Lazard advises QVC Group on prepackaged Chapter 11 restructuring

A group of lenders to Getty Images has tapped Houlihan Lokey as financial adviser after the company scrapped its acquisition of rival Shutterstock. The group had previously roped in Gibson Dunn as legal adviser. W/ Reshmi Basu

EisnerAmper continues to combine with firms that complement our vast portfolio of services and go to market with the same client-centric mission. A big welcome to Martin Pichinson and Sherwood Partners, Inc., a Santa Clara-based firm recognized for its work in assignments for the benefit of creditors, corporate restructuring, receiverships, and distressed asset management. Read more about this exciting news here: https://okt.to/VU3Kqa

A Latham team led by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital Practices, Daniel Seale, Global Chair of the Banking & Private Credit Practice, Jennifer Buczek Ezring, Global Chair of the Asset-Based Lending Group, Victor Ludwig, JD, CFA, Andrew Parlen, US Chair of the Restructuring Practice, and Joe Zujkowski represented Strategic Value Partners, Oaktree Capital Management, and other financing sources in a #financing for QVC’s successfully completed financial #restructuring process. https://lw.link/mVxns8

Lessons in Corporate Finance Here’s what you’ll learn: • How corporate finance decisions revolve around three core areas: investing, financing, and cash flow management • Why product market strategy and financial strategy must align to create firm value • How capital structure, debt policy, dividends, and financing choices affect business decisions • Core valuation tools including NPV, WACC, FCFF, FCFE, and discounted cash flow analysis • How financial health is evaluated using ratio analysis, pro forma statements, and cash flow forecasting • Real-world applications through case studies on mergers, restructuring, bankruptcy, LBOs, and acquisitions 📚 Grab the Full 800+ Pages PDF file in high resolution here: https://lnkd.in/dW_FzvsQ

Centerview is serving as exclusive financial advisor to an ad hoc group of unsecured bondholders in QVC Group's $9.6 billion Chapter 11 restructuring. Press release: https://lnkd.in/gefviPBT

An asset roll forward is easy to draw and hard to trust. Beginning balance. Plus acquisitions and rewards. Less dispositions and fees. Ending balance. The formula is simple. What's hard is knowing every line earned its place there, and that nothing fell out of the count along the way. An unresolved transaction doesn't announce itself. It just doesn't show up, and the ending balance still looks tidy anyway. The riskiest number in a roll forward is never the one that's obviously wrong. It's the one nobody checked. What's the one line in your roll forward you'd least want an auditor to ask about?

White & Case LLP has advised DPC Holdings PLC (Doncasters) on its blockbuster initial public offering in the United States. The IPO was upsized and provided gross proceeds to the company of approximately US$1.1 billion after the underwriters exercised their option to purchase additional shares. The ordinary shares commenced trading on the New York Stock Exchange under the ticker “DPC.” Read more. https://ow.ly/fnI550Zp9lw

One of the most valuable aspects of restructuring is the opportunity to gain exposure to different perspectives. Each stakeholder often approaches a situation from a unique operational, financial or strategic viewpoint. Taking the time to understand these perspectives contributes to more balanced thinking, better communication and more informed decision-making. Every engagement is a reminder that successful restructuring is not only about solving financial challenges, but also about understanding the people and interests involved. #Restructuring #BusinessRescue #Stakeholders #CorporateRecovery #LearningInPractice

Fixing the balance sheet isn't the same as fixing the business. A preview of our conversation with restructuring attorney John Melko on the "Chapter 22" problem — companies that emerge from bankruptcy only to refile. Full episode of Reviving Giants: https://ow.ly/2iBQ50ZoxZk #Chapter11 #Restructuring #RevivingGiants #Bankruptcy

A valuation gives all included parties reliable information about a business’s financial worth and risk level to aid in strategic decision-making for: 🔹 A business sale 🔹 A merger agreement 🔹 Litigation proceedings 🔹 Investment negotiations 🔹 Succession planning 🔹 Estate planning 🔹 Compliance with financial regulations https://hubs.ly/Q04nMlV40 #CFOselections #BusinessValuation