Abramowitz's practice focuses on restructuring, bankruptcy and transactions
involving leveraged or financially distressed companies. He draws from his more
than 25 years of experience to help businesses, creditors, investors and other
clients navigate the opportunities and risks of pursuing acquisitions, divestitures,
financings and other deals with companies that have either entered formal bankruptcy
proceedings or face other challenging circumstances.
works with clients from a variety of industries, including financial services,
transportation, restaurants, and energy. In one major case, Steven helped two investment funds purchase the
troubled casual dining chain Cosi, which had lost its leadership during the
bankruptcy process. Steven obtained court permission for his clients to operate
the chain while the deal was still pending, ensuring the chain could stay in
business during the acquisition. In another milestone case, Steven was part of
the V&E team advising private equity sponsor Riverstone on the
restructuring of its portfolio company, Fieldwood Energy, helping Riverstone invest
substantial new capital on a transformative transaction while avoiding
litigation claims from creditors.
also represents both troubled and financially healthy companies in reorganizations, divestitures, and
restructurings, as well as in complex secured loan facilities, Rule 144A debt
offerings, private placements, and other financings. In addition, he advises
parent companies and private equity funds in connection with liability
management and ring fencing of troubled portfolio companies and investments.