Nicholas Haughey

Managing Director
15+ years of experience in turnaround management, financial restructuring, and performance improvement
Provides financial clarity and operating improvement through financial modeling, cash forecasting and analysis, and restructuring services
Advises companies on both in- and out-of-court restructurings
Atlanta
@alvarezmarsal
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Nicholas Haughey is a Managing Director with Alvarez & Marsal Restructuring & Turnaround in Atlanta. He has more than 15 years of experience in turnaround management, financial restructuring, and performance improvement consulting.

Mr. Haughey utilizes his experience to provide financial clarity and operating improvement planning to clients through financial modeling, cash forecasting and analysis, and corporate restructuring services.

Notably, Mr. Haughey served as the Chief Restructuring Officer of Red Lobster, a restaurant chain with approximately 550 locations in the US and Canada and 25+ franchised locations in Latin America and Asia. He was responsible for forecasting and managing cash in a time of limited liquidity, planning and executing all aspects of the bankruptcy process, negotiating debtor-in-possession financing to fund operations and case administration, and assisting with the development of the Plan of Reorganization to recapitalize Red Lobster through a sale of the business to the secured lenders.

Mr. Haughey’s other notable engagements include leading the bankruptcy planning and preparation, asset sale analysis, and estate liquidation aspects of a complex Chapter 11 case for Dean Foods Company, the largest dairy bottling operation in the US. The case resulted in the sale and continuing operation of 54 dairy plants, while generating a recovery to certain classes of unsecured creditors.

Prior to rejoining A&M, Mr. Haughey spent three years as Vice President of Finance with Dex Media/DexYP, guiding the company through a successful pre-packaged bankruptcy reorganization process and negotiating key terms of the exit financing package that reduced the company’s debt from $2+ billion to $600 million. He also led the due diligence, financial modeling, and fundraising efforts associated with the $600 million acquisition of YP Holdings and negotiated and executed a dividend recapitalization through a new $825-million term loan. Mr. Haughey has also worked extensively with private equity-backed companies to improve operating performance by implementing rapid reforecast tools for cash and EBITDA monitoring and forecasting, reducing costs, and streamlining organizational structures and processes. He started his career at EY.

Mr. Haughey earned a bachelor’s degree in finance from Wofford College and a master’s degree in accountancy from the University of Notre Dame. He is a member of the Turnaround Management Association.

Latest insights The latest insights from Nicholas Haughey's team
In the current tough economic environment, management and shareholders need to take action to improve the profitability and liquidity of their business assets. This exercise requires the process of reviewing the organization’s legal structure, its divisions, sites, factories, and products.