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Ken Mann and attorney Irv Walker discuss what to do if you have breached a loan covenant

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An interview with Irv Walker, Managing Partner, Cole Shotz

Published on Mar 7, 2017

Irv Walker, Managing Partner of Cole Shotz’ Baltimore Office, provides an overview of what steps a company should take when they breach a loan covenant. Irv shares ideas on the best way to approach your lender if you know you’ve breached a covenant but the lender does not. Additionally, insight is shared on what to have prepared and what to be prepared for when approaching a lender after a covenant breach. Irv also explains how once a company brings in professionals they can significantly increase leverage and negotiating ability with the lender.

Ken Mann and Michael Viscount, Partner at Fox Rothschild, Discuss Filing for Chapter 11 Bankruptcy

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An interview with Ken Mann, Senior Managing Director of Equity Partners HG, and Michael Viscount, Partner at Fox Rothschild LLP

Published on September 9, 2016

Ken Mann, Senior Managing Director of Heritage Equity Partners, speaks with Michael Viscount, Partner at Fox Rothschild LLP about filing for Chapter 11 Bankruptcy.

What Can Borrowers Expect in Today’s Distressed Lending Environment?

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An interview with Jerry Jansen, Principal, Ares Commercial Finance

Published on Jun 24, 2016

Jerry Jansen, Principal of Ares Commercial Finance, examines today’s landscape for companies seeking financing through non-regulated lenders. With regulated banks not refinancing turnarounds, distressed companies, or companies with distressed assets, are looking for DIP (debtor-in- possession) loans and other sources of financing. Jerry Jansen explains how the non-regulated lending industry evaluates a company’s portfolio of assets and determines whether or not a firm has enough liquidity to secure financing. Businesses facing tough situations have the greatest likelihood of securing financial options if they fulfill these important requirements: hire a turnaround consultant, get appraisal valuations for the company or assets and have enough liquidity to lead a turnaround.

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What Are Best Practices for Secured Lenders to Gain Resolution for a Distressed Credit Situation?

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An interview with Eric Anderson, Partner, Parker, Hudson, Rainer & Dobbs

Published on Jun 19, 2016

Eric Anderson, partner at the law firm, Parker, Hudson, Rainer & Dobbs, cautions lenders to get involved with a distressed creditor early on when steps can still be taken to bring about a successful resolution and to avoid giving any appearance of controlling the operations of the troubled company. Lenders have the ultimate leverage in deciding whether or not to lend money to a creditor; key determinants are if the distressed company has hired a CRO or turnaround consultant and if the business is operating under a forbearance agreement that allows time to exercise appropriate remedies.

David Dean Speaks Highly of the Professionalism of Equity Partners HG

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An interview with David Dean, bankruptcy attorney at Cole Schotz

Published on Jun 9, 2017

David Dean, member of the law firm, Cole Schotz, has enjoyed a long-standing relationship with Equity Partners HG. He is particularly impressed by the firm’s ability to ‘pound the pavement’ and identify potential buyers that no one knew even existed and put together a successful sales process that leads to a positive settlement.

Eric Anderson Recommends Equity Partners HG for Sale and Purchase of Distressed Businesses

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An interview with Eric Anderson, Partner, Parker, Hudson, Rainer & Dobbs

Published on Jun 9, 2016

Eric Anderson, partner at the law firm, Parker, Hudson, Rainer & Dobbs, talks about his positive experiences working with Equity Partners HG. He is impressed by the investment banking firm’s ability to work effectively and efficiently to purchase and sell enterprises and assets in distress. Anderson says that Ken Mann and his team continually keep clients informed and approach each situation with a thorough marketing process throughout the duration of the sale.

Marc Ross States that Equity Partners HG Is a Top Professional in Its Field

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An interview with Marc Ross, HBM Management Associates

Published on Jun 9, 2017

Marc Ross of HBM Management Associates has worked with Equity Partners HG on several engagements over the past six years. He values the investment banking firm’s utmost professionalism in making sure that clients have the opportunity to raise capital from a multitude of sources. Ross has seen firsthand how Ken Mann and his team ‘scour the industry’ looking for viable financial options that successfully meet the needs of the sales process for both distressed and non-distressed businesses. Ross says that he recommends Equity Partners HG every opportunity that he can.

Having Cash Flow Struggles? Lender Bearing Down on Access to Credit? Find Out What To Do!

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An interview with David Dean, bankruptcy attorney at Cole Schotz

Published on Jun 6, 2016

David Dean, bankruptcy attorney at Cole Schotz, explains common pitfalls that a distressed business falls into when cash flow is restricted and its lender is threatening to cut off credit. Should you continue paying all your vendors? Do you stop meeting payroll in order to pay your bills? Should you start immediately downsizing? Learn the most important steps to take in the right priority that will increase a business’ likelihood of finding solutions to its toughest situation. If you don’t know about iron-fisted controls or creating a runway, then you’ll want to hear Sr. Managing Partner of Heritage Equity Partners, Ken Mann, interview David Dean for the answers.

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