Bookings open for TMA Europe's Distressed Investing Conference 2015

TMA Europe will once again host its annual event dedicated to the distressed investing market in London this September.

Some of Europe's leading turnaround experts will attend the Distressed Investing Conference on Thursday, 17 September, for which bookings are now being taken.

With more than €1.5 trillion of NPLs in European bank portfolios and increasing pressure from regulatory and AQR pressure to offload, the conference will seek to throw some light on where the action will be in 2015 and 2016, who is buying and selling and what the opportunities are in SME corporate loans.

The event will provide an opportunity to hear the views of those closely engaged in sell-side portfolio divestment and buy-side portfolio appraisal as to what asset classes are on offer, what frustrates sellers and what drives the buyers. Debates will range from whether the markets are working smoothly to what professionals can expect from regulatory requirements and profit expectations.

More than 100 buyers, sellers and advisory professionals are expected to attend the fourth annual event.

The event is being hosted by TMA Europe sponsors Deloitte at their Auditorium, 2 New Street Square. It will run from 4pm until 8pm.

Book now to ensure your place at the forthcoming Distressed Investing Event.

An outstanding example of turnaround management has been recognised by the European body dedicated to corporate renewal.
The winners of Turnaround Management Association Europe's Turnaround of the Year Awards were announced at its annual conference in Stockholm last month as Dr Lukas Fecker, of Innovation Brain LLC, and Alan Tilley, of BM&T, for their work on the turnaround of Finatrade Group.
The awards, which are now in their fourth year, aim to celebrate the achievements of the individual or team of TMA turnaround professionals who have orchestrated the most successful recovery of a struggling company. Submissions are assessed on the actions taken to bring around the turnaround, the issues that arose and how they were overcome, as well as the eventual outcome.

Read more.... 

TMA Europe Roundtable Discussion in Milan

TMA Europe are planning the third Roundtable discussion in Milan on, Thursday 8 October 2015.  The Round Table discussion will feature a panel of senior figures from central banks, regulators and law firms, together with alternative investors, PE and IFAs.

Speakers will be by invitation only, focusing on the leading voices in the field, and each debate  will take place in front of an audience, which will be open to interested parties in the turnaround and banking field. 

The debates will be open to anyone working in turnaround and restructuring and will provide them with the chance to hear first-hand from experts in the field. Turnaround and restructuring professionals have an added interest in restructuring trends with political and ethical issues of conflict surrounding independence in the spotlight.

The Milan Round Table will be held at Expo Milan,- Casa Ferrarini. The discussion will focus on the role Milan can play in the European financial markets.

Book now to attend. 

Sponsorship opportunities are available. 

New board members sought for TMA Europe 

TMA Europe is seeking new board members to help continue to grow the Association. 

Becoming a board member is  an ideal opportunity to become more involved with the work of the Association, which is really developing at pace as we now have 7 events across Europe with 12 Chapters and 3 Chapters in formation.
 

The role includes helping to develop the event and sponsorship programme as well as helping to develop relationships across Europe. The majority of board business is conducted via email and there are 2 board meetings per year. One before the Europe conference in June and one before the UK conference in November. 

Please register your interest to become a board member with Mandy Caruana

Introducing Chapter 50 - TMA Austria 

In April, TMA entered into an agreement with ReTurn, the Austrian restructuring and turnaround body. As a result of the collaboration, TMA Austria was launched, becoming the 50th TMA chapter worldwide in the process.

Bernhard Klingler, president of the new chapter, said that many of ReTurn's aims, activities and membership had always been very similar to TMA's.

Founded in 2006, ReTurn currently has 430 members, more than 100 of whom have chosen to join TMA so far. It serves as a platform in Austria for restructuring managers, business consultants, bankers, certified public accountants, specialised investors and lawyers.

Mr Klingler said: "Our main goal from the start was to promote and secure the quality of the Austrian restructuring market. ReTurn has worked hard, and made some real impact, on initiatives to improve legal frameworks regarding restructurings, and to make good turnaround management standards visible."

Read more...

EACTP appoints new President

EACTP has appointed Jukka-Pekka Joensuu as its new President. Jukka-Pekka, known as J-P, who is already on the EACTP Executive Board, will start the new role in January 2016 succeeding Tyrone Courtman, who will have served as President for three years.

J-P, who said he was thrilled to be asked to become EACTP President, is Executive Vice President of Finnish-based Cinia group, and has many years of experience managing turnaround and business restructuring cases while holding senior positions in the Nordic telecoms and ICT industry. He is actively involved in turnaround issues at both Nordic and wider European level, and is a past President of TMA Finland. He is currently Vice President International for TMA Global.

Read more...

Integration of dnp DEPPING - BDO is now offering insolvency management

BDO Germany has expanded its range of services to include insolvency management following the integration of dnp DEPPING.

Since 1995, the insolvency administrators of dnp DEPPING have been involved in some 1,300 proceedings across the country as insolvency or bankruptcy administrators.
 

The firm employs 30 staff members in total at three different locations.

"We are thrilled to have found a partner who will supplement our existing range of services in the area of restructuring, and join us in taking our business in a new direction", said Dr Holger Otte, CEO of BDO Germany  Bernd Depping, founder and partner of dnp DEPPING, added: "The scope of services and level of quality of BDO are a perfect match for our organisation, so we have found the ideal partner for handling international proceedings and major insolvencies.

"The core competencies of BDO Restructuring will be insolvency proceedings, restructuring consulting, crisis prevention and intervention, as well as turnaround management." 

TMA UK Young Turnaround Professional Award

At this years' conference we will be announcing the winner of the TMA's prestigious Young Turnaround Professional Award, which recognises the achievements of an individual working in turnaround and restructuring who demonstrates exceptional performance and career development with less than five years' industry service. We have assembled a prestigious judging panel whose details can be seen on the TMA Conference web site. 
 

The deadline for nominations is 15th September and the shortlist will be announced on 13th October.  The nomination forms and further details are available on the conference website:  

If you know anyone who you think should be acknowledged for this award please go to the website and download the form.  In addition to their award the winner will also receive an iPad mini.

Don't forget to book your ticket and be there for the award ceremony and earn 7 CPD points. 

http://www.tma-uk.org/events/programme-2015.asp?ItemID=1571

TMA Netherlands Autumn Event

During this event a Turnaround Workout Simulation Game will take place under the guidance of prof. dr. Jan Adriaanse.

Using the technique of serious gaming, participants will try to rescue a company, making decisions under time pressure. After completion of the game, the lessons learned will be discussed. 

Date: 16 September 2015

Location: Mereveld, Utrecht, Netherlands

For more information please contact Mignon. 

Submit articles for consideration for the next TMA Europe Newsletter to Mandy Caruana by Wednesday, 19 August 2015. Suggested topics include TMA Europe events, activities, or announcements.