NEWS

INDUSTRY AWARDS

15th Annual Turnaround Awards
Turnaround of the Year

Restructuring of Alto Ingredients, Inc. (fka Pacific Ethanol. Inc.)

12th Annual Turnaround Atlas Awards Food & Beverage Restructuring of the Year

NORPAC Foods Chapter 11 restructuring and sale of assets to Oregon Potato Company and processing facilities to Lineage

11th Annual Turnaround Atlas Awards
Turnaround of the Year

LORAC Cosmetics acquired by Markwins Beauty Brands

13th Annual Turnaround Awards
Restructuring of the Year

Restructuring of Cranberry Growers Cooperative

YOU HAVE QUESTIONS, WE HAVE ANSWERS

Let us help guide you through unprecedented times and challenging situations by offering the following thought leadership pieces authored by our own industry experts here at SCP.

THOUGHT LEADERSHIP

With Regulators Watching, New SPAC Considerations Emerge for Market Participants

Learn about the unique aspects of the SPAC structure and a de-SPAC merger; key considerations for our clients involved with, or considering, a SPAC deal; and our distinguished qualifications to advise and create value throughout the SPAC lifecycle. In his article titled, “With Regulators Watching, New SPAC Considerations Emerge for Market Participants,” Taylor Sherman, Managing Director and Head of our Houston office, discusses how going public through a Special Purpose Acquisition Company (SPAC), or a “blank check” company, is more efficient and cost-effective than the traditional IPO for many investors and private companies, provided all parties involved are disciplined throughout the process. Hiring an operations-focused financial advisor is proving to be ‘mission critical’ to ensure a successful outcome.

When to Hire a Performance Improvement Consultant

Mark Nixon, a Managing Director out of SCP’s Los Angeles Office, discusses a few of the common concerns that companies have when deciding whether to hire a Performance Improvement Consultant. Read “When to Hire a Performance Improvement Consultant” for insights that may be applicable to challenges you face in your company.

Entrepreneurs: Uncommon Tips to Scale After an Initial Breakthrough

Nevin Shetty, a Managing Director out of SCP’s Seattle Office, explains useful tips for entrepreneurs to continue scaling once achieving product market fit. Read “Entrepreneurs Uncommon Tips to Scale After an Initial Breakthrough” to learn actionable insights to apply to your company to accelerate your velocity.

The Importance of Digital Transformation

Nevin Shetty, a Managing Director out of SCP’s Seattle Office, authored an article titled “The Importance of Digital Transformation”, where he discusses why you should invest in technology, common pitfalls of technology projects, and the best digital transformation ideas to get your company started on a new trajectory.

Navigating Choppy Economic Waters

While the ultimate impact of the COVID-19 pandemic remains unknown, it has become clear that this crisis will inevitably create global economic consequences that will cause a ripple effect among all businesses, small and large. Chris Tedford, Senior Advisor at SierraConstellation Partners, authored the article titled, “Navigating Choppy Economic Waters: Are You the Captain of the Ship?” where he discusses how the critical focus of most businesses has quickly turned to evaluating strategic risks, managing potential supply chain disruptions, protecting liquidity and assessing the impact on their respective workforce.

Navigating the Hierarchy of Corporate Needs

Basil Karampelas, Managing Director and head of the Houston office, has authored an article titled, “Navigating the Hierarchy of Corporate Needs”, where he describes the four critical elements of any successful corporation.

SCP INSIGHT SERIES

Our Moral Obligation

This article was motivated by the 2019 change in the definition of the purpose of a corporation, by the Business Roundtable, away from ‘maximizing shareholder value’ to an inclusion of benefitting customers, suppliers, communities, and employees in the definition. The purpose of the article is to encourage team/organization leaders at all levels to make the difficult decisions necessary for the benefit of their employees and to be appropriately motivated by a sense of responsibility for their welfare.

The Four CFOs You Encounter in Restructuring

In 2003, a bestselling book was published titled ‘The Five People You Meet in Heaven’ which describes five people who have had a significant impact on someone’s life. In the world of restructuring, the CFO often is at that critical nexus point connecting a firm’s financial, commercial and strategic activities. In his article ‘The Four CFOs You Encounter in Restructuring’ SCP Managing Director and head of the Houston office Basil Karampelas describes the different types of CFOs that are often found at companies, and how the type of CFO often dictates the nature of the work required in a restructuring situation.

Will You Be Ready for your “Endgame Moment”?

Basil Karampelas, Managing Director and head of the Houston office, authored an article titled, “Endgame Moment”, where he discusses how professionals never know when their moment to ‘come off the bench’ and shine for their company is going to happen, but odds are, it will. An example stems straight out of a concert of music from the musical “Chess” which illustrates what those of us in the restructuring world see frequently – employees stepping out of their comfort zone to fill the gaps created by the specific situation that their company is facing. In doing so, they create a virtuous cycle and the types of anecdotes that become part of company lore and can make someone’s career.

Driving Performance: A Primer on SCP

David Bitterman, Managing Director and Head of Business Development out of SCP’s New York Office, authored an SCP Insights Series article titled, “Driving Performance: A Primer on SCP” where he discusses how SierraConstellation Partners often works with clients on improving performance and driving enterprise value—not solely in bankruptcy or restructuring situations.

Navigating the Storm

Merv Merzoug, a Director out of SCP’s New York Office, authored an article titled “Key questions for Corporates to Successfully Address Shocks Related to the Coronavirus Outbreak”, where he discusses how to manage business in a post-COVID-19 environment.

It’s Deja Vu All Over Again

Mark Nixon, Managing Director at SCP, authored an article titled “Deja Vu All Over Again”, where he discusses how middle market companies can navigate the uncertainties towards a sustainable operating model.

In Q4 2021, SierraConstellation Partners conducted an inaugural, national survey to over 10,000 bankers within the Special Assets Resolutions/Workouts industry. The information contained within the results’ discussion is to be considered anecdotal as the survey needs to build up its response rate to achieve statistical significance.