Kevin A. Krakora

Office: Chicago
Tel: 312-283-8071
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Kevin A. Krakora is a managing director, based in Chicago with over 25 years of experience in corporate turnarounds, strategic consulting, financial and operational restructurings, and debtor bankruptcy situations. He has extensive experience advising both companies and senior lenders in complex debt restructurings, financings and workouts. He has led numerous §363 sales processes in Chapter 11 cases, as well as business and assets sales in out-of-court situations. Kevin specializes in advising and working with under-performing companies to develop and implement business transformation strategies, operational/financial improvements and turnaround plans. He has worked with financially distressed companies to address liquidity issues, improve working capital, develop cost containment programs, implement process improvements and improve profitability.

An advisor to boards of directors and executive management teams regarding strategic alternatives and performance improvement plans,  he assists in the development and implementation of business plans and financial forecasts, and has led negotiations with senior lenders, junior lenders, equity holders, and acquisition partners, as well as key customers, suppliers and vendors on behalf of his clients.

His industry experience includes aerospace/airline, automotive, consumer products, healthcare, manufacturing, oil and gas, printing and telecommunications, among others. Kevin has also advised numerous companies in confidential engagements involving refinancings and out-of-court debt restructurings, recapitalizations and divestitures. He has advised the Official Committee of Unsecured Creditors in several high profile bankruptcies, including AMR Corporation (American Airlines), North American Petroleum Corporation USA, Pappas Telecasting Companies and UAL Corporation (United Airlines).

Currently serving as Chairman of TMA Global, a global organization comprised of turnaround and corporate renewal professionals with more than 8,300 members in 55 chapters worldwide, Kevin is a frequent speaker on restructurings and distressed mergers and acquisitions. He received a BA in Economics from DePauw University, and an MBA from the University of Illinois.