About

John Aschenbeck

DIRECTOR

Corporate Restructuring &  Bankruptcy Director

Restructuring & Turnaround Executive | Value Creation & Recovery Initiatives

SUMMARY

John is a Director with VERITAS Restrucuturing Group.  He possesses over 15+ years of highly diversified experience as an operator, investor, and advisor across 20+ industries supporting $5B in restructuring, capital markets, and M&A transactions while serving public and private debtors, creditors, and equity holders. His typical engagements range from $10MM to – $1B. Given the breadth of his experiences, he quickly diagnoses the most complex business situations and works with all stakeholders to unearth and execute upon value creation and recovery initiatives.

CORE EXPERTISE

  • Value Creation & Recovery
  • Interim Leadership
  • Restructuring Strategy
  • Liquidity & Cash Management
  • Profitability Transformation
  • Stakeholder Negotiations
  • M&A & Capital Markets

KEY METRICS

  • EBITDA & Profitability Enhancement
  • Cash Flow & Liquidity Management
  • Sales, Inventory, & Revenue Stabilization & Growth
  • Successful Restructuring, M&A, & Capital Markets Transactions

SELECTED ENGAGEMENTS

As an advisor to the post-plan Trustee of a Pharmaceutical company, John led & executed a stock clawback of fraudulently conveyed shares of a former subsidiary, resulting in millions of shares being returned to the Liquidation Trust.

 

As the interim head of finance for a rapidly growing Technology company grappling with liquidity constraints and margin deterioration following aggressive expansion, John led the finance and accounting team while: reducing the company’s cash conversion cycle >20%; recapitalizing the balance sheet via working capital and tax credits vs. debt; improving 13-week cash flow forecasting >15%, and; recruiting, onboarding and training a long-term financial leader/successor.

INDUSTRIES

  • Oil & Gas Exploration & Production
  • Oil & GasMidstream & Marketing
  • Oil & Gas Minerals
  • Oilfield Services
  • Industrial Chemicals
  • Industrial Manufacturing & Distribution
  • Chemical & Industrial Design & Implementation
  • Clinical & Commercial Stage Biopharmaceuticals
  • Pharmaceutical Manufacturing
  • Managed Healthcare
  • Healthcare Payments
  • Health & Nutritional Supplements
  • Retail & Consumer Distribution
  • Software as a Service
  • Education Technology
  • Commercial Fire & Safety Construction & Services
  • Property Restoration & Mitigation

 

CREDENTIALS

  • Member, Turnaround Management Association (Houston Chapter)

Office Hours

Mon-Fri - 8:30 am to 5:30 pm

Saturday - 09:00 am to 12:00 pm

Holidays - Closed

Contact Info

717 Texas Ave., 12th Floor

Houston, TX 77002

713-255-2099

info@vrg.co

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