RCP Advisors

RCP Advisors
Name	RCP Advisors
Type	Private
Industry	Financial advisory
Founded	2004
Headquarters	New York City
Key people	Christopher C. R., Jason B. R., (examples)
Products	Restructuring, bankruptcy advisory, distressed M&A

RCP Advisors is a financial advisory firm specializing in restructuring, distressed mergers and acquisitions, bankruptcy advisory, and turnaround management. The firm provides advisory services to corporations, creditors, private equity firms, investment banks, and sovereign entities. Founded in the early 21st century, it operates within major financial centers and engages with prominent companies, legal institutions, and regulatory bodies.

History

RCP Advisors traces its origins to restructuring boutiques that emerged after the dot-com bust and the 2008 financial crisis, interacting with institutions such as Lehman Brothers, Bear Stearns, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Deutsche Bank, UBS, Credit Suisse, HSBC, Barclays, BNP Paribas, Société Générale, Rothschild & Co, Lazard, Perella Weinberg Partners, Evercore, Moelis & Company, Greenhill & Co., PJT Partners, Houlihan Lokey, Duff & Phelps, Alvarez & Marsal, FTI Consulting, Deloitte, PwC, KPMG, Ernst & Young, McKinsey & Company, Boston Consulting Group, Bain & Company, Roland Berger, Oliver Wyman, Cornerstone Research, Navigant Consulting, A&M, Guggenheim Partners, Oaktree Capital Management, Apollo Global Management, Blackstone, KKR, Carlyle Group, Providence Equity Partners, Bain Capital, TPG Capital, and Silver Lake Partners. Early engagements often involved distressed assets linked to corporate reorganizations following high-profile bankruptcies like Enron, WorldCom, General Motors bankruptcy of 2009, Chrysler bankruptcy, Washington Mutual, Lehman Brothers bankruptcy, and restructurings after sovereign debt episodes such as Greece debt crisis and Argentine economic crisis.

The firm expanded through the 2010s, advising on cross-border insolvencies that intersected with courts and practices in jurisdictions including United States Bankruptcy Court for the Southern District of New York, Delaware Court of Chancery, High Court of Justice (England and Wales), Federal Court of Australia, Ontario Superior Court of Justice, European Court of Justice, and regulatory regimes influenced by institutions like the U.S. Securities and Exchange Commission, Financial Conduct Authority, European Central Bank, Bank of England, International Monetary Fund, and World Bank.

Services and Specializations

RCP Advisors provides services commonly required in complex restructurings and distressed situations, collaborating with actors such as Chapter 11 practitioners, turnaround professionals from Alvarez & Marsal, litigation counsel from firms active in Delaware Chancery litigation and New York litigation, creditor committees, debtor-in-possession lenders, hedge funds like Citadel LLC, Elliott Management Corporation, Third Point LLC, Baupost Group, Paulson & Co., Och-Ziff Capital Management, Appaloosa Management, BlueMountain Capital Management, Bridgewater Associates, Two Sigma, Renaissance Technologies, D.E. Shaw & Co., Viking Global Investors, Point72 Asset Management, Millennium Management, and private equity sponsors.

Specializations include distressed M&A advising in transactions akin to those involving Time Warner, AT&T Inc. acquisition of Time Warner, Anheuser-Busch InBev acquisitions, Toys "R" Us bankruptcy, Toys "R" Us liquidation, Hertz Global Holdings bankruptcy, PG&E Corporation bankruptcy, Toys "R" Us, Chesapeake Energy restructuring, Energy Future Holdings restructuring, Pacific Gas and Electric Company restructuring, Peabody Energy bankruptcy, Whiting Petroleum restructuring, and sector-focused turnarounds in retail, energy, telecommunications, aviation, automotive, engaging with counterparties such as American Airlines Group, Delta Air Lines, United Airlines Holdings, Boeing, Airbus, Ford Motor Company, General Motors, Tesla, Inc..

The firm provides valuation, creditor negotiation, capital structure analysis, DIP financing advisory, and exit financing strategies parallel to services of Houlihan Lokey and Lazard on deals involving asset managers, sovereign wealth funds like Norway Government Pension Fund Global, Abu Dhabi Investment Authority, Qatar Investment Authority, Temasek Holdings, GIC Private Limited, and strategic buyers including Amazon (company), Walmart, Costco Wholesale Corporation, Target Corporation, Ikea, Apple Inc., Microsoft, Alphabet Inc., Meta Platforms, Inc., Netflix, Disney, Comcast.

Leadership and Organizational Structure

Leadership typically comprises experienced restructuring professionals with backgrounds at major advisory firms and investment banks, resembling career paths of executives who worked at Goldman Sachs, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Deutsche Bank Investment Bank, and consulting firms like McKinsey & Company and Boston Consulting Group. The organizational structure includes practice groups focused on industry verticals, a corporate finance team, a restructuring operations group, and a legal-liaison unit coordinating with law firms such as Kirkland & Ellis, Skadden, Arps, Slate, Meagher & Flom, Jones Day, Paul, Weiss, Rifkind, Wharton & Garrison, Sullivan & Cromwell, Cleary Gottlieb Steen & Hamilton, Weil, Gotshal & Manges, Latham & Watkins, Sidley Austin, Covington & Burling, and Mayer Brown.

Senior advisors often include former regulators and judges or practitioners with experience at institutions like the U.S. Department of Justice, U.S. Trustee Program, Federal Reserve Board, Office of the Comptroller of the Currency, and academics from universities such as Harvard University, Yale University, Columbia University, University of Chicago, Stanford University, New York University, London School of Economics, University of Oxford, University of Cambridge, University of Pennsylvania.

Notable Transactions and Clients

RCP Advisors has been reported to advise on restructurings and sales processes comparable to high-profile matters involving Lehman Brothers, General Motors bankruptcy of 2009, Enron, WorldCom, Calpine, PG&E Corporation bankruptcy, Toys "R" Us liquidation, Hertz Global Holdings bankruptcy, Chesapeake Energy restructuring, Energy Future Holdings restructuring, Peabody Energy bankruptcy, and turnaround engagements resembling those of American Apparel, Neiman Marcus Group bankruptcy, J.C. Penney bankruptcy, Sears Holdings bankruptcy, RadioShack bankruptcy, Blockbuster LLC bankruptcy, Kodak bankruptcy, Nortel Networks bankruptcy, Pan Am, Swissair bankruptcy, Bear Stearns-related liquidations, and sovereign restructurings akin to Greece debt crisis and Argentine economic crisis. Clients span creditors, debtor companies, private equity firms like Blackstone, Kohlberg Kravis Roberts, The Carlyle Group, Bain Capital, strategic buyers such as Amazon (company), Walmart, and special-situation hedge funds.

Regulatory and Legal Issues

Advisory work often intersects with legal and regulatory frameworks involving the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority, Bankruptcy Code, Chapter 11, Federal Reserve Board, Office of the Comptroller of the Currency, Financial Conduct Authority, European Central Bank, Bank of England, International Swaps and Derivatives Association, Basel Committee on Banking Supervision, Dodd–Frank Wall Street Reform and Consumer Protection Act, Sarbanes–Oxley Act, European Market Infrastructure Regulation, and cross-border insolvency instruments such as the UNCITRAL Model Law on Cross-Border Insolvency and protocols used in complex restructurings. Legal risk management includes coordination with bankruptcy courts like the United States Bankruptcy Court for the Southern District of New York and international courts, engagement with regulators during DIP financing and creditor negotiations, and compliance with securities laws enforced by the U.S. Securities and Exchange Commission and equivalents abroad.

Category:Financial services companies