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Experts & Advisors

Mark Smith

Managing Director

Photograph of Mark  Smith

55 Bishopsgate, 2nd Floor
London, England EC2N 3AS

+44.207.496.1111 Main
+44.7850.526.410 Mobile

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Mark Smith is a Managing Director at Ankura and is based in London.

Experience

Mark has over 16 years of refinancing and restructuring experience, working with clients globally across a range of industries including shipping, oil & gas, mining, retail, steel, construction, and manufacturing.

Mark specialises in advising lenders and borrowers in stressed and distressed situations across multiple jurisdictions. His primary areas of focus and expertise are business plan reviews, short-term cash flow reviews, appraisals of lender options, contingency planning, and negotiating restructuring proposals, often with diverse and complex stakeholder groups.

Mark’s notable assignments include:

  • Advising the lenders to a UK logistics and distribution company through an accelerated M&A process to recapitalise the group and support liquidity.
  • Advising the lenders of a UK high-street retail chain through a debt restructure to provide sufficient liquidity to implement the long-term turnaround and repositions of the brand.
  • Supporting a UK based global helicopter business through a Chapter 11 reorganisation.
  • Advising the lenders of a stressed upstream oil & gas group to develop and implement a proposal to allow for an exit of their exposure at par.
  • Advising an international group of lenders to a German food manufacturer to assess support options and develop a plan to implement a turnaround utilising local restructuring tools and financial support.
  • Advising a UK private medical provider to reschedule loan facilities.
  • Advising the pension creditors of a distressed listed UK contracting group.
  • Assisting the lenders of a distressed UK restaurant chain through a debt-for-equity rescue.
  • Advising the senior lenders of a Norwegian offshore business on debt restructuring options and organisational changes to improve the lenders recovery whilst supporting the business through the downturn.
  • Assisting a stressed UK business to renew its £80 million RCF facility with its existing lenders.
  • Development of a de-leveraging package for a large European steel business to accompany a refinancing and operational turnaround.
  • Contingency planning for a large European steel manufacturer to support an emergency funding proposal and liability reduction arrangement with creditors.
  • Advising the lenders of a European M&E contractor to assess the need for emergency funding and manage the accelerated M&A.
  • Advising the mezzanine lenders of a Dutch retailer on a debt-for-equity conversion.
  • Assisting a retailer to manage liquidity and develop a supply chain solution following a reduction in credit insurance.

In addition to experience as an advisor, Mark spent 15 months on secondment with a global financial services firm in both the Special Situations (Loan Management) team and the Leverage Finance team. Mark was primarily responsible for a portfolio of distressed and challenged relationships, which included developing and implementing a de-leveraging programme, the sale of a business following a debt-for-equity restructuring and a partial sub-ordination of debt to allow for new facilities to be provided in order to support a successful turnaround.

Education
  • ACA, Institute of Chartered Accountants of England and Wales
  • Meng, Imperial College London, Mechanical Engineering
Certifications
  • Fellow of the Institute of Chartered Accountants of England and Wales (FCA)

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We solve problems by operating as one firm to deliver for our clients. Where others advise, we solve. Where others consult, we partner.

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