Welcome to Bankruptcy News Makers. Here you’ll find breaking news on
hiring, promotions, company restructuring and other significant events across the bankruptcy industry.
Huron Consulting Group Expands Restructuring & Turnaround
Practice
Huron Consulting, a leading provider of business consulting services,
announced that Laura A. Marcero has joined the Company as a managing
director in the Restructuring & Turnaround practice. "We are pleased to
welcome Laura to Huron, where her extensive automotive supplier experience
will be a great complement to our existing middle-market manufacturing and
operational focus," said James H. Roth, chief executive officer, Huron
Consulting Group. "Laura has advised a large number of companies in
industries that have been heavily impacted by prolonged economic
downturns, including those that have dealt successfully with federal
government involvement in the private sector. She will be a tremendous
resource for our Restructuring & Turnaround clients across industries."
Marcero has more than 15 years of restructuring, turnaround and
transaction expertise across an array of industries. She is well known for
her work in the automotive sector and has advised automotive and
manufacturing companies through various development stages. Prior to
joining Huron, Marcero was a partner in Grant Thornton's Corporate
Advisory & Restructuring Services practice. She also served as the
automotive lead within their restructuring and Detroit practice. In
addition to the automotive and manufacturing sectors, Marcero has worked
in private equity, publishing, construction, steel, and investment banking
industries. At Huron, Marcero will be helping expand the Company's
automotive and manufacturing service offerings as well as advising clients
on strategic decision-making throughout the growth cycle and for companies
in transition. She has extensive experience working with the automotive
supplier community. Marcero is a Certified Public Accountant in Michigan
as well as a member of the American Bankruptcy Institute, Association of
Insolvency and Restructuring Advisors and the American Institute of
Certified Public Accountants. She will be based in Huron's Detroit office.
Ernst & Young LLP Announces Launch of Ernst & Young Capital
Advisors, LLC
Ernst & Young LLP announces the launch of its affiliate Ernst & Young
Capital Advisors, LLC (EYCA), a newly formed broker-dealer. EYCA joins the
global network of Ernst & Young firms, offering a broad range of
transaction and capital advisory services, including capital structure
advisory, capital raising, restructuring, and special situations finance
to middle market and larger corporate clients as well as creditors and
other investors. "We recognized that, in today’s environment, we had an
opportunity to leverage our capabilities in a powerful and unique way.
With rapidly changing financial markets, and increasing demands on
operations and people, clients need an advisor who not only understands
financial markets and a business’ capital life cycle, but who also
possesses deep industry knowledge, operational expertise, and a global
footprint. To combine all of these capabilities and offer them seamlessly
is an exciting step for us," said Rich Jeanneret, Americas Vice Chair,
Transaction Advisory Services Ernst & Young LLP. Leading the capital
markets and structuring effort at EYCA is Peter Sherman, Senior Managing
Director. Sherman has over 22 years of experience in the industry. Prior
to joining Ernst & Young, he was with Bank of America Merrill Lynch and
its legacy organizations focused on capital markets and advisory services
including leveraged finance, special situations finance, restructuring and
principal investing. “The firm has assembled a highly experienced team of
professionals and we’re excited about the opportunity to offer our clients
truly independent financial advisory services alongside the deep resources
of the global Ernst & Young organization," said Sherman.
Ventricelli Joins Capstone Advisory Group
Capstone Advisory Group, LLC announced that Daniel Ventricelli has joined
the firm as a managing director of its Litigation and Forensic Practice
Group. Ventricelli, who is an expert in areas of financial investigations,
litigation consulting and bankruptcy, will join Capstone's New York City
Office. Ventricelli has over 22 years of experience working with counsel
to conduct accounting and financial investigations, provide litigation
consulting and expert witness services and serve as forensic
accountant/financial advisor to trustees, debtors, lenders and committees.
Prior to joining Capstone, Ventricelli was at Protiviti where he served as
a managing director in the Litigation, Restructuring and Investigative
Services practice. Prior to Protiviti, he was a senior managing director
in the Forensic and Litigation Consulting segment at FTI Consulting. Ed
Ordway, executive director and co-founder of Capstone Advisory Group said:
"I am delighted to announce that Dan Ventricelli will be joining Capstone.
He will be an invaluable addition to the Litigation and Forensics Practice
and the New York Office."
Duane Morris Baltimore Office Adds Corporate Partner R. Timothy
Bryan
Duane Morris LLP is pleased to announce that R. Timothy Bryan has joined
the firm's Corporate Practice Group as a partner in its expanding
Baltimore office. His arrival strengthens Duane Morris' capabilities in
commercial transactions, corporate finance and bankruptcy matters. Bryan
joins Duane Morris from Patton Boggs LLP. In June 2010, Baltimore office
managing partner, George Nemphos, was named chair of the firm's worldwide
Corporate Practice Group, which includes more than 130 lawyers. Bryan
focuses his practice on representing lenders, other capital providers,
equity sponsors and portfolio companies in a wide range of debt
transactions, as well as representing private equity funds and emerging
and middle-market companies in investments and acquisitions. He also
provides general corporate advice to private equity and other companies.
In bankruptcy matters, Bryan represents creditors, including lenders and
other capital providers, in pre-petition loans, debtor-in-possession
financing and cash collateral matters; intellectual property licensors in
license assumptions and transfers; asset purchasers in bankruptcy sales;
and landlords. Bryan was formerly special counsel at the NASDAQ Stock
Market, Inc., in Washington D.C., where he advised the general counsel of
NASDAQ on appeals of decisions to delist companies from its regulated
electronic markets. Bryan serves as a director on the national board of
the Turnaround Management Association (TMA) where he has been the
president of the Chesapeake chapter. He co-chaired TMA's 2010 Spring
Conference in New York. He is also a member of the American Bankruptcy
Institute, the Association for Corporate Growth (ACG) and the American Bar
Association.
Verto Partners Hires Hylton as Managing Director
Verto Partners, LLC, a national corporate turnaround, restructuring and
performance improvement firm, announced that Deborah J. Hylton has joined
the firm as a managing director. She has led clients as a restructuring
officer, board member, consultant and legal advisor. She also served as
counsel in several successful turnarounds with GE Capital Corporation as
syndicate leader, for more than 15 years. By design, Verto Partners, LLC
is uniquely accomplished in all stakeholder aspects - from CEO, CRO, CFO,
and portfolio company managers to distressed private equity investors to
investment bankers and restructuring professionals. "We are delighted to
add Deborah to the Verto team. She has tremendous experience in a wide
spectrum of transactions across a range of industries. Deborah complements
the experiences of our team and enhances Verto's ability to add value to
companies in transformation," said Don Bibeault, co-founder of Verto
Partners.