OFSCap LLC has formed an energy restructuring team to focus exclusively on turnaround and restructuring of distressed energy companies, projects, or joint ventures.
OFSCap’s dedicated restructuring team will work with companies in all sectors and levels of sophistication of the energy industry, from small start-up businesses to large mid-cap companies. The team can manage the efforts of both private and public companies in sectors from natural gas centric E&P companies, dedicated joint-venture oil drilling programs, to distressed oil field service companies.
Target clients will range from private equity funds, public company boards to the distressed company itself. The restructuring team will work with stakeholders to determine any number of possibilities which could include out-of-court consensual debt and equity restructuring, exchange offers and distressed M&A transactions, or formal in-court insolvency proceedings, including all US Chapter 11 and 7 proceedings as well as administration, receivership, voluntary arrangement, liquidation and bankruptcy.
The team will be led by experienced oil and gas turnaround executives Fred Zeidman and Jeffrey Freedman. Zeidman’s energy restructuring activities have included serving as the Chairman of the Board and CEO of Seitel Inc. during its successful restructuring, chairman of the board of SulphCo Inc. and PetroFlow Energy, interim president and board member of Nova Bio Fuels Inc., Chief Restructuring Officer of Transmeridian Exploration Inc. and chairman of board and CEO of Unibar Corp. Freedman has been involved with a number of private E&P and service company workouts and appointed CEO of Gravis Oil Corp., a public Canadian company, during its restructuring period.
OFSCap is a boutique investment and merchant-banking firm servicing the energy sector in the Americas and beyond. OFS is co-headquartered in Houston and Rio de Janeiro, with offices in Berlin, Bogota, Buenos Aires, Calgary, Dubai, Hong Kong/Shenzhen, London, Mexico City, New York City, Oslo, Panama City, and Washington, D.C.