Provides restructuring advisory services to companies and stakeholders in distressed situations
Industry expertise includes retail, financial services, manufacturing, consumer products, media services and higher education
Based in New York
+1 212 328 8690
Andrew Sagat is a Senior Director with Alvarez & Marsal in New York. He specializes in providing restructuring advisory services to companies and stakeholders in distressed situations, both in and out of court.
His primary areas of concentration include development and implementation of strategic business plans, liquidity and working capital management, operational performance improvement, recapitalization strategies, and bankruptcy planning and strategy.
Mr. Sagat has assisted clients across multiple industries, including financial services, retail, manufacturing, consumer products, media services, and higher education.
Most recently, Mr. Sagat served as the interim president of Nine West Canada where he led the effort to transition the business from an independently owned licensee in bankruptcy proceedings into a wholly-owned subsidiary of Nine West. This involved post-merger integration and performance improvement efforts across the business as well as implementation of management reporting and forecasting processes to improve financial monitoring. He managed 500+ employees supporting retail (40 stores), wholesale and ecommerce channels.
Previously, Mr. Sagat advised a top-tier research university on its financial and operational restructuring. Prior to that, he was a restructuring advisor to the indenture trustee, at the direction of a majority of bondholders, for $1 billion of senior unsecured notes in the Residential Capital, LLC Chapter 11 case.
Other notable assignments include: advising Vertis Communications, a media printer, on its Chapter 11 prepackaged merger with American Color Graphics; advising Visteon, a $10 billion auto supplier, on its Chapter 11 reorganization; advising Advanta, previously one of the largest issuers of business purpose credit cards, on its Chapter 11 liquidation; advising Oreck Corp. on its out-of-court restructuring; and advising the Philadelphia Orchestra Association on its Chapter 11 reorganization.
Mr. Sagat has also advised various creditor constituencies in Chapter 11 cases, including at Werner Ladder and Brooklyn Hospital, and advised multiple major financial institutions with respect to their Dodd-Frank resolution plans.
Prior to joining A&M, Mr. Sagat spent more than three years at Bear Stearns & Co., working in various roles, including as an analyst in the Loan Portfolio Management Group, where he focused on leveraged bank debt.
Mr. Sagat earned a bachelor’s degree in finance and anthropology, with a minor in economics, from Washington University in St. Louis. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a member of the Association of Insolvency and Restructuring Advisors (AIRA).