Jeff Anapolsky, Finance Expert in Houston, TX, United States
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Jeff Anapolsky

Verified Expert  in Finance

Management Consulting Expert

Location
Houston, TX, United States
Toptal Member Since
December 11, 2017

Jeff is a seasoned professional who enjoys overcoming financial challenges during rapid change. He contributes over 20 years of elite training, clever insights, relevant experiences, and meaningful connections to help companies reach their highest potential. With a private equity background and Harvard MBA, Jeff partners with talented operators to attract institutional capital by delivering financial excellence in forecasting, reporting, transactions, FP&A, audits, taxes, and business planning.

Investment BankingTransaction AdvisoryBankruptcyRestructuring ConsultantExit StrategyFundraising ConsultantCash Flow ConsultantDue Diligence ConsultantCorporate Finance ConsultantInvestment AnalysisInvestment StrategyPitch Deck ConsultantPerformance ImprovementUnderwritingFinancial ForecastingInvestor PresentationCredit RiskSearch FundsInvestment Thesis ConsultingSpecial SituationsTransformationIPO ConsultingManagement ConsultingM&A

Career Highlights

Managing Director
Anapolsky Advisors, Inc.

Education Highlights

Juris Doctor
Harvard Law School
Master of Business Administration (MBA)
Harvard Business School
Bachelor's Degree
The Wharton School

Case Studies

Work Experience

Managing Director

2014 - PRESENT
Anapolsky Advisors, Inc.
  • Led a turnaround team for a services company to implement internal controls, upgrade QB to NetSuite, create a 13-week cash forecast, complete audits, taxes, monetize assets, stabilize liquidity, prepare investor presentations, and develop dashboards.
  • Raised debt financing for RTIC Coolers, a successful startup of roto-molded coolers amid trade dress and unfair competition litigation with a competitor. Created the financing presentation and managed initial due diligence for potential lenders.
  • Advised the lead bidder on purchasing a technology company. Prepared a financial model and investor presentation. Assisted due diligence, capital raising, and transaction negotiation.
  • Engaged as a financial advisor for multi-step refinancing of a rent-to-own leasing company. Drafted investor presentations, created financial models, negotiated with potential lenders, and assisted in reaching agreements with existing investors.
  • Led operational turnaround of a civil construction company serving municipalities. Monetized assets to address stretched payables. Created weekly cash budget to streamline operations. Exited unprofitable jobs. Negotiated with lenders and sureties.
  • Led the finance team for a healthcare company to overhaul roles/ responsibilities, automate payables, restructure payroll, renegotiate a loan, improve FP+A, revamp treasury, transition QB to Intacct, complete taxes, and streamline month-end close.
  • Consulted with a telecom company to raise equity capital from a family office to fund the buyout of an underperforming telecom services provider. Conducted due diligence. Assessed deferred capex for trucks, IT systems, and CRM applications.
  • Advised landlord of childcare centers in disputes with the operator. Made a financial model to analyze multiple scenarios on a site-by-site basis. Conducted due diligence. Developed a turnaround business plan. Led fundraising. Negotiated settlement.
  • Acted as a financial advisor for a multi-step refinancing of a construction bridge loan post the renovation of a 144-bed community hospital. Drafted investor presentations, created financial models, addressed regulatory issues, and negotiated deals.
  • Acted as the interim CEO for veterinary clinics, managed day-to-day operations, and led key negotiations with strategic alternatives and potential transactions. Drafted investor presentation and created financial model. Repositioned company for sale.
Focus areas: Financial Restructuring, Mergers & Acquisitions (M&A), Debtor & Creditor Management, Forecasting, Transaction Modeling, Valuation, Working Capital Management, Debt Workouts, Debt Restructuring, Bank Debt Raises, Private Equity, Investor Presentations, Value Investing, Cash Flow Modeling, Revenue & Expense Projections, Cost Reduction & Optimization, Credit/Debt, CFO, Bank Covenants, Capital Raising, Pitch Decks, Financial Advisory, Pro Forma Financial Statements, M&A (Buy-side), 13-week Cash Flow, Private Company Valuation, COO, Team Leadership, Team Management, Strategy, Business Transformation, Organizational Design, Communication

Adjunct Professor

2014 - 2020
Rice University: Jesse H. Jones Graduate School of Business
  • Authored a case study on American Airlines' bankruptcy and subsequent merger of USAirways and American Airlines for a corporate financial restructuring class.
  • Authored a case study on the bankruptcy of Radio Shack for the corporate financial restructuring class.
  • Authored a case study on the merger of Sabine Oil & Gas, a portfolio company of private equity firm First Reserve, and Forest Oil, and subsequent bankruptcy of Sabine Oil & Gas for a corporate financial restructuring class.
  • Gained access to a network of over 300 Rice MBA alumni across the energy industry.
Focus areas: Due Diligence, Bank Debt Raises, Debt Structuring, Valuation Analysis, DCF Valuation, Value Investing, Private Company Valuation, Comparable Company Analysis, Cash Flow Modeling, Cash Management, 13-week Cash Flow, Discounted Cash Flow (DCF), Working Capital Management, Liquidity Coverage Ratio (LCR), Asset Valuation, Term Loans, Lending, Credit Analysis, Credit/Debt, Debtor & Creditor Management, Debt Restructuring, Debt Workouts, Bank Covenants, Mergers & Acquisitions (M&A), Financial Restructuring, Communication

