Mr. Blum is adept at both the operational and financial aspects of restructurings and has managed liquidity and business plan issues, as well as negotiated complex balance sheet restructurings and recapitalizations. His primary areas of focus include the development and evaluation of strategic business plans and cash flow projections, assessment of bankruptcy planning and strategy, assistance in the negotiation of debtor in possession financing, preparation of liquidation analyses and the development of recapitalization and refinancing plans. He advises companies, creditors and investors in media, telecommunications, coal, retail, finance, grocery, food processing, real estate / hospitality and manufacturing.
Mr. Blum’s engagements include representing the debtor in the U.S. Coal, Gas Mart and AmTrust bankruptcies. He was named Chief Restructuring Officer of Stillwater Offshore Asset Backed Fund where he constructed a global settlement encompassing over 20 parties that was approved in four separate court proceedings. He also served as CRO of several other companies during his career. He advised the indenture trustee for approximately $1.8 billion in bonds in the Travelport Holdings restructuring and represented Bayer in the Kodak bankruptcy. Mr. Blum was also an advisor to a private equity fund relating to the business plan restructuring and balance sheet recapitalization of multiple domestic and foreign real estate projects. He has also served as financial advisor to unsecured creditors’ committees and as liquidating trustee.
Prior to joining A&M, Mr. Blum served as a Principal with GlassRatner in New York where he was responsible for originating and managing operational and financial restructuring assignments throughout the U.S. Previously, he was a Managing Member of Triax Capital Advisors where he originated and executed various restructuring matters. Mr. Blum was formerly a Senior Vice President at Communications Equity Associates and a Director with Merrill Lynch in New York where he focused on the media and telecommunications industries.
Mr. Blum earned a bachelor’s degree from Cornell University, where he received the Arts & Sciences Dean’s Award, and an MBA from Columbia Business School, graduating with Beta Gamma Sigma honors. He has published articles and participated as a speaker on panels related to a variety of restructuring topics. He was also a lecturer at Pace Business School on restructuring issues. Mr. Blum is a member of the American Bankruptcy Institute and the Turnaround Management Association.