Martin Bienenstock, co-chair of the bankruptcy and restructuring department at Weil, Gotshal & Manges LLP, has departed for Dewey & LeBouef LLP, where he will run the firm's bankruptcy group.
Alvarez & Marsal has established a group to focus on homebuilding industry restructurings. The firm selected managing directors Scott Brubaker and Andrew Hede to head the new practice.
The New York firm, which completed its spinout from the New York private equity firm Quadrangle Group this past week, has launched investment operations as an independent organization.
Seabury Group, a turnaround advisory firm and investment bank specializing in the aviation and transportation industries, Thursday announced the expansion of its advisory staff.
Deirdre Martini, former bankruptcy trustee for the Southern District of NY who worked on the Dana Corp and Delta Airlines bankruptcies, has left CIT Group, where she was a managing director and senior restructuring advisor since 2006.
|
|
C.P. Eaton Partners hired Loren Boston, a fundraising veteran and former global head of origination for Bank of America Merrill Lynch's private-equity funds group, as part of the advisory firm's efforts to grab market share from larger rivals.
Junk-rated companies are finding it easier and cheaper to raise money in the bond market and rely less on bank loans.
Loan and bond markets provide attractive terms. Some participants ask: is there too much supply from the industry sector?
Investment bankers have found that, at a time when food commodity prices are above historical levels, interest is heightened in cross-border transactions among agribusiness companies.
Shannon Lowry Nagles first day as a partner in Fried, Frank, Harris, Shriver & Jacobsons bankruptcy and restructuring practice may have been this week, but shes no stranger to Fried Frank partners such as Gary Kaplan and Brad Eric Scheler.