Larry G. Halperin

Larry Halperin is a partner in Chapman's Bankruptcy and Restructuring Group, and Co-Office Leader of the firm's New York office.

Larry focuses his practice on financial restructuring of distressed companies, high yield and distressed debt transactions, commercial lending transactions and mergers and acquisitions (M&A). He represents agents, private funds, investment banks, and financial institutions in connection with their investments in, and financing transactions to, mid-cap companies. He also represents special restructuring committees of boards of directors and independent directors of distressed companies in restructuring matters.

As part of his M&A practice, Larry counsels clients who desire to acquire portfolio companies in need of restructuring by acquiring such companies' distressed debt. He has advised lenders in connection with an orderly exercise of remedies to achieve a practical, business oriented restructuring solution for the company and the acquiring fund. He also advises clients participating in the global secondary market for troubled and non-performing loans and claims.

Larry speaks widely at industry conferences on distressed investing and restructuring topics, including the American Bankruptcy Institute (ABI) VALCON conference, American College of Investment Counsel (ACIC) conferences, and Turnaround Management Association (TMA) conferences and chapter programs. Larry teaches a corporate restructuring class as an adjunct professor at the Darden School of Business at the University of Virginia. Additionally, he is a popular restructuring class guest lecturer for undergraduate business and MBA students at Columbia University and the University of Michigan, as well as the University of Michigan Maize and Blue Fund and the University of Michigan Entrepreneur & Venture Club.

Larry has co-authored three case studies, one of which has been published, which have been presented in business schools and at industry conferences.

Larry is also a CPA.

Board / Independent Director Represenation

• Represented special committee of the board of directors of a healthcare and wellness company through a restructuring process
• Represented independent directors in an orderly out-of-court liquidation
• Represented independent director in connection with a strict foreclosure by senior secured lenders
• Represented the sole independent director of a larege conference center hotel

M&A Transactions

• Represented private investment firm in the acquisition of a supplier of high-precision metal components
• Represented private investment firm in the acquisition of a commercial vehicle suspension component supplier
• Represented a private fund in its acquisition in the secondary market of senior secured loans and executed strict foreclosure resulting in the client owning a portfolio company
• Represented private fund in the acquisition of a leading producer of fresh and processed pork and turkey products
• Represented private fund in its investment in a structural steel fabrication business
• Represented private fund in the acquisition of an international precision injection molding specialist business
• Represented private fund in the acquisition of a global manufacturer of complex assembled components and finished products servicing the datacenter, automotive, energy and industrial markets
• Represented private fund in connection with its investment in a company organized to purchase receivables of a state government
• Represented private fund in the acquisition of subordinated secured notes of aircraft holdings company
• Represented private funds in connection with its sale of a trailer company
• Represented mezzanine lender of its purchase of a securitized senior loan to a residential real estate complex

Restructuring / Distressed M&A

• Represented a lender in connection with its bridge loan to a coal company and the purchase of such company
• Represented private fund in connection with its bid in a 363 bankruptcy sale
• Represented agent of a four-member syndicate in a “loan to own” transaction of an integrated temperature controlled logistics services business
• Represented client in connection with its 363 stalking horse bids for critical care residential center
• Represented a lender in connection with a strict foreclosure of a pharma trials faciliator company
• Represented a lender in connection with a strict foreclosure of a pharma advertising company