Distressed Credit Analyst, High Yield and Leveraged Loans

2010 - 2014
T. Rowe Price Associates, Inc.
  • Evaluated cost savings, forecasts, and synergies for American Airlines. Recommended purchase of trade claims for superior risk/reward over AMR Corp. convertible bonds. Enhanced returns with inv. in AAMRQ stock and AMR Corp. DIP loans.
  • Analyzed sub-par debt of McClatchy, a regional newspaper publisher. Created a financial model to evaluate credit metrics and forecast under multiple scenarios. Conducted numerous management meetings to assess a debt reduction plan.
  • Analyzed make-whole provisions for above-par debt and distressed equity for American Capital. Recommended avoiding bonds but buying stock. After an out-of-court settlement, recommended selling the stock at a profit and buying bonds.
  • Evaluated the certificate of designation for illiquid preferred stock to recover par plus accrued dividends from Spanish Broadcasting, a Spanish-language radio and TV stations operator. Along with Lehman Brothers, led the settlement negotiations.
  • Analyzed corporate carve-out for Trader Corp, a company that produced used car publications in Canada and was pursuing print-to-digital transition. Conducted on-site due diligence to understand competitive dynamics and sales process.
  • Negotiated a favorable outcome for illiquid holdco discount notes in Ch. 11 of Reddy Ice. Organized an informal committee of noteholders to enhance negotiating leverage with the debtor and sponsor. Exited the holdco notes at profitable levels.
  • Evaluated the commitment of Sprint to financially support its affiliate Clearwire in its 4G wireless strategy as Clearwire's liquidity dwindled. Conducted on-site due diligence to determine the feasibility of a monthly financial forecast.
  • Determined that Radio Shack's asset value and liquidity would support its risky turnaround. Recommended writing short-dated credit default swaps to express the thesis that the company would not default on convertible bonds.
  • Researched commodity, regulatory, tax, competition, liquidity, and covenant issues for regulated and unregulated divisions of Energy Future Holdings, a regional power provider. Recommended writing short-dated TCEH credit default swaps.
  • Advised the creditors’ committee to challenge the 363 sale of manufactured homes operator Palm Harbor Homes to competitor Fleetwood Homes. Attracted additional bidders at auction and sold the company to a stalking horse bidder for a higher price.
Focus areas: High-yield Accounts, Term Loans, Bonds, Bond Indices, Debt Workouts, Debt Restructuring, Debt Structuring, Debtor & Creditor Management, Debt Raises, Senior Secured Debt, Subordinated Debt, Convertible Debt, Financial Modeling, Investment Thesis, Investment Monitoring, Credit Investing, Value Investing, Investment Summaries, Credit Risk, Credit/Debt, Financial Risk Assessment, Credit Analysis, M&A Modeling, Cash Flow Modeling, Valuation Modeling, Valuation, Asset Valuation, Recapitalization, Return Analysis, Financial Restructuring, M&A Earn-out Agreements, Rollups, Credit Underwriting, Communication

Vice President, Special Situations Group

2006 - 2010
American Capital, Ltd.
  • Served as an investment professional for buyouts and financings of the distressed middle-market companies for a private equity firm with $12 billion under management.
  • Managed teams of associates, attorneys, accountants, and other professionals to close 11 buyouts and financings.
  • Led the deal team for senior loans to bankrupt art gallery Berry-Hill Galleries in Upper Manhattan. Managed multi-party negotiations for a reorganization plan, resulting in over 100% recoveries to creditors and the family retaining full ownership.
  • Provided senior secured rescue financing for troubled asphalt refinery Trigeant following negative development in litigation. After subsequent default, initiated foreclosure proceedings and sold debt at par plus accrued to the equity holder.
  • Led refinancing, recruitment, systems upgrade, and operational improvements while on the board of directors for Pan Am Int'l Flight Academy. Expanded market share and increased margins through the acquisition of a competitor. Sold to ANA Holdings.
  • Led the deal team for a buyout of three manufacturers of precision-machined aerospace engine components exceeding $150 million. Consolidated underperforming businesses into an industry leader. Sold to a portfolio company of The Carlyle Group.
  • Led a $40 million bargain purchase of New England Confectionary Company, a 160-year old producer of sugar and chocolate products. Managed due diligence, financial modeling, and transition. Served on the board of directors to set long-term strategy.
  • Served on the board of directors for an underperforming custom wood doors manufacturer and distributor. Improved on-time delivery and profitability after upgrading management and investing in equipment. Sold to Masonite International Corp.
Focus areas: Pro Forma Financial Statements, 13-week Cash Flow, Asset-based Lending, Revenue & Expense Projections, Capital Expenditure Planning, Cost Reduction & Optimization, Cost-benefit Analysis, Investment Portfolio Management, Cash Flow Forecasting, Due Diligence, Credit Underwriting, Debt Raises, Rollups, Valuation Analysis, Expense Reduction, Financial Restructuring, Market Research, M&A Earn-out Agreements, Credit Investing, Investment Memoranda, Investment Thesis, Discounted Cash Flow (DCF), Valuation, Bank Covenants, Transaction Structuring, Credit Risk, Transaction Modeling, Leveraged Buyout Modeling, Financial Modeling, Cash Flow Modeling, M&A Modeling, Term Loans, Recapitalization, Budgeting, Working Capital Management, Acquisitions, Accounting, Junior Capital, Capital Structuring, Pricing Strategy, Credit/Debt, Private Equity Valuation, Senior Secured Debt, Bank Debt Raises, Debt Structuring, Debt Workouts, Growth Equity, Private Equity, Equity Financing, Convertible Debt, Subordinated Debt, Debtor & Creditor Management, Debt Restructuring, Corporate Finance, Mergers & Acquisitions (M&A), Team Management, Communication

