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ANNOUNCEMENTS
BBK is proud to announce
the following team additions:
Frank Bunte, Manager
Frankfurt
Walter Crate, Managing Director
New York
Vijay Erasala, Manager
Chicago
Robert Jennings, Associate
Detroit
Patti Mohr, Executive Assistant
Detroit
Michael Petrik, Senior Director
Frankfurt
Grace Zhu, Manager
Shanghai
BBK is proud to announce
the following promotions:
James Downes, Manager to Director
Marcus Hudson, Manager to Director
Josh Hunter, Analyst to Associate
Tim Monahan, Director to Senior Director
Bruno Ricciuti, Associate to Manager
Mark Ripple, Manager to Director
Tim Turek, Senior Director to
Managing Director
Andrew Zeleney, Associate to Manager
I N T H I S I S S U E
PAGE 1
Announcements
Manufacturing in Mexico
PAGE 2
Case Study: Winery Sale is a Go
Commercial Aircraft Industry
PAGE 3
European Automotive Manufacturing
PAGE 4
Mexico, continued
Industry Events
PAGE 5
Starting New in Music City USA
PE Powertrak
PAGE 6
European Manufacturing, continued
For more information on any of the
articles shown here, please contact
marketing@e-bbk.com
Manufacturing in Mexico:
Gearing up for Growth
by Richard Leal, Senior Director
BBK was recently retained by the
Official Committee of Unsecured
Creditors in the bankruptcies of 360
Global Wine Company and its whollyowned
subsidiary, 360 Viansa LLC.
Shortly before the Chapter 11 fi ling,
management had been replaced. An
onerous DIP loan facility was negotiated
with the senior secured lender after the
fi ling had already taken place.
BBK was charged with determining
whether the winery, on which capital
expenditures were being funded from
the DIP loan facility, could be turned
around. The capital expenditures had not
yet resulted in any material improvement
in operating performance. Management’s
plan was to rebuild and refi nance the
winery business for the ultimate benefi t
of all its creditors.
Time was of the essence as the Bankruptcy
Court had imposed a strict deadline on
the fi ling of a Plan of Reorganization.
In addition, funds to pay professionals
were seriously constrained.
BBK’s specialists in the wine industry
quickly determined that the debtor’s
fi nancial records could not be relied
upon as indicators of potential future
performance, that management’s
business plan was highly optimistic and
that management lacked the skills and
access to capital necessary to enhance
the enterprise’s value beyond the level of
the senior secured debt and the balance
outstanding on the DIP loan.
BBK urged the debtor to revise its
business plan and accelerate the sale
process that had recently been initiated
while at the same time negotiating for
some nominal recovery for the unsecured
creditors. The winery was sold to the
senior secured lender pursuant to a Plan
of Reorganization that also paid a large
convenience class of unsecured creditors
a 25 percent dividend.
C A S E S T U DY
There are 20 million acres of vineyards in the world
producing 62 million tons of grapes each year. About
8 billion gallons of wine are made from those grapes.
The biggest wine producers worldwide are France (19
percent), Italy (17 percent), Spain (13 percent), and
the United States (9 percent). California produces 90
percent of all the wine in the United States.
Microsoft® Encarta® Online Encyclopedia 2007
2
AEROSPACE
Commercial Aircraft Industry Continues Record Growth
Unlike the automotive industry, the
commercial aircraft industry is presently
operating at record levels. Sustained
growth in the civil aircraft market
boosted the aerospace industry in 2007,
taking total sales to yet another record
level. More aircraft were delivered in
2007 than in any of the previous 25 years,
even as the order backlogs for new
airplanes continued to grow.
In the business and general aviation
segment, the General Aviation
Manufacturers Association reported
industry record sales totaling $21.9B
and delivery of 4,272 new aircraft in 2007.
New business jet deliveries accounted
for more than 25 percent of the total,
a 28 percent increase over 2006.
In the air transport segment, Boeing
Commercial Aircraft reported record sales
of $33.3B and delivery of 441 new aircraft
in 2007. Airbus likewise, reported record
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