International Bank

Phoenix advises an international bank on its exit strategy.

The Client

Phoenix’s client was a Middle East Bank with a significant United States-based private equity exposure.

The Challenge

The Bank had owned an investment portfolio in the United States. When the Bank became insolvent and could no longer support new investments in the U.S., the bank’s captive investment management arm was disbanded and the bank was left with significant investments that required management and oversight without any staff with the appropriate experience. The bank was faced with a distressed liquidation.

The Solution

The Bank turned to Phoenix Management because of its wide depth of industry experience and knowledge of the financial markets. The Bank and its creditor determined that it would not be in its best interest to liquidate the assets immediately, and decided that more time was required to maximize the value of four of its portfolio companies. Phoenix stepped into the portfolio management role, including board membership of each of these four portfolio companies. Phoenix advised the bank on these companies and its exit strategy.

Phoenix Turnaround

Primary Industry

  • Financial

Secondary Industry

  • Private Equity Fund

    Primary Services

  • Turnaround ManagementInterim ManagementBusiness / Operational AssessmentsStrategic Advisory