Corporate Attorney, Financial Restructuring Group

2002 - 2006
Akin Gump Strauss Hauer & Feld LLP
  • Specialized in corporate reorganization, including complex Chapter 11 cases and out-of-court workouts, for a leading international law firm. Advised clients on matters involving a mix of contract negotiations and litigation tactics.
  • Represented clients in adversary proceedings to recover payments after the Seventh Circuit Court of Appeals reversed the Bankruptcy Court’s approval of a critical vendor motion allowing Kmart to pay 2,330 trade creditors in full.
  • Represented Dynegy in a $100+ million dispute involving thousands of energy swaps and forward agreements governed by a controversial master netting agreement. Led a key portion of the mediation that resulted in a settlement.
  • Advised a debtor in an out-of-court workout of Grant Geophysical, a leading provider of seismic acquisition services to the oil and gas industry inland and transition zone environments. Subsequently acquired by Geokinetics.
  • Represented Farmland Industries' creditors' committee in a five-way breakup, resulting in 90% recoveries to unsecured creditors. Successfully opposed the vendor's attempt to make an unsecured claim an administrative expense.
  • Collaborated with the core team of attorneys and investment bankers opposed to Exide Technologies' reorganization plan with a billion dollars at stake. Critiqued the debtor's valuation and supported the creditors' committee's valuation.
  • Advised the official committee of unsecured creditors for Oakwood Homes, a bankrupt manufactured homes operator seeking to sell to Clayton Homes, a portfolio company of Berkshire Hathaway.
  • Represented secured noteholders for Weirton Steel opposing a takeover attempt by WL Ross. Researched case law on credit bidding, free and clear title, valuation, and stalking horses. Drafted pleadings. Favorably settled the dispute on appeal.
  • Litigated, mediated, and settled numerous bankruptcy claims for Allegiance Telecom Liquidating Trust. Evaluated security interests, subordination issues, executory contracts, leases, letters of credit, and employment agreements.
Focus areas: Rollups, Financial Restructuring, Mergers & Acquisitions (M&A), Financial Risk Assessment, Working Capital Management, Credit Analysis, Credit/Debt, Credit Risk, Credit Investing, Investment Memoranda, Investment Summaries, Investment Briefs, Investment Thesis, Private Equity, Derivatives, Equity, Equity Capital, Equity Valuation, Equity Financing, Convertible Debt, Debt Raises, Bank Debt Raises, Senior Secured Debt, Subordinated Debt, Debtor & Creditor Management, Debt Structuring, Debt Workouts, Recapitalization, Debt Restructuring, Bank Covenants, Communication
Image of Financial Distress in a Crisis: You Can’t Predict, You Can Prepare publication
Publication

Financial Distress in a Crisis: You Can’t Predict, You Can Prepare

https://www.toptal.com/finance/turnaround-consultants/financial-distress
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Publication

Chapter 11 Bankruptcy: What Is It and What Happens Next?

https://www.toptal.com/finance/bankruptcy/chapter-11-bankruptcy-what-is-it
Image of Distressed M&A: Assessing Opportunities for Bargain Purchases publication
Publication

Distressed M&A: Assessing Opportunities for Bargain Purchases

https://www.toptal.com/finance/mergers-and-acquisitions/distressed-m-and-a
1997 - 1999

Juris Doctor in Law

Harvard Law School - Cambridge, MA

1996 - 1999

Master of Business Administration (MBA) in General Management

Harvard Business School - Boston, MA, USA

1989 - 1993

Bachelor's Degree in Math

University of Pennsylvania - Philadelphia, PA

1989 - 1993

Bachelor's Degree in Finance

The Wharton School - Philadelphia, PA, USA

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