Mr. Victor Tkachenko
Scope of Current Activities: Advise on corporate renewal of impaired companies and restarts 'specializing in those with significant intellectual property holdings. Work within a range of sectors, including technology, manufacturing, and energy. Select Large Corporate Restructurings: Chief restructuring officer, representing Asian and European groups of investors, with the responsibility to restructure US$200 million of a forest products company's (Repap) Clearstream listed FRN securities (held by the holding company). From a start of 52Â¢/$, succeeded in being partially prepaid first and later in full. Was a senior member of various steering committees restructuring cross-border debt securities, including an oil and gas company (Gulf), a real estate company (Trizec), and a diversified international financial institution (Central Capital). Chaired the advisory committee on the implementation of a $250 million IPO for Central Capital's group of insurance companies' then sold it to KKR for a higher price. Restructurings have also included international project financings, shipping, real estate and supporting roles on a diverse set of international companies. Have a working knowledge of credit, derivative and equity related documentation and analysis, including ISDA, distressed debt trading, and, commercial and financing structures that are Shariah compliant. Select Corporate/Mid Market Renewals: Successfully advised firms on structural and enterprise level changes to sustainable development/energy sector ventures aimed at allowing easier access to financing and/or achieving a turnaround. Developed, rolled up, and sold a firm focused on acquiring distressed sawmills. Restructured and funded an advanced materials technology firm. Chaired the fairness opinion committee on the merger of two publicly traded oil and gas companies, one distressed and listed in North American and the other in Sweden, both with assets in Siberia and the Black Sea region. Sovereign Rescheduling: Developed a capital markets based program to reduce arrears in cross border energy payments in the FSU for ICERC (Germany). In the 1980s was involved with the steering committees for Chile, Nicaragua and Bolivia. Executed a debt /equity swap in Brazil. Successes in Lean Manufacturing: Experience in operations turnarounds began at Union Carbide wherein the operations of a plastics processing and warehousing/shipping facilities, having annual revenues of $100 million, were rationalized. Within the first two quarters released $1.2 million to the firm's EBITDA. Carried out a large complex manufacturing enterprise level operating efficiency assessment involved applying lean manufacturing techniques to minimizing the need for a major additional capital expenditure driven by a radically changed product mix for a US$400 million polymer plant then under construction. The use of a customer driven stochastic simulation, modeling the production and distribution/logistics activities of the business was used to demonstrate that no added capital expenditure was needed. The successful operation of the new plant confirmed the position taken. Career Profile: Previously worked for Union Carbide Corporation, The Bank of Nova Scotia, Credit Lyonnais, Canadian Imperial Bank of Commerce and Westdeutsche Landesbank Gz.