Financial Restructuring

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Contact Michael Grad for more information on Financial Restructuring

Financial Restructuring requires the guidance of qualified and experienced financial advisors.  When companies face material financial challenges, including sudden business decline, liquidity erosion, or excessive debt, Chartwell financial restructuring advisors step in to stabilize the situation.  We provide services not only to debtors, but also to creditors, Boards of Directors, or shareholders of troubled companies, acquirers seeking to purchase distressed assets, or any party with interest to a troubled situation.  Chartwell can raise new debt or equity capital, restructure liabilities, negotiate plans of reorganization both in and out of court, facilitate asset sales or purchases, provide valuation or solvency opinions, give expert valuation testimony, and/or rearrange terms of debt.

Our advisors have been involved with several of the most prominent and complicated financial restructurings over the last several decades.  They have the technical and creative expertise required to unravel even the most complex financial situation.  Chartwell cultivates a strong professional network comprised of highly-respected debt-financing sources, law firms, and investors.

Debtors, creditors, and asset buyers depend on us for:

  • Restructuring the financial relationship between debtors and creditors for the benefit of both parties; attaching a capital structure that is appropriate for both the borrower and lenders going forward
  • Tapping into capital markets to gather financing for immediate, and long-term needs
  • Providing sound valuation and solvency opinions in judicially-driven restructurings of obligations

We approach financial restructuring with one thing in mind: getting our clients to a place where they can once again focus on the long-term, sustainable growth of their company.

Michael Grad

Michael Grad
Managing Director

PRESENT POSITION

Michael leads Chartwell’s Financial Restructuring practice, advising parties on debt restructurings both in and out of bankruptcy.  With more than 30 years of experience in the investment banking and insurance industries, he also provides execution leadership on other Corporate Finance engagements by utilizing his extensive background in debt restructuring, M&A, and leveraged financing.

 

PRIOR EXPERIENCE &  EDUCATION

Prior to joining Chartwell, Michael was a Senior Managing Director in the Restructuring Group at AIG, which was responsible for successfully repaying $182 billion of government assistance.  Michael was involved in the repayment of the Federal Reserve Bank ($49B), asset sales ($55B), capital markets financing ($20B), and the renegotiation of the U.S. Treasury TARP investment into common stock ($49B).  After the government repayment (including a $23B profit), Michael served as Corporate VP-Finance and COO of the AIG Finance Department for four years.

 

Prior to joining AIG, Michael was an investment banker for 25 years.  He led the U.S. Financial Sponsor coverage group at ABN AMRO for seven years and served as a Managing Director in Financial Sponsor Coverage at UBS Warburg and as a Managing Director in M&A at Bear Stearns.  Furthermore, he was the founder and head of the Bankruptcy and Restructuring and Leveraged Finance groups at Schroder Wertheim & Co. (now part of Citigroup).  Michael began his career as a corporate and tax lawyer at Simpson, Thacher & Bartlett.

 

Since 2009, Michael has also been an Adjunct Professor at the Columbia University Graduate School of Business, where he teaches a second-year elective in Financial Restructuring.

 

Michael has a JD/MBA from Stanford University and a BA, cum laude, from Yale University.