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Loughlin Meghji Adds Distressed Pros

A team of bankers from JPMorgan has moved to Loughlin Meghji + Co. as the New York-based distressed situations consultant launches its corporate finance group.


A team of bankers from JPMorgan has moved to Loughlin Meghji + Co. as the New York-based distressed situations consultant launches its corporate finance group.

The new hires, Charles Smith, Adam Sell and Sameer Khambadkone, previously of JPMorgan's leveraged finance group, are to advise on capital structure, debt facility amendments and restructurings, and capital raises.

The team looks to address the financing difficulties that have crippled business expansion. Loughlin Meghji said the team has worked work mostly with companies that have strong operating experience.

In their previous positions at JPMorgan, the banking team arranged private equity LBOs.

Smith, previously a JPMorgan managing director, worked on leveraged loans and high-yield transactions, and originated financing for consumer, food and retail clients. Previously, Smith also worked on mid-sized LBOs, particularly leveraged loan, mezzanine, preferred equity and private equity transactions.

Sell, previously a JPMorgan executive director, also advised on LBO transactions, though Loughlin Meghji noted that recently he has focused on debt products at the investment bank.

Khambadkone, previously an executive director at JPMorgan, worked mostly with the firm's private equity clients and portfolio companies. He advised on debt, equity and M&A transactions.

James J. Loughlin Jr., founding principal of Loughlin Meghji, said the firm is "seeing a tremendous increase in distressed situations directly resulting from the abundance of loose credit available during the credit bubble." The new hires will work with the firm to "be prepared to meet this heightened demand," he said.

Earlier, the firm also added Richard C. Janda as it created the role of research director. Previously, Janda was research director with XRoads Solutions Group. Loughlin Meghji also brought on, in August, David Rentschler, who joined from Huff Companies, where he was interim CEO of a portfolio company and partner and director in the Huff Alternative Fund, which concentrated on private equity

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