SoLocal Group: Confirmation of outlook for 2016 in spite of business inflection due to the delay in the financial … – Business Wire (press release)

Restructuring

BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): Q3 2016 results: Internet revenues of 156 M (representing 79% of total revenues), up +3%1 EBITDA2: 60 M, down -24%1, EBITDA/revenue margin3 of 30% Outlook for 2016 confirmed: Internet revenue growth rate between 0% and +2% EBITDA/revenue margin2: 28% Conquer 2018 plan postponed by 6 months due to…

ChannelLife Australia – Major ShoreTel restructure opens door to … – ChannelLife Australia

Restructuring

Communication solutions provider ShoreTel has announced four major internal appointments to its ANZ business as the company focuses on scaling up its cloud services while maintaining its onsite business. The four appointments will form the basis of the organisation’s restructuring into four business units: Channels, Client Sales, Customer Success and Service Design and Activation. Each…

Commission proposes new approach to business insolvency in Europe – ACTmedia

Restructuring

Wednesday, November 23, 2016 The European Commission is for the first time presenting a set of European rules on business insolvency this Tuesday. Well-functioning insolvency and restructuring systems are key to supporting economic growth and job creation. This initiative will increase the opportunities for companies in financial difficulties to restructure early on so as to…

SoLocal Group: Changes in the Position of Creditors on the Financial Restructuring Plan – Business Wire (press release)

Restructuring

BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): Creditors (funds managed or advised by Paulson & Co., Monarch Alternative Capital (Europe) Ltd and Amber Capital UK Holdings Ltd) representing approximately 37% of the outstanding debt and parties to the agreement with the Company on the revised financial restructuring plan announced on 3 November 2016, have sent…

Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth … – New Europe

Restructuring

Author: European Commission. The following press release was issued by the European Commission on November 22, 2016 16:50. Well-functioning insolvency and restructuring systems are key to supporting economic growth and job creation. This initiative will increase the opportunities for companies in financial difficulties to restructure early on so as to prevent bankruptcy and avoid…

FTI Consulting’s Carlyn Taylor Named 2016 Woman of the Year in Restructuring – Nasdaq

Restructuring

WASHINGTON, Nov. 22, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that Carlyn Taylor, Global Co-Leader of the Company’s Corporate Finance & Restructuring segment, has been named the 2016 Woman of the Year in Restructuring by the International Women’s Insolvency & Restructuring Confederation (“IWIRC”). A photo accompanying this announcement is available…

Jacobs Engineering Group Inc. Reports Earnings for Fiscal 2016 – Business Wire (press release)

Restructuring

DALLAS–(BUSINESS WIRE)–Jacobs Engineering Group Inc. (NYSE:JEC) today announced its financial results for the fourth quarter and fiscal year ended September 30, 2016. Fiscal 2016 Highlights: Q4 2016 U.S. GAAP net earnings of $30M, or $0.24 per diluted share, and fiscal 2016 U.S. GAAP net earnings of $210M, or $1.73 per share; Q4 2016 adjusted net…

What do restructuring bankers do? Rothschild director responds – eFinancialCareers

Restructuring

http://news.efinancialcareers.com/uk-en/257381/what-it-is-to-work-in-leveraged-finance-by-a-j-p-morgan-md/ So, you want to work in an advisory role in an investment bank? Youve probably thought about M&A, but have you thought about restructuring? If M&A bankers are the builders above ground, restructuring bankers are all about the foundations. They make sure that a companys debt structure is manageable, and negotiate changes when its…