AEG was recently engaged by a west-coast based operator of a for profit school. The school was suffering from enrollment declines and related cash flow reductions due to the extremely strong job market. AEG’s team stepped in immediately to assist the management team on analyzing and developing a viable cash plan, identifying and implementing a series of expense cuts, and advising the company on refinancing of the school’s interim financing.
Craig Dean, Managing Principal of AEG, participated in the recent Turnaround Management Association event “The Inside Story of a Chief Restructuring Officer (CRO)”. He was joined by other top leaders within the turnaround industry. Among other things, Craig addressed the complexities of stepping into the CRO role as well as how to work with skeptical boards, management teams, and owners to drive good outcomes. A replay of the panel can be found here: https://www.youtube.com/watch?v=LK0kGdN86U4