Despite what looked to be a quiet year in the restructuring business, the market has been surprisingly strong.  We would like to keep our friends informed of some of our latest activities and market developments, such as the new bankruptcy legislation.  We look forward to discussing your thoughts on the topics below.

 

Best wishes,

The AEG Partners Team
Recent Engagements:

AEG Partners Participates in the Center for Corporate Change and Conference and Sponsors Survey

AEG, a founder and member of the Steering Committee, participated in this year's “Changing the Game: Reforming American Business” forum in Beaver Creek, Colorado earlier.  The event, held annually by The Center for Corporate Change, a division of the Vail Leadership Institute, hosted academic and business experts in leadership, management and ethics from around the country.  AEG Partners also conducted a survey of attendees to gauge their opinions and attitudes on each of the key topics discussed at the forum, regarding board practices related to corporate culture, ethical leadership development, succession planning and executive compensation.  Findings indicate board governance practices have substantial room for improvement. See the press release issued June 13, 2005, for more survey findings.
http://www.aegpartners.com/news/

AEG Partners Insight: Impact on Corporates of New Bankruptcy Legislation

"Despite the spotlight on the consumer impact of the new bankruptcy legislation, the bill will also influence the way corporate bankruptcies play out. The theme stays the same, however, in that the changes for companies also shift in favor of the creditors. While the new rules are designed to accelerate resolution, courts will have limited ability to permit debtors extra time to address issues and reach negotiated solutions in complex cases. Key managers will also have less incentive to remain to help the company through its difficulties," Craig Dean, principal.

 

To read more about Mr. Dean’s views on the implications of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, please go to http://www.aegpartners.com/news/  and click on the May 15 Turnarounds & Workouts’ article “BAPCPA Will Bring Major Changes: Shift Expected in Debtor/Creditor Dynamic.”

In the Media

Craig Dean, principal, was quoted in “Bad Roll,” which appeared in the April 22, 2005, issue of Bankruptcy Insider (The Deal). The article offers an insightful look into industry roll-ups, particularly the financial troubles and restructurings plaguing these companies. To view this article, please go to http://www.aegpartners.com/news/

 

Larry Adelman, principal, was quoted in "Early cooperation leads to unexpected surprises for creditors," an article which appeared in a February/March 2005 issue of LRP Publications, discussing the hard work and cooperation that led Foster & Gallagher Inc. and its 21 affiliates, officially out of bankruptcy court.  To view this article, please go to http://www.aegpartners.com/news/



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