Traxi in the News
Most Recent Articles | Corporate Restructuring & Bankruptcy | Real Estate Investment Banking | Asset ManagementMost Recent Articles
It is All in the Family for Traxi’s Robert IommazzoIommazzo, now a managing director at financial advisory firm Traxi LLC, had spent two years as a consultant to Scalamandre at the request of its lender, whose debt the company needed to refinance. The husband-and-wife owners grew to trust Iommazzo, deciding in 2007 to make him Scalamandre’s new president – the first nonfamily member to hold that position.Iommazzo was able to successfully refinance the company’s existing debt at a time when growing doom on Wall Street threatened to dry up orders for Scalamandre’s fabrics, wall coverings and carpets. |
Robert J. Iommazzo Joins Traxi as Managing DirectorRobert J. Iommazzo, a restructuring and investment banking professional with more than 30 years of experience, has joined Traxi LLC. As a national financial advisory and consulting firm Traxi offers comprehensive, practical and streamlined solutions to complex business challenges requiring turnaround, restructuring, management and/or transactional expertise. Mr. Iommazzo will serve as a Managing Director at the firm, where he will be responsible for further developing the restructuring, investment banking, litigation support and forensic accounting practices. The announcement was made by Anthony J. Pacchia, Traxi’s CEO. |
 |
For-Profit Buyers Drive Recent Spate Of Health-Care DealsFor-profit health-care companies are increasingly snapping up their struggling not-for-profit brethren, a trend restructuring experts say will continue as years of financial woes drive the industry’s consolidation. These investor-owned companies have long seized opportunities to grow by buying up nonprofits, many of which lack the capital and resources to stay afloat. But the action has picked up amid an economic downturn that’s compounding the many financial pressures that nonprofit facilities are already facing. |
 |
Strategic Alternatives for Distressed Businesses, 2010 EditionThe latest edition of West’s reference book, detailing distressed businesses, bankruptcy law, and analysis of practice, features a chapter authored by Traxi’s Steven A. San Filippo. In “The First 30 Days of an ABC” Steve offers practical advice on the first steps of setting up an ABC; applicable to the distressed company, creditors, the assignee, and other interested parties. Distressed companies selecting an assignee will find this information particularly valuable as a checklist of the steps needed, and an evaluation of the accomplishments that should be achieved with each step in the process. |
Traxi Advises PPM Technologies in the sale of substantially all of its assetsWe are pleased to announce, Traxi LLC, a national full-service advisory firm, acted as the exclusive investment banker to PPM Technologies Inc., (PPM) in the bankruptcy sale of substantially all of its assets under Section 363 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois. |
 |
PPM Technologies Seeks Leading Bidder For June 17 AuctionPPM Technologies Inc., which provides manufacturing equipment to the food processing and packaging industry, is gearing up to put its business on the auction block. |
| 
Why Today’s Lenders Need a Solid Borrower PlanRevising borrowers’ loan requests is critical amid the changing face of financing |
Where Distress Goes, Lawsuits May FollowThe environment of troubled assets and loans can give rise to litigation, and even buyers can face legal liability |
|
Blowing The WhistlePractical Procedures for Detecting & Derailing Fraud... |
Traxi Modification Capital FundThe Modification Capital Fund, which will invest between $5 and $15 million per target transaction. ... |
 |
Traxi's Paul Fried Addresses Practicing Law Institute, Discusses Future of Lending Industry and Deal Structure TrendsThe PLI seminar was widely successful, attracting many of top names in real estate and finance. |
 |
Vanishing Subprime is a Shame |
 |
Tranche WarfareThere are many parties at the table in CMBS workout situations. It is still far from clear who the winners will be…. |
 |
Who Can You Trust?The New Jersey Chapter of the Turnaround Management Association and the New York Institute of Credit delved into the issue ... |
