​Company: Crown Cork & Seal

​Company: Fleetwood Enterprises

Liabilities Restructured:  $400MM client

Dates of assignment: 2008 - 2009

Adviser to Fleetwood Enterprises, the RV manufacturer in its Chapter 11 restructuring and sale

• Broad strategic review of alternatives in very narrow time frame
  
• Complet​​ed multiple sales of each of the three parts of the business in an extremely difficult operating environment

​Company: Grupo TMM, Mexico

Adviser to Grupo TMM, the Mexican transportation group in its successful out-of-court debt renegotiation: 

​Company: Burlington Industries

Adviser to Burlington Industries in its successful §363 sale in Chapter 11 to WL Ross & Co.

​Company: Grupo Parisina, Mexico

$100MM Acquisition assignment

Dates of assignment: 2008

​Company: Tower Automotive

Independence.  Integrity.  Intelligence.

Company: Polymer Group

Adviser to Polymer Group, a major U.S.-based non-woven manufacturer, in its pre-negotiated plan and Chapter 11 filing 

​Company: Loewen Group

​Company: Carmike Theaters

Adviser to Carmike Theaters,  a publicly-listed movie theater operator, in its Chapter 11 case 

​Company: C&J Energy Services

Company Liabilities:  $1.4BN

Dates of assignment: 2016

Provided expert testimony in efforts to form equity committee in C&J's contentious Chapter 11

• The Court denied the motion and objection and criticized the basis of the valuation provided, approving the $700MM plan valuation provided by Evercore
  
• 1 month later the company emerged from Chapter 11 and traded  immediately at a valuation of $2.5BN, the value we had placed on the company during testimony​​

Company: Woolford

Company Value:  $120MM

Dates of assignment: 2017

Provided full due diligence support, including development of full operating model and negotiation support, in final round bid by a family fund for this Austria based luxury products business

​Company: Environmental Systems Products

Liabilities Restructured:  $100MM

Dates of assignment: 2007 - 2008

Adviser to Environmental Systems Products, the CT based auto emissions testing company, in its $260MM out-of-court recapitalization 

​​Company: Eólica Del Sur/Mareña

Company Liabilities:  $800MM company; Client investment $400MM+

Dates of assignment: 2016

Acted as adviser to Promotora DMP ("Promotora") and its shareholders, Macquarie's Mexican Infrastructure Fund and Mitsubishi, with respect to the Eólica del Sur/Mareña wind farm project in southern Mexico.

​​​Company: Slimfast

Company Value:  $350MM

Dates of assignment: 2018

Provided full due diligence support, including development of full operating model, in final round bid by a family fund for this US based consumer products company

​​Company: Waitr Inc.

Company Liabilities:  $135MM

Dates of assignment: 2020

Advised a private equity firm on its loans to the publicly-listed food delivery service

• Provided due diligence on the company's business plan and
  
• strategic advice on a restructuring of the debt to include a cash pay down from the proceeds of an ATM offering, amendments to the loan agreement and an exchange of part of the debt to equity at an attractive discount to market value
  

​Company: NewPage

Liabilities Restructured:  $3.0bn company; $200MM+ client

Dates of assignment: 2010 - 2012

Acted as adviser to Stora Enso, with respect to its equity, debt and other interests in NewPage, the largest North American coated paper manufacturer. Assignment included:

• ​Advising Stora on pre-bankruptcy positioning and claim risk assessment
• Monitoring of NewPage's operating results on a monthly basis
• Providing valuations of both NewPage and of specific assets in which Stora retained an interest
• ​Leading negotiations to settle leveraged lease and lbo litigation dispute in one global settlement

​Company: Town & Country

Company: Tishman DC Portfolio

Liabilities Restructured:  $500MM client

Dates of assignment: 2010 - 2011

Adviser to Bank of Nova Scotia as Agent for the lenders under a $500MM credit facility in the Tishman DC Portfolio real estate restructuring
Assignment included

• Full valuation work on commercial office portfolio
• Development of new money strategy to position bank group in negotiation
  
• Negotiation of par plus full contract interest recovery for bank group though aggressive positioning with company sponsors

​Company: David's Bridal

Company Liabilities:  $800MM

Dates of assignment: 2018/19

Provided litigation support to group of lenders in their objection to the terms of engagement of the company's investment banker:

• ​Provided analysis of market terms of company-side banker engagements for use in litigation objection
  
• Company's banker, Evercore, agreed to an overall cap on fees at the Delaware hearing

​Company: 2080

Company Liabilities:  $400MM

Dates of assignment: 2016

Acted as consultant to the Board of Directors of a privately held U.S. services business. Role is as additional financial restructuring advisor supporting the Board in the restructuring of the company's debt.

