好奇它是什么复杂的。

  • Associate 2PE - Other
6mo

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