Senior Managing Director & Shareholder
Years with Phoenix: 17
Years of Transaction Experience: 18
Office location: Philadelphia, PA
Michael Jacoby is a Managing Director and Shareholder at Phoenix, and is a skilled financial executive with extensive operating, turnaround and commercial banking experience. Mr. Jacoby has served in advisory capacities as well as interim management positions for more than 130 Phoenix clients in a variety of industries. Mr. Jacoby has also been instrumental in assisting numerous clients with their financing and divestiture needs.
Specific areas of expertise for Mr. Jacoby include: crisis management; business strategy; cash flow management, control and forecasting; workflow and project management; business wind downs; customer service improvement; inventory management; business and collateral valuations; and sales/marketing reinvigoration. Mr. Jacoby has extensive experience in family-held, venture-backed, and publicly traded companies. As the head of Phoenix Governmental Services division, he successfully brought the discipline of private sector practices to dozens of governmental and quasi-governmental entities.
Phoenix Capital Resources Experience
- Refinancing
- Expansion/Growth Financing
- Management of §363 Sales Process
- Divestitures
- Balance Sheet Restructurings
Selected Capital Advisory Transactions
Served as financial advisor and managed the §363 sales process for a clinical phase pharmaceutical company that resulted in a final sale -- seven weeks after filing for bankruptcy -- that was 3x the original stalking horse bid
As interim CFO, Jacoby raised $13 million of convertible debt, a $7.5 million line of credit facility from a commercial bank, and more than $14 million of new equity for its e-commerce client
As interim CFO of an early stage technology company, Jacoby completed a recapitalization, spun off certain technology into a separate corporation that raised $12 million of new capital, sold off the remaining operating assets to a publicly traded company, and wound down the business outside of bankruptcy
As interim CEO of a health care company, Jacoby structured, negotiated and closed the sale of assets in more than a dozen transactions under §363 of the Bankruptcy Code
Advised developers of web-based video scan technology on the sale of the majority of its operating assets to a publicly traded company
Raised $6.5 million of debt for an apparel company
Industry Experience
- Apparel
- Automotive
- Computer Integrators
- Consumer Products
- Contractors
- Convenience Stores
- E-commerce
- Electrical Products
- Food and Beverage
- General Bldg. Construction
- Health Clubs
- Information Technology
- Machinery
- Marketing and Incentives
- Measurement and Instrumentation
- Medical Products
- Metal Products
- Oil and Petroleum Products
- Paper Products
- Personal Care Products
- Pharmaceuticals
- Printing
- Private Equity Fund
- Retailing
- Technology
- Utility
Prior Experience
Before joining Phoenix in 1992, Mr. Jacoby worked for PNC Bank in Philadelphia where he managed a $500 million commercial loan portfolio. He was recruited by senior management to spearhead a newly created unit responsible for restructuring complex transactions with substandard risk classifications.
Education/Affiliations
Mr. Jacoby earned a B.S. in Economics from The Wharton School of Finance and a B.A. from the University of Pennsylvania. He earned his M.B.A. in Finance from Temple University. Mr. Jacoby holds the Certified Turnaround Professional (CTP) designation from the Turnaround Management Association, the Certified Cash Manager (CCM) designation from the Association for Financial Professionals and the Certified Management Consultant (CMC) designation from the Institute of Management Consultants.
Contact
(610) 358-4700 phone
(610) 358-9377 fax
(610) 888-9704 cell