(Source: Business Wire)
Seabury Group LLC, the leading independent transportation-focused
investment banking and advisory firm, today announced the appointment of
Lorie R. Beers as Managing Director, Investment Banking and
Restructuring with responsibility for non-aviation and aerospace
restructuring. The addition of Ms. Beers supports Seabury's interest in
building on its successes in non-aviation fields including apparel,
consumer services, distribution, financial services, gaming and
manufacturing concerns.
A recognized financial industry leader, Ms. Beers had more than 20 years
of corporate restructuring and insolvency experience representing
companies on distressed M&A transactions, refinancing,
recapitalizations, and debt renegotiations. She is familiar with a wide
range of industries and has driven both in-court and out-of-court
restructuring successes and is credited with developing the Complex
Financial Restructuring Program for the American Bankruptcy Institute
(ABI).
"We are thrilled that a leader of Lorie's caliber has joined our company
to add momentum to our expanding efforts beyond our core aviation and
aerospace work," said John E. Luth, Chairman, President, and Chief
Executive Officer, Seabury Group LLC. "Increasingly today our customers
represent a variety of business categories as our competencies and range
of services around corporate recovery and organization has become even
more critical. Lorie brings top-tier expertise that will benefit clients
and expand our industrial base," he added. Ms. Beers will report to Mr.
Luth and will be responsible for Seabury's restructuring practices for
all industry segments outside of the aviation and aerospace sectors.
Prior to joining Seabury, Ms. Beers was Managing Director for KPMG's
Special Situations Advisory Group in New York. Her previous experience
also includes working with the investment bank of Gordian Group LLC, as
well as having been a partner in the bankruptcy and insolvency practice
at Kasowitz, Benson, Torres, and Friedman LLP.
Ms. Beers sits on the board of directors of the ABI and is co-chair of
its Investment Banking Committee. She also is a member of the Turnaround
Management Association. She holds a JD from the University of
Pittsburgh, and earned a BA in economics at Dickinson College. She is a
FINRA registered representative, with Series 7, 24, and 63 securities
licenses.
About Seabury Group
The Seabury Group is a global advisory and investment management group
with over 200 professionals providing investment banking,
restructuring/corporate recovery, management consulting, IT development,
and human capital advisory services.
Seabury professionals have in depth experience in providing advisory
services to a broad range of industries including aerospace, automotive,
aviation, cargo, consumer products, distribution, financial services,
gaming, infrastructure (ports and airports), logistics and maritime and
manufacturing. Seabury has advised over 400 clients spanning Africa,
Australia, Asia, Europe, the Middle East, and the Americas with
principal offices in New York, London, Amsterdam, Hong Kong, Los
Angeles, Toulouse, and Washington, D.C., and additional offices in Fort
Lauderdale, Houston, and Singapore.
Seabury is the leading global advisor to the aviation industry, having
successfully managed seven of the 10 largest airline restructurings or
corporate recoveries in the world, and raised over $30 billion of
capital financing, including over $3.5 billion of equity financings.
Recent assignments include a highly successful Cdn$1.0 billion liquidity
raise for Air Canada (September 2009), the restructuring,
recapitalization and sale of Frontier Airlines (October 2009), and
advising on the restructuring and sale of Midwest Airlines (July 2009).
Additional landmark deals include: raising $1.1 billion for US Airways
Group, Inc. (October 2008); restructuring and raising of $750 million of
equity for Northwest Airlines (September 2007), for which Seabury was
awarded Airfinance Journal's "North American Deal of the Year";
arranging the merger and $2.2 billion of capital financing of US Airways
and America West Airlines (September 2005); and raising $1.6 billion of
equity and debt exit financing for Air Canada's successful
reorganization under CCAA (September 2004).
For more information, please visit: www.seaburygroup.com
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