PwC adds new partner to US Restructuring and Recovery Services practice
Daniel Williams brings over 25 years of experience to PwC's restructuring business

Fuente:   Fecha: 29.07.2009

PwC adds new partner to US Restructuring and Recovery Services practice

PricewaterhouseCoopers LLP (PwC) has announced that Daniel Williams has joined the firm's US 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 US 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."