Sector Upset, Economic Uncertainty, and Spotting Deal Opportunities
Thursday, February 7 | 1:05 p.m. - 1:55 p.m.
Elizabeth Abrams, Guggenheim Partners
Jessica Boelter, Sidley Austin, LLP
Paul Halpern, Versa Capital Management, LLC
Andrew Hinkelman, FTI Consulting
Stacey Schacter, VION Investments
See below for additional information on the panelists
CIO, Versa Capital Management, LLC
Paul Halpern is Chief Investment Officer of Versa Capital Management, LLC, a private equity firm with $1.4 billion of assets under management. Mr. Halpern has invested in, managed and advised companies in special situations for more than 20 years, and has been with the firm since 1995. His experiences cover a wide spectrum of industries in circumstances ranging from underperformers to liquidations. Previously, he practiced insolvency law, specializing in business reorganization of middle market companies. He is currently a Director of Avenue Stores, Allen-Vanguard, Bell+Howell, BridgeStreet Worldwide, Hatteras Yachts, US Shale, and SynCardia Systems.
Mr. Halpern received a J.D. from Stanford Law School (Order of the Coif) and his B.A. from Reed College (Phi Beta Kappa).
Senior Managing Director, FTI Consulting
Andrew Hinkelman is a Senior Managing Director at FTI Consulting and is based in San Francisco. He is a member of the Corporate Finance & Restructuring segment. Mr. Hinkelman has over 20 years of experience serving as a financial advisor to corporations, creditors, equity owners and directors of performing and underperforming companies. Mr. Hinkelman specializes in corporate finance, business recovery and restructuring, performance improvement, sell-and-buy-side due diligence, carve-outs, business plan development, complex credit negotiations, wind-down and estate management services. Additionally, Mr. Hinkelman has extensive Chief Restructuring Officer (“CRO”), Chief Financial Officer (“CFO”) and Chief Executive Officer experience.
Mr. Hinkelman’s clients have included both public and private companies ranging in size from $100 million to more than $10 billion in assets and liabilities. He has extensive experience in various industries; including, technology (software, hardware, and semiconductors), healthcare, consumer products, retail, real estate, construction, hospitality, distribution and professional services, among others.
Mr. Hinkelman has led over 20 software transaction advisory engagements which have included performance improvement services, quality of earnings analysis, deal structuring and negotiation, business plan review, carve-out services, and sell-side due diligence on behalf of lenders and private equity firms. Services have included in-depth review of company financial statements, analysis of revenue and cost centers, operations, management, and proposed financing structures. He has assisted both strategic and financial buyers throughout the deal continuum. His efforts have included identification of potential targets, due diligence, contract structuring and negotiations, and transition planning.
Mr. Hinkelman has served as the CRO at numerous companies. The following are selected CRO engagements: Adeptus Health; Vertellus Specialties; IMRIS, middle market medical device company; Fairfield Residential LLC, one of the United States’ largest and most successful multifamily developers and managers; Trident Micro Systems, Inc., a global manufacturer of semiconductor solutions for digital televisions and set-top boxes; and Classic Party Rentals. His responsibilities included the development and implementation of restructuring plans, lender and creditor negotiations, day-to-day supervision of the accounting and finance departments and management of all lender and restructuring requirements.
Mr. Hinkelman also has extensive experience acting as an interim CFO. He was interim CFO of AKQA, Inc, where his responsibilities included cash forecasting and management of working capital, day-to-day supervision of accounting and finance departments, management of reporting requirements to sponsors and lenders, developing operating metric report packages and administration of all back office functions
Prior to joining FTI Consulting, Mr. Hinkelman was a Managing Director in the U.S. division of PricewaterhouseCoopers’ (“PwC”) Business Recovery Services practice. At PwC, Mr. Hinkelman served as a financial advisor to companies, secured and unsecured creditors, and equity holders, where he advised on bankruptcies, out-of-court restructurings, and financing alternatives. Prior to that, Mr. Hinkelman spent three years working as a Senior Audit and Tax Consultant for Pannell Kerr Forrester and Sieler Company.
Mr. Hinkelman holds a B.A. in business administration from the California State University, San Luis Obispo. He is a Certified Public Accountant and a Certified Insolvency and Restructuring Advisor and is a member of the American Institute of Certified Public Accountants, Association of Insolvency & Restructuring Advisors, California Society of Certified Public Accountants and the Turnaround Management Association.
Founder and CEO, VION Investments
Stacey J. Schacter is the founder and CEO of VION Investments which manages the acquisition and collection of performing and non-performing consumer and commercial receivables. Since 1990, Stacey has focused on receivable buying, servicing and collections in the financial services industry, serving as President and Chief Executive Officer of Briannaco Investments; President of OSI Portfolio Services; President, Chief Executive Officer and Chief Legal Officer of EMCC, Inc.; and attorney and advisor to several debt and receivable purchasing firms.
Mr. Schacter was a practicing attorney from 1988 to 1999 concentrating in Corporate, Securities, Securities Litigation, Mergers and Acquisitions, Specialized Asset Acquisition, International Business Transactions, Technology, Real Estate, Business Reorganization, Workouts, Bankruptcy (Chapter 11), Commercial, Banking and Restructuring. Mr. Schacter is a member of the Ohio and Massachusetts bars.
Mr. Schacter has had several publications and speaking engagements on the economy and its effects on the receivables industry, collection practices, and bankruptcy. He is a former member of the Debt Buyer's Association Board of Directors and was the organization's first chair of its Certification Task Force to create standards for the debt purchasing industry resulting in the first published standards for debt buying in the United States.