Matt is a Partner with Novo Advisors and is based in New York. Matt manages clients through the complexities of both in-court and out-of-court restructurings. He has 25 years of evaluating and managing liquidity, developing business plans; negotiating term sheets; creating restructuring support agreements, forbearance agreements, and debt amendments; and overseeing sales processes and refinancings.
Matt has worked on deals in such industries as pharmaceuticals, specialty chemicals, dairy, power, municipalities, healthcare, transportation and real estate.
- Recently, Matt served as the Chief Restructuring Officer for a $150M revenue generic pharmaceutical company where he successfully sized the liquidity hole and led negotiations for debt service relief as part of a holistic solution with the lenders and sponsor.
- Additionally, Matt advised Borden Dairy in its Chapter 11 process facilitating a 363 sale to its First Lien Lender for $340M and preserving over 3,300 jobs.
- Matt supported Aceto, a global virtual manufacturing company, in its restructuring. He negotiated covenant relief and increased borrowing access to the Client’s revolver; providing $23 million in additional liquidity and runway to execute a sales process.
Matt has significant expertise in public finance and “quasi municipal” restructurings. He has served as an advisor in numerous matters including the Puerto Rico Electric and Power Authority (PREPA), the City of Stockton and the City of San Bernardino, California, as well as to various affordable and student housing projects, toll roads and hospitals.
Prior to joining Novo, Matt helped found the Restructuring group at Oliver Wyman. Preceding that, Matt spent almost five years at AlixPartners where he advised companies and lenders in distressed situations. From 2007–2017 Matt helped form the Special Situation Group at MBIA, successfully remediating over $7B of deals. Matt also has spent time at two of the Big Four accounting firms in their respective Restructuring Groups.
Matt has a Bachelor of Science in finance from the University of Illinois at Urbana-Champaign and is a Certified Insolvency and Restructuring Advisor (CIRA).