ACG NJ Monthly Event, Nov 15, 2022

Wolfgang Tsoutsouris has almost 15 years of experience in corporate finance, restructurings, strategy consulting, business coaching and alternative investments. 

Prior to joining MAST Advisors, Wolfgang worked at a major accounting firm and boutique corporate finance advisory group on projects including corporate sales, debt financings, corporate restructurings, and strategy assignments focused on growth, performance, and profit optimization. 

Wolfgang began his finance career as an Analyst with Blackstone’s Alternative Asset Management division, where he focused on strategies and hedge funds trading in commodities. 

In addition to his work in finance, Wolfgang was also Director of Operations for a digital marketing start-up, managing all operational aspects including budgeting, hiring, process improvement, client and vendor management, and acquisitions.  

Alan advises clients on maximizing value, recovery, and financial returns in complex restructuring situations. For the past 34 years, he has worked with management teams and boards of directors of companies facing financial challenges as well as with secured lenders and unsecured creditors of companies in similar situations, both in Chapter 11 and out of court. Alan was with Ernst & Young before joining AlixPartners, initially as a CPA and then as a restructuring consultant. He has a Bachelor of Science in Economics (accounting major) from the Wharton School at the University of Pennsylvania.

Alan’s experience and expertise cover a wide range of industries and includes both domestic and cross-border situations. Clients that he has represented in recent years include FirstEnergy, FTD, Appvion, LSC Communications and creditors of Payless Shoes, Chicago Tribune and Energy Futures Holdings. Earlier experience includes AIG, Pillowtex, Dana, UCC of Enron.

Alan has served on the boards of directors of various not-for-profit organizations, including Youth INC (Audit Chair), Newark Public Radio (Finance Chair), and the Association of Insolvency and Restructuring Advisors (President), amongst others.  

During his thirty-year career in commercial and investment banking, Frank P. Turner has managed a variety of corporate debt restructurings totaling more than $12 billion. He has successfully negotiated with first lien, second lien, unsecured, and subordinated debt holders and private equity owners. In these reorganizations, Mr. Turner ultimately became a trusted advisor to the debtor in developing its turnaround strategy as well as being an honest broker to the creditors.

His turnaround transactional experience encompasses both in and out-of-court restructurings, developing plan of reorganizations and communication strategies, leading DIP and exit financings, arranging equity rights offerings, negotiating debt-to-equity exchanges, selling and liquidating companies, and recruiting new board of directors and management teams.

Mr. Turner’s experience also includes the role of a debtor in one of the largest bankruptcies in United States history: Lehman Brothers. Mr. Turner was responsible for the management and ultimate liquidation of the Lehman Brothers’ $40 billion corporate loan portfolio. Through his efforts, and the team he led, Mr. Turner normalized group functions, and was able to prevent the hasty liquidation of a valuable asset of the Lehman estate, thereby creating substantial value for the benefit of Lehman’s creditors.