DeSilva+Phillips Launches 'Operational Restructuring Practice' for Troubled Media Companies
Media investment bank DeSilva+Phillips announced this week that it is launching a new operational restructuring practice that will advise media companies, private equity funds and commercial lenders seeking assistance with financial performance issues during the current economic crisis.
The new services include a comprehensive review and analysis of the subject company's business including the identification of revenue enhancement and cost savings opportunities, operating efficiencies, incentive compensation plans, investment savings and evaluation of strategic alternatives. Financial performance will be evaluated against industry standards and DeSilva+Phillips' own media company metrics. The practice will also help assist companies with bank covenant restructuring and negotiation.
The new operational restructuring practice will be led by DeSilva+Phillips' Kenneth B. Collins, partner and CFO, and James D. Zielinski, founder of Zielinski Financial Advisors.