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Restructuring Still a Focus; Marlin, FTI, and Jefferies are just a few of the firms focusing on distress.

Publication: Mergers & Acquisitions: The Dealmaker's Journal
Publication Date: 01-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Hiring seemed to revolve around the distressed deals in July. Marlin Equity Partners, for instance, tapped Ravi Bhagavatula to serve as a principal at the firm, recruiting him from Republic Financial's special assets group. Meanwhile, Jefferies hired Richard Morgner from Miller Buckfire, while FTI Consulting poached pros from Blackstone Group's GSO Partners and Deloitte to fill out its corporate finance and restructuring team.

Other notable new hires occurred at CD&R, which brought on board Paul Pressler in an advisory capacity and at FBR Capital Markets, which complemented its Watch Hill Partners purchase with senior hires for its investment banking team. Also, Daniel Tredwell, late of Heartland Industrial Partners, teamed up with former JPMorgan peers, Douglas Traver and Thomas Canning, to launch special situations advisory CoveView Advisors.

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