​Company: Ainda Energia y Infraestructura

Company Value:  $200MM+

Dates of assignment: 2017

Advised a large Mexican corporation in its successful negotiation and acquisition of a minority  interest in Ainda, the manager of a publicly quoted (CKD) Mexican infrastructure fund

• ​assignment included a broad review of energy and infrastructure market in Mexico including an understanding of the implications of Mexico's Energy Reform Act
  
• provided initial advice to the company's Board of Directors on strategic issues related to the acquisition
• assisted in due diligence
  

Company: Molycorp Inc.

Company Liabilities:  $1.7bn company; Client investment $500MM+

Dates of assignment: 2015

Acted as adviser to Molibdenos y Metales ("Molymet") with respect to its equity and debt interests in Molycorp, the leading rare earths producer and processor. Assignment is to advise Molymet on its investment in Molycorp in the context of a possible restructuring of Molycorp.

​Company: Flexsol Packaging

Liabilities Restructured:  $100MM client

Dates of assignment: 2008 - 2009

Adviser to Flexsol, the plastic packaging company in the restructuring of $100MM of first and second lien debt 

​Company: Breitburn Energy Partners

Company Liabilities:  $3BN

Dates of assignment: 2016

Provided expert testimony in support of motion to form equity committee in Breitburn's Chapter 11

• Assignment included a general "top down" valuation of the E&P company based on market comparable, together with Court testimony as an expert on valuation
  
• The Court approved the motion and appointed an equity committee

​Company: Evergreen Airlines

Adviser to the unsecured bondholder group in the successful out of court restructuring including a 98% recovery top bondholders

Company: Acme Metals

Adviser to Acme Metals,  this Chicago-based steel maker and steel product fabricator in its Chapter 11 reorganization. Advised company over 3-year contentious restructuring 

Assignment Experience:

Set out below are selected examples of transactions (together with broad outlines of the activities involved with each assignment) in which Mr. Lewis has been actively involved, either as lead restructuring banker for the Company, or as adviser to a constituent with a major interest in the situation.​

​Company: Kloster Cruise Lines

Company: Tracor

​Company: SCI Television

​Company: Laidlaw

Adviser to Laidlaw, the largest U.S. school and transit bus operator, in its out-of-court restructuring of $3 billion of debt 

Company: Olympia & York

​Company: Franklin Mint

Adviser to Franklin Mint, the US specialist collectibles distributor, in the successful renegotiation of its bank lines 

Gower Advisers

​Company: PHI Inc.

Company Liabilities:  $700MM

Dates of assignment: 2019

Provided litigation support to Official Creditors Committee in their objection to the terms of engagement of the company's investment banker:

• ​Provided analysis of market terms of company-side banker engagements and expert testimony in Court
  
• The judge ruled in favor of the company but only after significant concessions were given by the company's banker, Houlihan Lokey​, on the financial terms of their engagement

​​​Company: Rubio's Restaurants

Company Liabilities:  $85MM

Dates of assignment: 2020

Acted as the company's investment banker in its fast pre-packaged Delaware Chapter 11 case

• Provided initial strategic framework for continued involvement of the equity sponsor and recapitalization of the business in the face of COVID-19 shutdown
  
• assisted in the development of the company's business plan
  
• assisted in the final development of the Chapter 11 plan including sizing the equity infusion from the sponsor, providing expert testimony on the DIP financing from Golub and providing a full valuation report in support of the filed Plan
  
• The case was confirmed and became effective on December 31, 2020, less than 10 weeks after the initial filing of Chapter 11
  

​Company: New Valley

​Company: General Growth Properties (GGP)

Liabilities Restructured:  $30.0bn company; $2.6bn client

Dates of assignment: 2010 - 2012

Acted as adviser to EuroHypo as Agent for the bank lenders under the $2.6bn 2006 Credit Agreement to GGP in this largest real estate Chapter 11 case.
Assignment included:

• Developing a comprehensive financial model ahead of company's own model

​Company: TAK Communications

Company: Confidential

Company Liabilities:  $1,000MM

Dates of assignment: 2019

Advised a private equity firm in the potential acquisition of a large Latin American agri-business that was part of a Chapter 11 proceedings in the U.S

​Company: Paragon Trade Brands

Adviser to Paragon Trade Brands, a private label diaper manufacturer in its bankruptcy proceedings initiated in January 1998 by the loss of a patent infringement case with P&G 

 • Advised company in evaluation of alternatives in face of large patent dispute 

 • Sold company to Wellspring Capital

​Company: Telemundo Inc.

Adviser to Telemundo Inc, the U.S. based Hispanic TV network in its Chapter 11 case 

 • Company transferred to creditor group led by Apollo 

 • Reliance (old equity) retained significant interest through negotiated rights issue

​Company: Mexican Steel Manufacturer

​Company: BCP Telecom, Brazil

Adviser to Citibank as agent for the bank group of BCP Telecom, the largest wireless phone provider in Sao Paolo, Brazil, in the restructuring of $1.5 billion of debt 

​Company: Envirodyne

​Company: Barneys New York

​Company: Drypers

Adviser to Drypers, a branded and private label diaper manufacturer in its sale in Chapter 11;