Yoon Song

Yoon Song
Senior Managing Director

Turnaround & Restructuring; Capital Structure Strategic Alternatives; Valuations; Asia

Yoon Song is a Senior Managing Director at Ankura Capital Advisors, based in New York. Over his more than 15 years in investment banking, financial advisory, and consulting, Yoon has advised companies, creditors, investors, and other stakeholders on maximizing value in restructurings, mergers, acquisitions, and financing transactions. His expertise encompasses reorganizations and bankruptcies, complex capital structures, capital adequacy, corporate finance, valuations, strategic alternative assessments, financial modeling, cash flow and liquidity analyses, and business due diligence.

  • Experience

    Prior to joining Ankura, Yoon was a director at Miller Buckfire & Co, a boutique investment bank. He previously served as a managing director at FTI Consulting and an executive vice president at Align Capital LLC, a boutique investment management firm. Yoon began his career as a financial analyst at Houlihan Lokey, where he eventually rose to the position of senior vice president of the firm’s financial restructuring group.

    Yoon’s experience is in five key areas: assessing corporate strategic alternatives; structuring and negotiating transactions, including debt, equity, and rights offerings, mergers, acquisitions, and plans of reorganizations; managing those transaction processes, including distressed/special situation and 363 bankruptcy sales; preparing and analyzing business plans, financial projections, and valuation analyses; and providing fairness and solvency opinions in mergers, acquisitions, and financing transactions.

    Yoon’s professional experience includes:

    • Financial Advisor Publicly-Traded, Tier 1, Global Automotive Supplier Based in Korea: Built a bottoms-up, long-term, consolidating financial projection model; performed valuation analyses of key business units and the consolidated entity; and provided an assessment of the company’s strategic alternatives and recommendations.
    • Financial Advisor, Samsung Heavy Industries: Advised on maximizing recovery in the company’s $813 million pre-petition contract rejection claim during the structuring and negotiation of Seadrill Ltd.’s bankruptcy plan of reorganization.
    • Investment Banker, Rand Logistics Corporation: Restructured $244 million of aggregate indebtedness in the fastest prepackaged plan of reorganization in 2018.
    • Investment Banker, Aeropostale, Inc.: Advised the company in its Chapter 11 proceedings and the resulting sale of its retail and IP businesses.
    • Financial Advisor, Energy Industry Reorganization: Advised a group of LC lenders to Patriot Coal during its Chapter 11 reorganization proceedings in 2015.
    • Investment Banker, Intrawest Corporation: Worked on the successful out-of-court restructuring of $1.9 billion in debt.
    • Financial Advisor, Automotive Parts Industry: Advised the Term Loan A lenders in TI Automotive’s restructuring of approximately £849 million in debt.
    • Investment Banker, Buffets Holdings: Advised on and implemented the in-court restructuring of more than $930 million in debt.
    • Investment Banker, Dunavant Enterprises, Inc.: Guided the recapitalization of approximately $230 million in 15 secured and 12 unsecured, bilateral-demand credit lines from 15 different banks.
    • Financial Advisor and Investment Banker, Engineering Services Reorganization: Worked for the official committee of equity holders in the Chapter 11 reorganization of Global Power Equipment Group, Inc., now known as Williams Industrial Services Group. Yoon successfully organized a group of equity holders and petitioned the court for standing, then structured and negotiated a fully backstopped equity-rights offering that sponsored the company’s emergence from bankruptcy.
    • Investment Banker, OSG Pharmaceutical: Represented the drug manufacturer and packaging provider in its sale to AFI Partners, a private equity group.
    • Financial Advisor, Winn Dixie Reorganization: Worked with the official committee of unsecured creditors in the grocery chain’s Chapter 11 reorganization, successfully reorganizing approximately $986 million in secured and unsecured debt.
    • Investment Banker, Albertson’s Inc.: Provided a fairness opinion to the board of directors in connection with the sale/merger of the grocery store chain to a group led by Cerberus and Supervalu.
    • Investment Banker, Ion Media (formerly known as Paxson Communications Corp.): Provided a solvency opinion to the board of directors in connection with the restructuring of the company’s series B preferred stock held by NBC Universal.
    • Investment Banker, AFC Enterprises, Inc.: Provided a solvency opinion to the board of directors in connection with a special one-time common-stock dividend and concurrent leverage recapitalization.
    • Investment Banker, NII Holdings (formerly Nextel International): Advised the company on its pre-arranged chapter 11 plan of reorganization, restructuring approximately $2.8 billion in debt.