Rob Vanderbeek has more than 30 years of restructuring, performance improvement and due diligence as well as litigation, valuation and forensic experience in a broad range of industries, including healthcare, energy, financial services, transportation and trucking, manufacturing, mortgage products, real estate, retail, hospitality, equipment leasing and distribution.
Rob led many distressed companies through the restructuring and sales processes, both in and out of court, for various constituents. He has served as interim COO and other interim mandates related to complex cases and has also played key roles in operational cost rationalization efforts, as well as an expert in litigation support and forensic investigations. He has testified in bankruptcy court including DIP and cash collateral matters.
Rob has worked with businesses from $50 million to $40 billion in sales:
- As an assistant to the interim CFO and Treasurer of Kmart in its fast-track bankruptcy reorganization, Rob monitored liquidity, asset sales, DIP compliance, store closing activities and executory contract review process.
- As an advisor to the Chapter 11 Trustee for the Thornburg Mortgage bankruptcy, Rob oversaw the wind-down of a $24 billion failed REIT, including asset sales, pursuit of insider claims and potential causes of action.
- As financial advisor, Rob worked with a principal creditor group owed $200 million in the out of court restructuring of National Amusements (Sumner Redstone’s movie theater company).
- As an advisor to bondholders of a power generation facility at JFK Airport, Rob assessed the validity of projections and evaluated project economics and ability to meet debt service obligations in support of debt restructuring negotiations.
- As an advisor to secured lenders with a $200 working capital facility for Verity Healthcare, an organization with six acute care medical centers in California, Rob assisted his client through a series of bankruptcy sales, which succeeded in getting them out whole.
- As an advisor to a Chapter 11 Trustee of seven critical access hospitals, Rob counseled the client on operational stabilization, potential reopening and bankruptcy sale and disposition.
- As an advisor to multiple healthcare facilities, Rob developed strategic alternatives as well as contingency plans to facilitate a sale. This includes advising the Boards of North Oakland Medical Center and Brookdale Medical Center regarding strategic alternatives. (Brookdale Medical Center had 530 beds well as nursing home and assisted living facilities.)
- As an advisor for numerous wind-downs, both in and out of court, in several industries: building supply, third party claims administrator, taxi, telecom, retail, mortgage lending and real estate services.
Prior to joining Novo, Rob spent five and a half years at Grant Thornton, where he served as a Managing Director. Before that he worked at Goldin Associates (now Teneo), a financial advisory boutique where he was a member of the Management Committee and ranked in the Top 25 Crisis Management Professionals in Deal League Tables for six years. Before joining Goldin, Rob served as a Managing Director in the Restructuring & Turnaround practice at Huron Consulting Group. Prior to that, he worked in the restructuring practices of AlixPartners and FTI. Earlier in his career, he worked as a bank examiner at the Federal Reserve Bank of New York.
Rob holds a JD from Pace University – Haub School of Law, an MBA from the New York University – Stern School of Business and a B.S. in Finance from the Lehigh University. He is a member of the New York chapter of the Turnaround Management Association and American Bankruptcy Institute. Lastly, Rob has served on a not-for-profit Board as an Audit Committee Chair for a guardianship company at the request of the NY State Attorney General.