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Michael E. Jacoby, CTP, CCM, CMC

Michael E. Jacoby, CTP, CCM, CMC

Senior Managing Director & Shareholder

Bio

Michael Jacoby is a Senior Managing Director at Phoenix Capital Resources®. He is a skilled financial executive with extensive investment banking, transactional, operating, turnaround, and commercial banking experience. Michael has served as investment banker, financial advisor, independent director and interim manager for more than 325 Phoenix clients in a variety of industries.

Mr. Jacoby provides hands-on transactional leadership for middle market companies within a multitude of industries including retail, transportation, financial services, technology, distribution, and manufacturing. During his career, he has sold dozens of companies, raised capital for acquisitions, expansions and turnarounds, structured and negotiated financing transactions, and managed due diligence. In addition, Mr. Jacoby has managed the divestitures of companies and successfully executed numerous transactions in bankruptcy.

As a Senior Managing Director for Phoenix Management Services®, Michael’s specific areas of expertise include business strategy, cash flow management, control and forecasting, workflow and project management, customer service improvement, inventory management, business and collateral valuations, and sales/marketing reinvigoration.

Life Before Phoenix

Before joining Phoenix in 1992, Michael 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

Michael earned a B.S. in Economics from The Wharton School of Finance, a B.A. from the University of Pennsylvania, and an M.B.A. in Finance from Temple University. Mr. Jacoby is registered with FINRA and holds his Series 79 license and is a Fellow of the American College of Bankruptcy. Mr. Jacoby is President of the Philadelphia Chapter of the Association for Corporate Growth and a Board Member of the Philadelphia Chapter of the Secured Finance Network and the Consumer Bankruptcy Assistance Project and is active with a number of other professional and charitable organizations. He is a former Board member of the Philadelphia Chapter of the Turnaround Management Association, and a former Steering Committee Member of the Eastern District of Pennsylvania Bankruptcy Conference.

Michael 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.

Featured Transactions

Investment Banker, Distributor of Heavy Equipment: Served as investment banker in the §363 sale of a distributor of heavy machinery.

Advisor, Manufacturer of Tailored Men’s Clothing: Served as financial advisor in the sale of a manufacturer of tailored men’s clothing.

Advisor, Computer and Technology Integrator and Consulting Firm: Developed the orderly wind down of a $40 million firm, ultimately avoiding a bankruptcy filing though the sale of various business segments to three separate purchasers.

CFO, Aggregator, Reseller and Transaction Processor of Physical and Email Gift Certificates: Led the Company to positive cash flow as he introduced and maintained financial discipline and controls at all levels within the organization.

CFO, Designer, Developer, and Marketer of Desktop Solutions: Migrated to a new contract manufacturer that reduced costs while improving quality, restructured several licensing agreements, and revamped the incentive compensation program.

CEO, Provider of Durable Medical Equipment and Health and Beauty Products: Led company through its Chapter 11 bankruptcy proceeding.

Advisor, Publicly-Traded Manufacturer of Fire Safety Sprinklers: Led the resolution of litigation with the Consumer Product Safety Commission and 7 Class Action litigants surrounding a recall of sprinklers that allowed the Company to return to profitability.

Interim Management Roles, Philadelphia Gas Works: Managed more than 300 employees in the Meter Reading, Customer Accounting, and Customer Support Departments and revitalized the credit and collection functions.

Financial Advisor and Manager, Clinical Phase Pharmaceutical Company: Led the §363 sales process for a company that resulted in a final sale—seven weeks after filing for bankruptcy—that was 3x the original “stalking horse” bid.

Interim CFO, E-commerce Client: 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.

Interim CFO, Early Stage Technology Company: 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.

Interim CEO, Healthcare Company: Structured, negotiated, and closed the sale of assets in more than a dozen transactions under §363 of the Bankruptcy Code.

Advisor, Developer of Web-Based Video Scan Technology: Orchestrated the sale of the majority of its operating assets to a publicly traded company.

Advisor, Apparel Company: Raised $6.5 million of debt for an apparel company.

Office: (484) 841-6808

Mobile: (610) 888-9704

Office Location: Philadelphia

Years with Phoenix: 29

Years of Experience: 30

Service Specialties:

Turnaround Management

Crisis Management

Interim Management

Operational Assessments

Financial Forecasting

Cash Management

Strategic Advisory

Bankruptcy Advisory

Liquidation & Business Wind Down

Due Diligence Reviews

Litigation Support

Refinancing

Expansion/Growth Financing

Management of §363 Sales Process

Divestitures

Balance Sheet Restructurings

Industry Specialties:

Apparel

Automotive

Computer Integrators

Consumer Products

Contractors

Convenience Stores

E-commerce

Electrical Products

Food & Beverage

General Building Construction

Health Clubs

Information Technology

Machinery

Marketing & Incentives

Measurement & Instrumentation

Medical Products

Metal Products

Oil & Petroleum Products

Paper Products

Personal Care Products

Pharmaceuticals

Printing

Private Equity Fund

Retailing

Technology

Utility

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