Navigating Challenges. Driving

 

News and Events

News

  • June 2010 - Thomas M. Kim is featured as a contributing author in the second edition of Strategic Alternatives for Distressed Businesses published by West Thomson. Click on the following link to view the first two pages of the chapter. Perspectives: Secured Creditors. To order a copy of the book go to : http://west.thomson.com/productdetail/160638/40776636/productdetail.aspx
  • January 2010 - Nancy A. Skoe and Thomas M. Kim contributed to the Colorado Society of CPA's publication News Account, "Distress Signals: Advising Companies During Economic Uncertainty."

  • r2 advisors llc Founder Thomas M. Kim appointed Vice President of Finance

    for the Turnaround Management Association (TMA)

    Denver-based Turnaround Expert One of 13 Named to International Board

    DENVER – October 14, 2009 – Thomas M. Kim, CTP (Certified Turnaround Professional), founder and Senior Managing Director of Denver-base r2 advisors, llc, has been appointed the Vice President of Finance for the Turnaround Management Association (TMA).

    Mr. Kim will assume the role of VP Finance beginning January 1, 2010, joining the slate of 13 TMA International Officers approved for 2010. Mr. Kim has previously served as a member of the Colorado TMA’s Board of Directors and as President of the Colorado TMA (2004 – 2005). Presently, Mr. Kim serves as a member of TMA International’s Board of Directors. He also is a member of TMA International’s Executive Committee, is Chair of TMA’s Chapter Resource and Response Council and Mr. Kim has served as a member of two task forces. Mr. Kim’s nomination was approved at TMA International’s Board Meeting held in connection with TMA’s annual convention, which took place earlier this month.

    r2 advisors, llc is a consulting firm dedicated to supporting middle market companies through transition. During the life of a business, all companies will experience transition; growth, restructuring, or periods of financial or organizational stress. r2 advisors helps companies most profitably reach their business objectives during these times. r2 advisors is headquartered in Denver, Colorado and has an office in San Diego, California. For more information, please visit www.r2llc.com

    Turnaround Management Association (http://www.turnaround.org/) has 9,000 members in 46 regional chapters, comprising a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence. Its Certified Turnaround Professional (CTP) program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal.

  • THOMAS M. KIM RECEIVES CERTIFIED TURNAROUND PROFESSIONAL DESIGNATION

    CHICAGO, Ill. – August 5, 2009 – Thomas M. Kim, Denver, Colorado, has been awarded the professional designation of Certified Turnaround Professional (CTP). Thomas M. Kim is Senior Managing Director of r2 advisors, llc located in Denver, Colorado and San Diego, California and a member of the Turnaround Management Association (TMA) Colorado Chapter.  Mr. Kim also serves as a member of the Board of Directors of the Turnaround Management Association, is a member of TMA’s Executive Committee and is Chair of TMA’s Chapter Resource and Response Council.

               The CTP designation provides an objective measure and recognition of expertise related to workouts, restructurings and corporate renewal. Applicants must meet specific standards of education, experience, and professional conduct. They must also successfully complete a rigorous examination that covers financial and managerial accounting and tax, turnaround and crisis management, and bankruptcy and UCC law. CTPs are required to participate in continuing education programs to maintain their certification.

                “The CTP designation is the industry’s most recognized certification of experienced and skilled turnaround professionals,” said the TMA Vice President of Certification and President of its Certification Oversight Committee Michael Feder, CTP.  “It is a mark of distinction for professionals who have demonstrated their commitment to the corporate renewal industry and to a high standard of excellence and integrity.” 

                Turnaround Management Association (www.turnaround.org) is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, TMA’s 8,600 members in 43 regional chapters worldwide comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence.

  • August 2009- Middle Market Lessons from General Motors' 39 Days in Bankruptcy written by Thomas M. Kim along with co-authors Todd Bearup and Zack Palmer published in the Daily Bankruptcy Review.
  • June 2009 - r2 advisors announces the addition of Nancy A. Skoe as Managing Director. Her years of financial and turnaround experience will support our goal of providing expert advice to companies experiencing financial stress or growth pressures, or those involved in distressed acquisitions or dispositions.

  • June 2009 -published in the Journal of Private Equity, Volume 12, Number 3, Summer 2009.

    Mr. Kim outlines his view of the impact of the current economic climate on private equity group (“PEG”) portfolios and their principals.  He notes that one often overlooked option available to PEG principals is to retain turnaround professionals to help manage their distressed portfolio companies.  Many PEGs will attempt to manage their underperforming companies using internal resources.  This will create a significant burden on the PEGs’ resources and potentially lead to greater problems in their portfolio as a whole.  Mr. Kim states his case for why PEG managers ought to consider retaining qualified and experienced turnaround managers capable of assisting them with their underperforming portfolio companies.  He notes that turnaround managers have experience working with PEGs, understand their challenges and have the skills necessary to provide expert assistance under difficult conditions.

    If you have questions on the topic Mr. Kim addresses in the article, please contact us at 303.865.8460.  If you are interested in the Journal of Private Equity please visit their website at http://www.iijournals.com/toc/jpe/current.