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Jonathan Marino Senior Editor The Deal MODERATOR

Philip Brandes Partner Mayer Brown EXPERT PANEL

Edward Kleinguetl Managing Director, Transaction Advisory Services Grant Thornton LLP EXPERT PANEL

Source: Grant Thornton GUIDELINES FOR DISTRESSED INVESTING

WHAT YOU NEED TO KNOW 1.What should I be worried about and why? 2.What do successful distressed integrators do? 3.What should I be doing and when? 4.How should I organize this process? 5.What type of external support will I need? 6.What are some guidelines for integrating a distressed transaction? Source: Grant Thornton

RISKS

Source: Grant Thornton DISTRESSED INTEGRATORS

Source: Grant Thornton INTEGRATION

Source: Grant Thornton INTEGRATION PROCESS

Source: Grant Thornton EXTERNAL SUPPORT

AUDIENCE Q&A

Thank you for joining Part 3 Driving Value Out of Distress: Post-Acquisition Integration To see the replay link of Part 1 and 2 Driving Value Out of Distress: Target Identification and Due Diligence Driving Value Out of Distress: Negotiation, Valuation and Execution Please visit TheDeal.com

Executive summary Philip Brandes is a firm wide Corporate and Securities practice leader. He represents strategic and financial investors in mergers and acquisitions, leveraged buyouts, debt and equity securities offerings, bank financings and joint ventures, frequently with a cross- border dimension. He has particular experience advising private equity sponsors and pharmaceutical companies. The 2008 edition of International Finance and Law Review's Guide to the World's Leading Financial Law Firms recommended Philip as a leading US M&A lawyer, noting his "great responsiveness," "good manner" and "quality advice." Since joining Mayer Brown in 1994, Philip has worked in both the New York and Frankfurt offices. He is fluent in German. Philip Brandes Partner, Corporate and Securities practice leader Mayer Brown T F

Edward Kleinguetl Managing Director, Transaction Advisory Services Grant Thornton LLP T F Executive summary Ed leads our Transaction Integration offering within the Transaction Advisory Services practice. He has over 30 years of experience, including strategic investment advisory services to grassroots facilities and joint ventures, transaction integration, divestitures, transaction carve-out and performance improvement projects. Ed joined Grant Thornton in January Prior to Grant Thornton, Ed was a Partner with a “Big 4” accounting firm where he led the Transaction Integration practice in the Southeast and advised on deals throughout the world, including Brazil and China. He has been involved with hundreds of transactions and has advised both private equity and corporate clients. He has developed unique solutions for integrating complex acquisitions, as well as complex sell-side and buy-side carve-out transactions. Clients have included strategic companies varying in size from start-ups to Fortune 500 companies. Most recently Ed was Executive Vice-President of a globally recognized engineering and strategic consultancy firm to the refining, petrochemical and gas sectors. Ed is considered a thought leader and frequently presents at global conferences and contributes to publications on the topics of transaction integration, operations and change management, and business growth strategies.