Henry Furlow Owsley III

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Henry Furlow Owsley III
Henryfowsley.jpg
NationalityAmerican
Alma mater Metairie Park Country Day School
Princeton University
MIT Sloan School of Management
Occupation(s) Investment banker; Investor
Chief Executive Officer and founder at Gordian Group
SpouseAlexa "Lexi" Van de Walle
ChildrenCordell D. Owsley and Camille C. Owsley

Henry F. Owsley is an American investment banker and the chief executive officer and founder of Gordian Group LLC, an investment bank and financial advisory firm. He is also a managing partner of Bacchus Capital Management.

Contents

Early life and education

Owsley graduated from Metairie Park Country Day School in Metairie, Louisiana, in 1973. He attended Princeton University in Princeton, New Jersey, where he graduated with a B.S.E. degree in civil engineering, summa cum laude, in 1977. [1] His additional academic honors included election to and membership in Phi Beta Kappa, Tau Beta Pi and Sigma Xi. He was also awarded the James Hayes-Edgar Palmer Prize in Engineering and Applied Science. His activities at Princeton included his service as chairman of photography at The Daily Princetonian . He is a member of Tiger Inn, the third-oldest eating club at Princeton University. He subsequently attended MIT Sloan School of Management and graduated with an S.M. degree in 1979.

Career

Owsley joined Goldman Sachs in 1979 and worked in the Corporate Finance and Mergers & Acquisitions departments. He founded Goldman Sachs' workout group and was co-founder of its technology group. After leaving Goldman Sachs, he founded Gordian Group, LLC in 1988, a boutique investment bank in New York specializing in solving complex problems in bankruptcy and restructuring. Owsley is the Chief Executive Officer of Gordian Group.

In 2007, Henry Owsley, Peter S. Kaufman, and Sam Bronfman co-founded Bacchus Capital Management, a private equity fund that invests in wineries.

Owsley is a frequent commentator in the media on distressed investment banking, conflicts of interest, and the economy. Owsley has been interviewed and quoted by general and business media outlets including ABC News, [2] Bloomberg Businessweek, [3] trade press Investment Dealers' Digest, [4] Fox Business, [5] The New York Times, [6] [7] Reuters, [8] The Bankruptcy Strategist [9] and TheStreet.com. [10]

In 2015, Owsley and his partner Peter S. Kaufman updated the volume that they co-wrote in 2005, Distressed Investment Banking: To The Abyss and Back, publishing with Beard Books both times. [11] The book was received favorably, with Barry Ridings of Lazard writing, "Distressed Investment Banking is a book every distressed market professional will want in their bookcase." [12] In 2014, Owsley and Kaufman wrote Equity Holders Under Siege: Strategies and Tactics for Distressed Businesses, again with Beard Books, intended for all boards of directors, management teams and shareholders and owners of financially stressed situations, with advice for buyers and professionals as well.

Owsley is consistently ranked in the top ten investment banker rankings, including number four ranking in The Deal Bankruptcy League Tables for 2012. [13] His firm, Gordian Group, has been honored with industry awards including being named one of the Outstanding Investment Banking Firms of 2014 by Turnarounds & Workouts. [14] In January 2014, the industry organization M&A Advisor announced that Gordian won their "Boutique Investment Bank of the Year" award for the third time. It also formally applauded Gordian for their restructurings of Jobson Medical Holdings (Professional Services category) and Elyria Foundry (Industrial, Manufacturing & Distribution category). [15] [16]

His assignments have included advising the Transport Workers Union of America in the American Airlines bankruptcy; [17] the Bakery, Confectionery, Tobacco Workers and Grain Millers' International Union in connection with the Hostess Brands bankruptcy; [18] Ben & Jerry's; a bank defendant in the Enron litigation; Smithfield Foods in connection with the purchase of assets from Farmland Industries; the Federal Communications Commission in connection with the bankruptcies of Pocket Communications and Next Wave; the litigation trust associated with the Heilig-Meyers bankruptcy; the debtor in Integrated Electrical Services; a major creditor in the LTV Steel bankruptcy; the trustee in the Bernard Madoff matter; the Office of Thrift Supervision with respect to the restructurings of Cal Fed and GLENFED; the debtor in Spansion; Tracor in connection with its bankruptcy and subsequent transactions; the Board of Directors in United Rentals; a special committee of the Board of Directors in WestPoint Home; a special committee of the Board of Directors in XO Communications; the State of Vermont in connection with the restructuring of its electric utility industry; and a creditor group in Zale.

