Daniel Williams has joined PricewaterhouseCoopers as a partner in the firm’s U.S. restructuring and recovery services practice. He is the former managing partner of Deloitte & Touche’s restructuring services group in New York.
PricewaterhouseCoopers LLP (PwC) today announced that Daniel Williams has joined the firm’s U.S. Restructuring and Recovery Services practice as a partner. PwC’s Restructuring and Recovery Services practice offers integrated financial and operational services to help clients find practical solutions to complex operating issues, develop strategies to improve profit and cash flow and maximize value for stakeholders. Williams brings over 25 years of restructuring and turnaround sector experience to the practice.
“In these challenging times, a growing number of businesses are going through restructuring and recapitalizations. Having successfully led restructurings of billions of dollars in debt and equity capital, Dan will be a valuable asset as we guide our clients through the turnaround process,” said Paul Ellis, partner in the Restructuring and Recovery Services practice.
Williams has advised companies in a variety of industries — including distribution, airline cargo, mining, drug store retail, and food — through the restructuring process. His services have been retained by secured lenders and credit constituents to help guide their portfolio companies to develop strategic and restructuring alternatives. He has led a number of restructuring, corporate finance, bankruptcy and turnaround engagements, and developed the prototype to the Andersen Distressed Company Consulting Guide. Williams has also served as a court-appointed trustee in Chapter 11 and Chapter 7 cases, as well as examiner, expert witness, and Section 702 expert (Judge’s expert) in bankruptcy court. He previously served as the office managing partner of a large regional accounting firm in the Phoenix metropolitan area, as U.S. Managing Partner of Deloitte & Touche’s Restructuring Services Group in New York, and he led Arthur Andersen’s Chicago restructuring practice which, at the time, was the largest restructuring practice in the Chicago marketplace.
“With the uptick in distressed activity, operating issues have grown more complex and urgent,” said Williams. “PwC is helping companies navigate through these tumultuous times by providing strategies to help improve clients’ performance and increase stakeholder value.”
About PricewaterhouseCoopers’ Restructuring and Recovery Services Practice
PwC’s Restructuring and Recovery Services professionals work with companies and their stakeholders prior to and during times of crisis to restore the performance and value of the business. PwC professionals help develop contingency and turnaround business plans and forecasts, advise on liquidity management and margin enhancement, and evaluate loan covenants and debt capacity. The practice also helps clients (companies, investor groups or individual creditors) during the bankruptcy restructuring process to maximize the value of their particular position. With early involvement, and a focus on the key operational and financial areas requiring restructuring, PwC can assist in navigating the challenges facing healthy and troubled companies and their investors.
The PricewaterhouseCoopers Transaction Services practice provides due diligence for M&A transactions, along with advice on M&A strategy and integration, divestitures and separation, valuations, accounting, financial reporting, and capital raising. With approximately 1,000 deal professionals in 16 cities in the U.S., and a global network of over 6,000 deal professionals in 90 countries, experienced teams are deployed with deep industry and local market knowledge, and technical experience tailored to each client’s situation. The Transaction Services team can be involved from strategy to integration and employ an integrated business approach to uncover the realities of a deal. The field-proven, globally consistent, controlled deal process helps clients minimize their risks, progress with the right deals, and capture value both at the deal table and after the deal closes. For more information, visit www.pwc.com/ustransactionservices.