Nick Cherry is a Director at GlassRatner. He has more than 13 years of financial advisory experience spanning restructuring and turnaround, mergers and acquisitions, and valuation. Prior to joining GlassRatner, Nick spent over nine years with Alvarez & Marsal’s North American Commercial Restructuring practice, working on complex Chapter 11 cases, out-of-court restructurings, and operational turnarounds.
Nick’s restructuring experience covers the full reorganization lifecycle, including the evaluation of strategic alternatives, liquidity and cash management, plan of reorganization development, and Section 363 and other distressed asset sales. He has advised companies through in-court and out-of-court restructurings and has supported creditor groups on ad hoc lender engagements.
Nick began his career with Duff & Phelps in San Francisco, providing valuation services to clients in the technology and metals and mining sectors before moving to the firm’s M&A practice, where he focused on sell-side mandates for middle-market industrials clients.
Nick earned a bachelor’s degree in business administration from The Ohio State University. He is a member of the Association of Insolvency and Restructuring Advisors (AIRA) and the Turnaround Management Association (TMA).
- Financial Restructuring
- Turnaround & Interim Management
- Real Estate Restructuring
- Business Valuation
- Debt Financing
- Mergers & Acquisitions
- FTX Trading Ltd. – Financial advisor to the Debtor in its Chapter 11 proceedings, leading workstreams related to the FTX Ventures portfolio of over 600 positions, in connection with the estate’s approximately $16 billion asset recovery and distribution effort.
- JOANN Inc. – Financial advisor to the Debtor in connection with its Chapter 11 restructuring, including out-of-court contingency planning, DIP financing, and operational stabilization workstreams.
- Loyalty Ventures Inc. – Financial advisor to the Debtor in connection with parallel Chapter 11 proceedings in the US and CCAA proceedings in Canada, supporting cross-border coordination, stakeholder negotiations, and sale of the Canadian operating business.
- Katerra Inc. – Financial advisor to the Debtor in connection with its Chapter 11 proceedings and operational wind-down.
- California Pizza Kitchen, Inc. – Financial advisor to the Debtor in its Chapter 11 proceedings, engaged amid a pandemic-driven sales decline of more than 90 percent. Led workstreams covering liquidity management, design of an off-premise-only operating model, and a nationwide store rationalization and lease restructuring. The engagement delivered a fully consensual restructuring that reduced funded debt by more than $220 million and secured $177 million in post-emergence financing.
- Forever 21, Inc. – Financial advisor to the Debtor in connection with its Chapter 11 proceedings.
- Toys “R” Us, Inc. – Financial advisor to the Debtor in its Chapter 11 proceedings, supporting workstreams related to the evaluation of the Company’s real estate portfolio and, following the wind-down of US operations, the disposition of owned real estate and PP&E.
- North American facility services platform (out-of-court) – Financial advisor to a North American facility services platform on a $1.5 billion out-of-court balance-sheet restructuring, which reduced funded debt by approximately $750 million and resulted in new equity commitments from institutional investors.
- K-12 food distribution platform (out-of-court) – Financial advisor to a K-12 food distribution platform on an operational turnaround, supporting the build-out of finance and planning infrastructure, liquidity and ABL forecasting, and a SKU-level contract pricing framework in connection with a material EBITDA improvement.
- FINRA Series 63 License
- FINRA Series 79 License
- Association of Insolvency & Restructuring Advisors
- Turnaround Management Association