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Bailey McCann, Opalesque New York:

New York-based M-III Partners is the latest entrant into the corporate restructuring/distressed space. The firm’s founders com out of Springleaf Holdings and the credit team at Apollo, and tell Opalesque that launching now will position them to catch the next distressed cycle.

"It’s obviously not a robust restructuring market currently, but we feel like over the next two or three years as the credit cycle matures there will be opportunities," says Mo Meghji, Managing Partner, M-III. "You always need a little lead time to get organizations like this pulled together." So far, the firm is comprised of a senior management team of six that will focus on advisory services and principal investments in restructuring and special situations.

Meghji launched the firm with Suleman Lunat who was previously a portfolio manager in the opportunistic credit group at Apollo Global Management.

The firm will focus on four broad sectors of the economy including healthcare, specialty finance, industrials and the consumer space. Lunat notes that the firm will also be looking at a handful of opportunistic investments outside of those four focus areas in order to find value plays. "We are taking a look at opportunities in the E&P space, for example, but we think the more interesting ones are yet to come."

Meghji says the firm is built on a unique strategy that blends turnaround expertise with a deep background in cr......................

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