Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Gruppo, Levey & Co. > News item |
Gruppo, Levey forms group to focus on restructuring options
By Devika Patel
Knoxville, Tenn., Dec. 2 - Gruppo, Levey & Co. announced it has added a new practice group focused on restructuring options for middle-market companies that are experiencing financial distress.
The group will be led by managing director Mark DeGennaro and will work closely with entities that are undergoing financial hardship due to the current economic climate.
The firm will advise companies on balance sheet restructuring, raising additional equity capital, debt replacement/restructuring, distressed mergers and acquisitions and sales of non-core assets to repay debt, both in and out of the bankruptcy court process.
"Market conditions are very challenging for all types of businesses today, and particularly those that rely on discretionary consumer spending or are in need of a restructured capital base," DeGennaro said in a press release. "Balance sheets of lenders have been impaired, defaults by middle market companies are rising, the credit markets are very tight, and the weaknesses in the economy continue to accelerate. These challenges are daunting, and it's important that mid-market companies avoid a bunker mentality and proactively seek professional advice to help them navigate through a down market."
The investment banking firm is based in New York.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.