Publications

Related Research Articles

Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.

Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations.

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<span class="mw-page-title-main">Houlihan Lokey</span> American investment bank and financial services company

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<span class="mw-page-title-main">Paulson & Co.</span> American investment management firm

Paulson & Co. Inc. is an American investment management firm, established by its president and portfolio manager, John Paulson in 1994. Specializing in "global merger, event arbitrage and credit strategies", the firm had a relatively low profile on Wall Street until its hugely successful bet against the subprime mortgage market in 2007.

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<span class="mw-page-title-main">Peter S. Kaufman</span>

Peter S. Kaufman is an American investment banker and private equity investor. He is the President and Head of Restructuring and Distressed M&A at Gordian Group LLC, an investment banking firm. He is also a Managing Partner of Bacchus Capital Management, a winery investment concern.

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References

  1. Princeton University, The Two Hundredth and Thirtieth Commencement, The Seventh of June, Nineteen Hundred and Seventy-Seven
  2. "Federal Reserve Pumps $600 Billion Into Economy". ABC News. November 5, 2010. Retrieved January 19, 2018.
  3. "TARP: The Sequel. Bloomberg Business week. January 15, 2009". Businessweek.com. Archived from the original on January 19, 2009. Retrieved January 19, 2018.
  4. 'Chapter 11 Specialists Turning the Page' Volume 76, Number 43, page 18. November 19, 2010. Print.
  5. "Stuyvesant Town auction may be a lonely event". FoxBusiness.com. September 30, 2010. Retrieved January 19, 2018.
  6. Nocera, Joe (January 23, 2009). "Talking Business - The First TARP Formula Had It Right - NYTimes.com". The New York Times. Retrieved January 19, 2018.
  7. Nocera, Joseph (September 24, 2005). "To Be Better, New Orleans, Think Smaller". The New York Times. Retrieved January 19, 2018 via NYTimes.com.
  8. "RPT-UPDATE 4-Tishman, BlackRock quit huge NYC housing complex". Reuters. January 25, 2010. Retrieved January 19, 2018.
  9. 'Paradigm Shift : Observations on the Current Bankruptcy Cycle' Volume 27, Number 2. December 2009. Print.
  10. Pershing Loses Stuyvesant Town Appeal. September 28, 2010. www.thestreet.com
  11. Co-author, Distressed Investment Banking: To the Abyss and Back, Beard Books LLC, 2005.
  12. Kaufman, Peter S. & Owsley, Henry F., Distressed Investment Banking: To the Abyss and Back, Washington, D.C., Beard Books, 2005.
  13. Bankruptcy League Tables - Top Investment Banks and Bankers, The Deal, August 30, 2012 Issue.
  14. Turnarounds & Workouts Special Report, Outstanding Investment Banks 2014, Beard Group, July/August 2014 Issue.
  15. Winners Announced for the 8th Annual M&A Advisor Turnaround Awards. Retrieved 1-28-2014.
  16. The M&A Advisor: The 8th Annual M&A Advisor Turnaround Awards Winners. Retrieved 1-28-2014.
  17. Transport Workers Union Retains Gordian Group. www.TWU.org, January 19, 2012 http://www.twu.org/blog/blogarchive/tabid/330/vw/1/itemid/163/transport-workers-union-retains-gordian-group.aspx Archived January 1, 2013, at the Wayback Machine
  18. "Hostess Bakers Union Hires Investment Bank Gordian in Asset Sale". Bloomberg. January 21, 2013. Retrieved January 19, 2018 via www.Bloomberg.com.