• 
  Close
  

  Representative Engagement

  • Practice Area

    Restructuring

  • Industry

    Financial Services

  
  

  Navigant Consulting, Inc./ NCA was appointed by the United States Bankruptcy Court for the Southern District of New York as Financial Advisor to the estate of the $450 million Bayou Funds, reporting to the Sole Managing Member of the Estate. Our professionals were responsible for assisting the Sole Managing Member in recreating the financial books and records of this failed fund, obtaining necessary hard-copy documentation, performing forensic analysis on historic fund assets, and tracing of investors’ contributions and redemptions. In addition, the team was responsible for developing the financial models used in valuing and determining the proper equitable reallocation of Estate assets to fund investors. The team regularly met with the Estate’s counsel, government representatives including the Federal Bureau of Investigation, and the fund’s creditors’ committee to assist the Sole Managing Member in the appropriate wind-down of the fund.
  

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Restructuring

  • Industry

    Financial Services

  
  

  Navigant Consulting, Inc. / NCA is assisting a $14 billion hedge fund family, which recently experienced a significant decline in performance resulting in a number of investors requesting redemptions. Given the adverse impact liquidation would have on realization of asset values, the hedge fund family is working with the group of investors to bifurcate the Funds into a group of liquidating funds and go-forward funds. NCA has been engaged to oversee the process to ensure fairness in the allocation of assets including hard-to-value illiquid assets, determine the viability of the new go-forward fund, and to ensure proper communication with all investor groups with respect to the restructuring alternatives.
  

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Valuation

  • Industry

    Financial Services

  
  

  E*TRADE Financial Corp. is a global company, offering a wide range of financial solutions to retail, institutional and corporate customers. NCA professionals performed a number of valuations of various reporting units under SFAS 141 and 142. Assets valued include customer relationships, contracts, covenants not to compete, referral agreements and trade names.
  

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Restructuring

  • Industry

    Financial Services

  
  

  GMAC ResCap is the second largest independent residential mortgage lender in the U.S., originating first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and internet sites. Our professionals were retained to create and execute a plan to mitigate the negative impact caused by the downturn in the subprime and homebuilding market. NCA worked with management to create and execute a detailed risk mitigation plan and managed total aggregate exposure in excess of $15 billion including the orderly liquidation of the largest mortgage warehouse lending portfolio in the U.S. Specific tasks included:
  

  
  

  
  
  • Creation and oversight of a 70 person special assets team;
  
  
  • Development and oversight of collateral monitoring and exposure management systems;
  
  
  • Oversight of loan sale execution process responsible for disposition of over $3 billion of mortgages; and
  
  
  • Negotiation and implementation of bankruptcy strategies associated with maximization of value of distressed debt in connection with the largest subprime origination and homebuilder bankruptcies.

  
  

   
  

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Restructuring

  • Industry

    Financial Services

  
  

  GMAC ResCap is the second largest independent residential mortgage lender in the U.S., originating first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and internet sites. Our professionals were retained to create and execute a plan to mitigate the negative impact caused by the downturn in the subprime and homebuilding market. NCA worked with management to create and execute a detailed risk mitigation plan and managed total aggregate exposure in excess of $15 billion including the orderly liquidation of the largest mortgage warehouse lending portfolio in the U.S. Specific tasks included:
  

  
  

  
  
  • Creation and oversight of a 70 person special assets team;
  
  
  • Development and oversight of collateral monitoring and exposure management systems;
  
  
  • Oversight of loan sale execution process responsible for disposition of over $3 billion of mortgages; and
  
  
  • Negotiation and implementation of bankruptcy strategies associated with maximization of value of distressed debt in connection with the largest subprime origination and homebuilder bankruptcies.

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Restructuring

  • Industry

    Financial Services

  
  

  Navigant Consulting, Inc. / NCA was appointed by the United States Bankruptcy Court for the Northern District of Illinois as Financial Advisor to the estate of $1.5 billion Sentinel Management Group, Inc., reporting to the court-appointed trustee. Our professionals are responsible for assisting the trustee and outside counsel in the operation and management of the estate, identification and collection of all electronic and hard-copy data, performing forensic analysis of historical trading, financing and customer account activity, tracing and identification of fund assets and development of accounting, solvency and other financial analyses in support of legal action brought by the trustee against third parties. In addition, NCA participates in presentations of factual information and analyses to the Creditors Committees and regulators, including SEC, CFTC and NFA. Our professionals have submitted declarations in support of litigation and will serve as testifying experts in current and contemplated litigation against third parties.
  

  
  

  

To learn about our Credit Crisis initiative, click here to enter Navigant’s Knowledge Center.

• 
  Close
  

  Representative Engagement

  • Practice Area

    Investment Banking

  • Industry

    Financial Services - Insurance

  
  

  Cartesian Capital Group, LLC formed Starr Global Accident & Health Insurance Agency, LLC in partnership with C.V. Starr & Co., Inc. Cartesian is a principal investment firm specializing in acquiring minority stakes in its portfolio companies. C.V. Starr & Co., Inc., a holding company, provides insurance services. The company offers aviation, marine, casualty and property insurance coverage policies. It also provides claims handling and settlement, risk assessment and loss prevention services. In addition, the company holds investments in public and private equity, hedge funds, and alternative assets. Navigant Capital Advisors, LLC served as financial advisor to Cartesian Group.
  

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Investment Banking

  • Industry

    Financial Services - Insurance

  
  

  Paradigm Management Services, LLC (“Paradigm”) is the leading provider of catastrophic claims management services. NCA served as Paradigm’s exclusive financial advisor in structuring and negotiating a joint-marketing agreement with a leading insurance broker, thereby adding an additional distribution channel for Paradigm ’s unique services.
  

  
  

  
• 
  Close
  

  Representative Engagement

  • Practice Area

    Valuation

  • Industry

    Financial Services - Insurance

  
  

  NCA served as exclusive financial advisor to the Special Committee of State Mutual Insurance Company (“SMIC”), in connection with SMIC’s divestiture of a controlling equity interest in an insurance marketing services subsidiary. In addition to providing financial advisory services to the SMIC Special Committee, NCA rendered a fairness opinion to the board of SMIC in connection with the transaction.