Leadership and Track Record in Distressed Times
By Brian DeLucia
As the industry reviews transactions over the next several months, be wary of models because modeling the future will be very uncertain right now.
We are going to see a lot of people promote themselves as distress or special situations players.
However, you need experience in how to turnaround a company, how to pull a company and/or an asset out of a distressed economic market, and how to handle special situations.
The last thing we need are marketers or people suddenly raising capital to chase distressed transactions.
We need folks to calm the waters. We need leadership.