23
May
Panel: Managing stressed and distressed lending positions
A challenging macroeconomic environment hampered by high interest rates continues to negatively affect sponsor-backed companies, ultimately leading to defaults on debt repayments. How will dealmakers manage their stressed and distressed debt positions in a continued downturn?
- Which sectors are most at risk of stress and distress?
- How have terms been eroded through EBITDA adjustments and other forms of financial engineering?
- How can dealmakers support company restructurings?
- What returns are direct lenders generating on debt-for-equity swaps?
- How do direct lenders navigate the reputational risks that come with key-taking?
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SpeakersPierre Laugeri Partner & Director BCG
Oliver Gill Director, Credit KKR
Kevin Daly Portfolio Manager, Emerging Markets Debt abrdn
Tom Astle Partner Hogan Lovells
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Pierre Laugeri is a core member of Boston Consulting Group's Transformation and Turnaround practice. He has led or participated in turnaround situations in more than 15 European based Global firms.
Pierre focuses on large-scale transformation and turnaround, improvement plan design and execution, repositioning, and carve outs and post-merger integrations. While Pierre started his career in 2000 at Novartis and has worked at Morgan Stanley institutional securities and AlixPartners, he was also the CEO of a food production and retail group. He joined BCG in November 2021.
Oliver Gill (London) joined KKR in 2020 and is a Director in Credit focusing on restructuring across KKR’s Credit strategies in Europe. Prior to joining KKR, Mr. Gill was part of the restructuring team at Rothschild & Co., where he provided corporate finance advice to shareholders, creditors and boards of distressed companies. Previously, he worked in the global restructuring group at the Royal Bank of Scotland. Mr. Gill holds a BSc (Hons) in Mathematics from Durham University.
Tom's clients include funds, investment banks and corporates involved in domestic and multi-jurisdictional restructurings. Tom has 19 years of experience in stressed and distressed situations. These include liabilities management exercises, refinancings, extensions, capital raises and injections and general stakeholder management. The majority have been implemented with successful negotiation of a consensual solvent solution, although he has regularly used Restructuring Plans, pre-packaged administration, CVA and/or a Schemes of Arrangement, to deliver his clients' preferred solution.