Industry Insights Webinar

Event Details

Buying Assets Out of Bankruptcy

Watch the Recorded Webinar here.
Shearman & Sterling Slide Presentation

As companies continue adjusting and navigating the oil & gas downturn, some companies will be looking for opportunities to buy distressed assets or assets out of bankruptcy.

In this discussion, our seasoned panelists will discuss the risks of buying from distressed sellers, the process of buying assets out of bankruptcy, why buyers like “363” sales, potential pitfalls, stalking horse strategies, competing against credit bids, insider bidding in bankruptcy, and joint bidding vs collusion.

This webinar will provide insightful guidance for those looking to buy distressed assets.

Panelists

Luckey McDowell, Partner, Financial Restructuring & Insolvency, Shearman & Sterling
Mr. McDowell has particularly deep experience representing energy sector clients in the restructuring area. He focuses on capital restructuring for highly leveraged companies, out-of-court workouts, insolvency-specific guidance to boards, and all aspects of bankruptcy cases throughout the country. He also has extensive experience representing buy-side clients negotiating with financially distressed companies. Luckey received a J.D. from Duke University School of Law and a B.B.A. in Economics and Insurance from Baylor University.

George Mack, Managing Director and Co-Head of Financing Advisory & Restructuring for North America, Greenhill & Co., Inc.
Mr. Mack has 18 years of experience advising on the restructuring, purchase, sale and financing of companies in a wide range of industries in all stages of financial distress. Prior to joining Greenhill, George was Head of the Global Restructuring and Finance Group at Barclays Capital. He began his career at Lehman Brothers, where he worked until its acquisition by Barclays. George holds an MBA from Columbia Business School and a BA from Hamilton College.

Robert White, Senior Vice President, Jefferies & Company, Inc.
Robert White has over 20 years of experience in restructuring and distressed investing. He has been a Managing Director at Jefferies for more than 10 years. Mr. White has completed over 45 recapitalization and restructuring transactions including representing debtors, lenders, ad hoc bondholder committees, equity committees and unsecured creditor committees involving in court and out of court restructuring transactions. Mr. White received an MBA from Boston University and a Bachelor of Arts, with honors, in History and Economics from Allegheny College.

Moderator

Omar Samji, Partner, Oil & Gas Transactions, Shearman & Sterling
Mr. Samji, a member of the firm’s Energy Industry Group, represents oil and gas investors and operators in mergers, acquisitions, dispositions, commercial arrangements, and joint ventures. Omar has completed more than $28 billion of transactions primarily in the upstream and midstream sectors. Omar received a J.D. from Columbia University School of Law and a B.Com. McGill University.