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GlassRatner's Team

Michael Fuqua

Senior Managing Director

[email protected]

Main: (404) 835-8870

Mobile: (678) 575-3481

Fax: (678) 904-1991

Areas of Expertise

  • Section 363 Sale
  • Fiduciary Services
  • Ponzi Schemes
  • Turnarounds/Restructurings
  • Financial Advisor
  • Interim Management
  • M&A
  • Crisis Management
  • Bankruptcy Proceedings
  • Capital Markets

Industries

  • Agriculture
  • Manufacturing
  • Real Estate
  • Telecom

Prominent Cases

  • Financial Advisor - Receiver SEC v Weston Rutledge
  • Receiver – SEC v Zhunrize Inc
  • Receiver – FTC v Pinnacle Payment Services
  • Receiver – SEC v CRE Capital Corporation

Experience

  • 15 Years with GlassRatner
  • 31 Years of Relevant Experience

Education

  • BA, Duke University
  • MBA, Duke University

Professional Designations

  • CIRA

Mr. Fuqua has 20 years of experience in corporate finance, business valuation, strategic planning, and turnaround management. Prior to joining GlassRatner, he held a number of positions in the financial services sector with institutions such as the Toronto Dominion Bank, Security Pacific National Bank, and Wachovia. His unique mix of transactional and turnaround management skills are valuable resources to underperforming or companies in transition trying to accomplish a turnaround, develop a plan of reorganization, obtain financing, or execute a corporate transaction.

Mr. Fuqua has a broad range of capital market transaction experience ranging from the extension of bank credit for working capital to the structuring of more complex transactions such as leveraged buyouts, corporate recapitalizations, and structured risk management solutions. Representative transactions include:

  • $5 billion acquisition financing for Fortune 500 consumer products company.
  • $667 million leveraged recapitalization of a public PVC manufacturer.
  • $130 million leveraged buyout of buildings product company.
  • Structured CAD $100MM purchase price hedge for major U.S. pulp and paper company.
  • Structured Euro hedge ladder for monthly repatriation of funds from US subsidiary to German parent.

As part of the GlassRatner team, Mr. Fuqua has been involved in the following notable assignments:

  • Turnaround
    • Turnaround and sale of $20MM plastics manufacturer. Vendors and secured lender were paid in full.
    • Successful “right-sizing” of educational product manufacturer. Company has grown from $13MM in revenue to approximately $80MM.
    • Improved performance of family owned, $24MM wire manufacturer. In first year, losses were cut in half by improved cost measurement and improved pricing.
  • Bankruptcy
    • Financial advisor for approximately 750 potential preferential avoidance actions.
    • Financial advisor to $80MM multi-location, home product, retail company.
    • Financial advisor to $30MM sub-prime auto leasing company.
    • Successful liquidation of remaining assets of $800MM chemical company after sale of viable divisions. Assets included: emission credits, plants, real estate.
  • Solvency and fraudulent conveyance litigation
    • Transaction analysis and valuation of a bankrupt $80MM consumer goods manufacturer.
    • Transaction analysis of an insider bridge loan for a bankrupt $225MM manufacturer.
  • Forensic Accounting
    • Financial advisor to the Receiver of multiple companies involved in prime banknote/Ponzi schemes.
    • Financial consultant to the Examiner of Enron subsidiary, The New Power Company.
  • Fiduciary
    • SEC Receiver for a $28MM Ponzi scheme.

Mr. Fuqua earned both his undergraduate and graduate degrees at Duke University. He holds an AB in Economics as well as a MBA from Duke University’s Fuqua School of Business. He is a member of the Turnaround Management Association, the Association of Insolvency and Restructuring Advisors, and is a Certified Insolvency Restructuring Advisor.

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