CoveView Advisors has launched as a special situations advisory firm. Its principals are former JPMorgan bankers Dan Tredwell (previously with Heartland Industrial Partners), Douglas Traver and Thomas Canning.
Three finance professionals and former J.P. Morgan bankers – Daniel P. Tredwell, Douglas V. Traver and Thomas M. Canning – announced that they have formed CoveView Advisors LLC, a new “special situations” advisory firm established to provide corporate finance and restructuring advice to companies dealing with operational and financial difficulties. CoveView also intends to advise creditor groups.
After taking over leadership of Heartland Industrial Partners, Dan Tredwell engineered the restructuring of Heartland’s portfolio companies. With 23 years of private equity and capital markets experience, he has executed over 30 acquisitions, divestitures, and recapitalizations and currently sits on the boards of four companies in three continents.
Doug Traver brings 27 years of experience with J.P. Morgan and its predecessor firms. Most recently, he was Co-Head of J.P. Morgan’s Syndicated and Leveraged Finance Group where he focused on originating, structuring and underwriting loans and high yield securities. Before that he was Co-Chairman of the Financial Sponsor Group, responsible for senior investment banking coverage of large and mid-size private equity firms.
Also a 27-year J.P. Morgan veteran, Tom Canning served as a Managing Director in the Restructuring Group and, before that, Co-Head of European Credit Risk Management and has extensive experience in capital markets transactions, including DIP financings, for stressed, distressed and Chapter 11 clients.
These three CoveView executives will apply their complementary skills in complex finance, private equity, principal investing and restructuring to advise CoveView’s clients and help them evaluate and optimize assets, access capital markets and navigate through all stages of restructuring if needed.
“It’s great to once again team up with Doug and Tom who each bring complementary and important skill sets to CoveView,” said Dan Tredwell. “The entire team we have put together have hard-won experience that enables us to expertly address the issues facing both public and private companies in this challenging environment. We have the unique ability to provide management expertise, strategic guidance, and capital markets and restructuring advice to help companies capitalize on evolving market dynamics and deliver greater returns to stakeholders.”
“We will deliver our broad experience in capital markets and our complex situation skill set to clients,” said Doug Traver. “We have a team of professionals that can understand a company’s situation from each stakeholder’s perspective and can tailor an appropriate solution.”
“We like to get involved early so that we can develop an out-of-court solution for a client,” added Tom Canning. “If bankruptcy is the only answer, we have vast experience in guiding clients through that process as well.”
CoveView Advisors LLC is headquartered in Stamford, CT. For additional information about CoveView and its team, please see www.coveviewadvisors.com.