Kevin A. Krakora, CTP is a managing director, based in Chicago, with over 28 years of experience in corporate turnarounds, strategic consulting, financial and operational restructurings, and debtor bankruptcy situations. He has extensive experience advising both companies and senior lenders in complex debt restructurings, financings and workouts. Kevin specializes in advising and working with under-performing companies to develop and implement business transformation strategies, operational/financial improvements and turnaround plans. He has worked with financially distressed companies to address liquidity issues, improve working capital, develop cost containment programs, implement process improvements and improve profitability. He has led numerous §363 sales processes in Chapter 11 cases as well as business and assets sales in out-of-court situations.
Kevin advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans, assisting both in their development and implementation. He has led negotiations with senior lenders, junior lenders, equity holders, and acquisition partners, as well as key customers, suppliers and vendors on behalf of his clients. He has served as a Chief Restructuring Officer and Independent Director.
Kevin has substantial experience in numerous industries, including airline, automotive, furniture, healthcare, industrial/manufacturing, oil & gas, and security/alarm among others. He has also advised numerous companies in confidential engagements involving refinancings and out-of-court debt restructurings, recapitalizations and divestitures.
He has advised the Official Committee of Unsecured Creditors in several high-profile bankruptcies including AMR Corporation (American Airlines), North American Petroleum Corporation USA, Pappas Telecasting Companies and UAL Corporation (United Airlines). Kevin recently served as Chair of TMA Global, a global organization comprised of turnaround and corporate renewal professionals with 55 chapters worldwide. He is a Certified Turnaround Professional and a frequent speaker on restructurings and distressed M&A.
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