Blake Holzgrafe

Prior to joining Ankura, Blake was a consultant at a global consulting firm, advising clients on the financial and economic implications of business decision-making. Blake consulted for clients involved in bankruptcy, breach of contract, fraudulent transfer, and patent infringement disputes. 

Blake’s professional experience includes:

• Advised two ad hoc groups of secured noteholders in the CarbonLITE Chapter 11 bankruptcy. Advised the ad hoc groups as the DIP lender and through the restructuring and 363 sale process. The noteholders received a par recovery in an auction process.
• Served as financial advisor to an ad hoc group of secured lenders in the Libbey, Inc. Chapter 11 bankruptcy. Advised the ad hoc group lenders through the reorganization of Libbey in which the lenders received 100% of the equity in the reorganized company. During the bankruptcy process the company reduced production capacity by closing a facility and successfully renegotiated their CBA.
• Served as financial advisor to an ad hoc group of secured noteholders to Associated Materials, Inc. and led the out-of-court restructuring of $1.3 billion in debt and preferred equity.
• Advised Emerge Energy Solutions in Chapter 11 bankruptcy. The company successfully reorganized over $330 million of debt and eliminated approximately $400 million of contingent liabilities.
• Provided interim office of the CFO services to a private equity-backed insurance carve-out while standing up the enterprise and secured capital raises totaling approximately $1.0 billion.
• Advised a government contractor in the healthcare industry through an out-of-court restructuring. The company successfully secured the consent of all secured lenders, mezzanine lenders, and equity to convert $400 million of debt into equity and $100 million of restructured debt, while the secured lenders provided new capital to support the liquidity needs of the business.