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GlassRatner's Team

Nick Welch

Managing Director

Areas of Expertise

  • Cash Flow Projections
  • Corporate Finance
  • Debt Restructuring
  • Due Diligence
  • Forensic Accounting
  • Interim Management
  • M&A
  • Quality of Earnings
  • Refinancing
  • Regulatory Consulting
  • Turnarounds/Restructurings
  • Valuation

Industries

  • Cannabis
  • Construction
  • Financial Services
  • Healthcare
  • Hotel & Resorts
  • Leisure & Tourism
  • Renewable Energy
  • Restaurant
  • Retail

Experience

  • 3 Years with GlassRatner
  • 19 Years of Relevant Experience

Education

  • Associate Chartered Accountant (BPP-Professional Education)
  • Advanced Level English, Law and Psychology (SEEVIC College-Higher Education)
  • Certificates in English, Mathematics, Science, Sociology and Geography (King John School-Secondary Education)

Professional Designations

  • FCA BFP - Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW)
  • FMAAT - Fellow Member of the Association of Accounting Technicians (AAT)

Nick Welch is a Managing Director in GlassRatner's advisory practice and, although he works cases across all of our service lines, Nick specializes in domestic and international Transaction Services. Some notable recent assignments include:

Financial Due Diligence (FDD)

  • Sell-side FDD for a $1 billion revenue public entity seeking divestment.
  • Pre-lending FDD of a $0.75 billion revenue travel organizer.
  • Buy-side FDD of a global payment processor. Transaction value $36m.
  • Buy-side FDD of a $500m Revenue FinTech lender based in Africa.

Valuation

  • Fintech lender with a $600m loan portfolio for fundraising purposes.
  • Private equity portfolio of 7 companies. Aggregate value $85 million.
  • $36m Revenue SaaS company for GAAP impairment testing and s409A.
  • Three healthcare providers with revenues of $10m for PPA purposes.

Refinancing

  • $33m Revenue Cancer Diagnostic Medical Laboratory.
  • $16m bank club debt for a non-profit organization.
  • $6m senior debt for a 14-location furniture retailer.

Bankruptcy/Restructuring

  • Engaged by the Unsecured Creditor's Tort Committee to investigate the Imerys Talc Ch. 11 filing.
  • Engaged to devise a plan of reorganization in relation to RMH Franchising's Ch. 11 filing.

Litigation Support

  • Preference claim against the Director of a London property developer.
  • Tracing of funds related to royalties of an acclaimed touring band.
  • $18.5m damages claim to support a Class Action against a nightclub.

Interim Turnaround Management

  • 7-month assignment in a distressed $200m NHS hospital in the UK.

Background

Nick is passionate about the industry and his clients and supports many of the industry's associations: Nick is board member of the Turnaround Management Association's (TMA) NextGen Atlanta Chapter and in 2015 was awarded the TMA's Young Turnaround Professional of the Year Award for his contributions to the profession.

Nick is originally from the UK and joined GlassRatner in 2017 from the firm's UK affiliate, Begbies Traynor Group plc ("BTG"). BTG and GlassRatner are founding members of BTG Global Advisory.

Immediately prior to joining GlassRatner, Nick specialized in distressed M&A and consulting to banking clients in the form of Independent Business Reviews (IBRs) for the Special Assets Officers of Barclays, Lloyds, Santander and HSBC. IBRs enable Special Assets Officers to make decisions related to underperforming credits and provide sophisticated analysis and practical, impactful recommendations on the financial performance, capital structure, debt serviceability, cash flow management and strategy, including insolvency options.

Awards

Young Turnaround Professional of the Year (2015) - Turnaround Management Association (TMA) London, UK Chapter

Publications

Canada vs. USA: Cross-Border Challenges in Cannabis - Cassels (Cassels Brock & Blackwell LLP)

Cannabis Currently - The Challenges, Correction and Consolidation - The M&A Advisor

6 Essentials of re-financing - The Turnaround Authority

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