|
Be prepared should be borrowers new mottoSpeaking at the inaugural GreenPearl Distressed Real Estate Conference ... |
 |
The Real Estate Drag on GEWhy losses at its commercial property unit could continue even after the market stabilizes.. |
 |
For Commercial Real Estate, Hard Times Have Just BegunAs the commercial real estate market heated up earlier in the decade and lenders competed feverishly... |
Corporate Restructuring & Bankruptcy
|
|
For-Profit Buyers Drive Recent Spate Of Health-Care DealsFor-profit health-care companies are increasingly snapping up their struggling not-for-profit brethren, a trend restructuring experts say will continue as years of financial woes drive the industry’s consolidation. These investor-owned companies have long seized opportunities to grow by buying up nonprofits, many of which lack the capital and resources to stay afloat. But the action has picked up amid an economic downturn that’s compounding the many financial pressures that nonprofit facilities are already facing. |
|
PPM Technologies Seeks Leading Bidder For June 17 AuctionPPM Technologies Inc., which provides manufacturing equipment to the food processing and packaging industry, is gearing up to put its business on the auction block. |
|
|
Blowing The WhistlePractical Procedures for Detecting & Derailing Fraud... |
|
Who Can You Trust?The New Jersey Chapter of the Turnaround Management Association and the New York Institute of Credit delved into the issue ... |
 |
Traxi Serves as Exclusive Investment Banker and Bankruptcy AdvisorTraxi, LLC, a national full-service advisory firm, acted as the exclusive investment banker to Meadowcraft, Inc... |
 |
Traxi Hustles Distressed MarketsA few months back, Archway & Mother's Cookies Co. and Sleep Innovations were focused largely on selling cookies and ... |
 |
Boscov's bidding war could include familyThe bidding war for the country's oldest family-owned department store has begun. Or, shall we say, the first salvo has been fired... |
 |
Kelly Stapleton on Bloomberg PodcastListen to TRAXI’S Kelly Stapleton discuss the role of the US trustee in GM filing on Bloomberg. |
 |
Is EnCap project still viable?A financial expert hired by EnCap told a federal judge today that it ... |
|
KPMG Faulted on Handling of Polaroid Financial ReportsA federal bankruptcy examiner yesterday criticized KPMG for not being ... |
Real Estate Investment Banking
Where Distress Goes, Lawsuits May FollowThe environment of troubled assets and loans can give rise to litigation, and even buyers can face legal liability |
|
Be prepared should be borrowers new mottoSpeaking at the inaugural GreenPearl Distressed Real Estate Conference ... |
|
The Real Estate Drag on GEIn 2008, the first full year of the recession, General Electric's (GE) commercial real estate ... |
|
Paul Fried is the man to count on in cash crisis: Paul Fried, managing director, Traxi LLCPaul Fried, the investment banking and real estate finance expert who recently joined advisory firm Traxi ... |
|
Wall Street Tumult Casts Pall on Manhattan Real EstateAs the financial services industry expanded rapidly in mid-decade, Manhattan office rents skyrocketed, investors competed furiously ... |
|
Bloomberg Hosts Seminar on Hot Topics in BankruptcyBloomberg L.P. is hosting a Bankruptcy Law Seminar on "Hot Topics in Bankruptcy:Homebuilders in Chapter 11 and Trading Claims in Bankruptcy" in New York, co-sponsored by the CLE Institute, New York County Lawyers' Association….. |
 |
Vulture Funds Plan to Buy Assets Ahead of BailoutFor months, vulture funds and other yield-hunting investors have been poised to buy distressed commercial real-estate assets ... |
 |
Casualties of the Gold RushFinding office space and setting up trading floors used to be ... |
|
Paul Fried: The man with the capital planFrom his earliest days growing up in central New Jersey, Paul Fried, principal of AFC Realty Capital, always knew he was headed for ... |
Asset Management
 |
Liquidation LandCorporate rehabilitation has long been the cornerstone of American bankruptcy policy ... |
|
Release Sought of Polaroid ReportThe court-appointed examiner who has been investigating the accounting ... |