NEW YORK, Nov. 10, 2015 /PRNewswire/ -- Peter Kaufman and Henry Owsley, President and CEO, respectively of New York based investment bank Gordian Group have completed the second edition of their definitive book, Distressed Investment Banking: To the Abyss and Back (Beard Books).
This classic book is an authoritative source about the restructuring of troubled companies. It provides an insider's view on the methods and complexities of this highly specialized area of investment banking. Owsley and Kaufman are widely acknowledged leaders in this field and are the senior partners at Gordian Group, a top-tier boutique investment banking firm headquartered in New York.
Distressed Investment Banking: To the Abyss & Back – 2nd Edition is available for purchase at Beard Books: https://ecommerce.beard.com/beardbooks/distressed_investment_banking_second_edition.html
or (888) 563-4573 or on Amazon.
The just released 2nd Edition provides new insights and updates primarily related to Option Valuation and Game Theory. According to co-author Henry Owsley, "In this new edition, we use Option Valuation to tackle the dilemma of whether it makes sense to repurchase debt; we think some readers may find it surprising that such a repurchase program actually disadvantages old equity. Through the application of Game Theory, we also provide a lens into how disputes with junior constituencies (valuation fights for example) should settle, and to predict when they may not be resolved consensually."
Peter Kaufman adds, "Henry and I, and our firm, have worked hard to develop an investment banking practice that provides unconflicted and creative advice to boards of directors on how to resolve financial and capital structure challenges to the benefit of old equity. Since the original publication of this book, we have honed our game and our tool-kit, and we are excited to publish this update to the classic book in our field."
About Gordian Group
Founded in 1988, Gordian Group is an investment bank providing advisory services with respect to financial restructurings, complex, "story" and/or distressed M&A and capital raises, both in and out of bankruptcy, as well as structured finance remediation, opinions and expert witness and litigation support services.
Gordian Group is continually recognized as a national leader in solving complex issues and has completed over 275 engagements on behalf of companies, boards of directors, and shareholders (including entrepreneurs and private equity firms), as well as a decades long history advising banking and insurance institutions and regulators, state governments and federal agencies.
Peter Kaufman and Henry Owsley are co-authors of the definitive works in the field, Distressed Investment Banking: To the Abyss and Back (1st & 2nd edition), (Beard Books, 2005 & 2015), and Equity Holders Under Siege: Strategies and Tactics for Distressed Businesses, (Beard Books, 2014); all books are "must-read" for boards of directors, management teams and shareholders and/or owners of financially stressed situations, as well as for buyers and professionals.
For more information, visit www.gordiangroup.com.
SOURCE Gordian Group