Bankruptcy & Restructuring in a Distressed Environment

Christopher Howe is a Managing Director with Alvarez & Marsal Taxand, LLC in New York. Mr. Howe has over 20 years of experience and focuses on restructuring tax matters and mergers and acquisitions transactions. Learn more.

Brian J. Fox is a Managing Director with Alvarez & Marsal and Co-Head of the firm’s Eastern Region Restructuring practice. He specializes in providing a full range of financial advisory, operational improvement and interim management services in restructurings and other special situations, both in court and outside of bankruptcy.

Mr. Fox has more than 25 years of experience advising companies and other parties-in-interest across industries including aerospace, defense, manufacturing, mining, shipping, gaming, chemicals, retail and staffing.

Mr. Fox specializes in developing operational improvement programs around customer and product profitability, working capital reduction and expense reduction. He assists companies in the review and development of cash flow and liquidity forecasts, strategic and operating plans, capital structure alternatives, and the development, negotiation and implementation of restructuring transactions.

Among his significant engagements, Mr. Fox advised Caesars Entertainment Operating Company in its Chapter 11 restructuring, Momentive Performance Materials in its pre-packaged Chapter 11 restructuring, and a $1 billion steel company in the enhancement of its financial planning and analysis function. He assisted a $700 million aggregates and heavy construction company in the review of its operating plan, a privately held manufacturer of recycled paper products in identifying a series of performance enhancement programs, and a $500 million chemical manufacturer in the integration of two transformative merger transactions. Learn more

Rino Nori is a Managing Director with Alvarez & Marsal Transaction Advisory Group in New York. He brings more than 18 years of transaction experience and has provided financial due diligence services to private equity and corporate clients on more than 650 merger and acquisition transactions valued from $10 million to $15 billion. His experience ranges from transactions involving lower and middle-market acquisition targets to multi-billion-dollar complex cross-border projects.

Mr. Nori’s areas of expertise include preparation of analyses which identify key deal issues / risk areas, quantification of items directly impacting transaction valuation (e.g., understanding normalized EBITDA, working capital requirements, debt items) and analysis of key performance indicators. Furthermore, he has advised on the drafting of sale and purchase agreements, including purchase price mechanisms, financial statement representations and transaction services arrangements.

Mr. Nori leads A&M’s Sell-Side Due Diligence practice and also co-leads the firm’s Restaurant Transactions practice. He has worked with clients across a range of industries including industrial manufacturing, chemicals, distribution, business services, consumer products, restaurant, retail, entertainment, publishing and information services.

Prior to joining A&M, Mr. Nori was with the transaction services unit of PricewaterhouseCoopers (PwC) in New York, where he served and advised premier clients including several mega-private equity funds. At PwC, he spent two years in London advising U.K. and European-based private equity and strategic clients, performing financial due diligence that tested and challenged management budgets and forecasts, drafting traditional European “long form” reports and leading complex vendor due diligence assignments. Learn more