The Art of Distressed M&A: Buying, Selling,

Take the stress out of the distressed M&A process!These days, opportunities in distressed mergers and acquisitions aboundand the trend will continue into the foreseeable future. If you're in the business of M&A, this book is what you need to make confident decisions that will pay off handsomely in the end.Distressed mergers and acquisitionsencompassing a wide array of transactions related to bankruptcies, restructurings, recapitalizations, and liquidationsinvolve seemingly innumerable issues typically not present in more traditional M&A of going concerns.The Art of Distressed M&Aanswers every question and addresses every challenge of the process. Whether it's describing the unique fiduciary duties a board of directors faces when contemplating a distressed sale, or the valuation of a business in financial distress, or the legal framework a bankruptcy court will apply toward valuation during a Chapter 11 proceeding, this book will help you make the right decisions the first time around.TABLE OF CONTENTSSection I: Getting Started in Distressed M&A Chapter 1.Key Definitions and Concepts Chapter 2.Understanding the Unique Intricacies of the Bankruptcy Process Section II: The Art of Valuing a Distressed Business Chapter 3.Valuing a Distressed Business: Need-to-Know Business Considerations Chapter 4.Valuing a Distressed Business: Navigating the Legal Construct Section III: A Closer Look at Financing Distressed M&A Chapter 5.The ABCs of Pre-Petition Cash Management vs. Acquisition Financing Chapter 6.Dynamics of Debt-Based Financing Chapter 7.Dynamics of Equity-Based Financing Chapter 8.Dynamics of "Hybrid" Financing Chapter 9.Strategies for Managing Multiple Financing Sources Section IV: Key Tax and Accounting Considerations Chapter 10.Mitigating Tax Risk in Distressed M&A Chapter 11."Fresh Start" and Other Bankruptcy-Centric Accounting Rules (Includes new Global Standards) Section V: The Due Diligence Inquiry Chapter 12.Conducting Due Diligence: An Overview Chapter 13.The Operations and Management Review Chapter 14.The Legal Compliance Review: Antitrust, Intellectual Property, and Successor-Liability Considerations Section VI: Documenting the Deal

H. Peter Nesvold, Esq., CFA, CPA, is a senior vice president at Lazard Asset Management and the coauthor of The Art of M&A and The Art of M&A Structuring.
Jeffrey Anapolsky, Esq., M.B.A., is a vice president in the special situations group of American Capital with more than 10 years experience advising, operating, and investing in special situations involving bankruptcies and out-of-court workouts.
Alexandra Reed Lajoux, M.B.A., Ph.D., is chief knowledge officer of the National Association of Corporate Directors. She is author of The Art of M&A Integration and coauthor of The Art of M&A, The Art of M&A Due Diligence, The Art of M&A Structuring, and The Art of M&A Financing and Refinancing.

Preface	p. vii
The Big Picture	p. 1
Business Failures	p. 3
Alternatives for Distressed Companies	p. 31
Trends in Distressed M&A and Investing	p. 67
The Bankruptcy Players	p. 97
A Debtor and Creditor Overview	p. 99
Secured Creditors	p. 127
Unsecured Creditors	p. 151
Advisors and Other Parties	p. 173
Avoiding Common Pitfalls	p. 211
Accounting for Workouts: TDRs, Extinguishments, and Modifications	p. 213
Accounting for Bankruptcy: NOLs and Fresh Start Reporting	p. 235
Mitigating Legal Risks in Distressed M&A: Fiduciary Duties, Antitrust, and Fraudulent Transfers	p. 269
Deal Structures That Work	p. 303
Principles of Distressed Company Valuation	p. 305
Distressed M&A Strategy: The Plan of Reorganization	p. 333
Distressed M&A Strategy: 363 Sales and Loan-to-Own Transactions	p. 373
Distressed M&A Strategy: Financing and Refinancing Considerations	p. 403
Conclusion	p. 457
Index	p. 461
Table of Contents provided by Ingram. All Rights Reserved.

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

The Art of Distressed M&A: Buying, Selling, and Financing Troubled and Insolvent Companies

Summary

Author Biography

Table of Contents

Supplemental Materials