Restructuring__

Disclosure, I am an equity investor in Arvo

Introducing Arvo, our first venture investment! Arvo is led by Kunal Valrani. If you have done banking, you know that everyone says they will launch a business, but then 99.9% of people just accept their Mega-Fund PE Associate offer once it knocks on the door (myself included). Kunal did not; he took a risk, bet on himself, and launched Arvo with a strong team, and I deeply admire him for the decision. I am extremely excited to announce that we invested in Arvo’s pre-seed round, and we are sharing the news in conjunction with their official launch. So, what is Arvo? Arvo eliminates the need for bankers and investors to manually take notes on the 40+ hours of weekly calls they’re on. Beyond capturing notes, Arvo logs meetings directly into CRMs, automates post-meeting workflows, and surfaces intelligence ahead of meetings to help teams close more deals. The tool was built alongside Umer Haider, an experienced software engineer, and a team of SEC and cybersecurity experts to ensure proprietary, finance-specific compliance controls. As someone who has wasted way too many hours of my life taking notes, I see the potential and I am very excited to be on the cap table. If you are tired of wasting your life taking notes, book an introductory call, and see how they can help you! What makes Arvo different? Compliance teams are (rightfully) blocking use of AI note-takers. Arvo is the first AI meeting assistant the industry can actually use thanks to their compliance-first approach purpose-built for finance. The team launched in stealth in the fall, and they are already used by 10+ investment banks and private equity firms. This week, they signed the first Mega-Fund with $100bn+ in AUM. Try their product today (arvohq.com) and save time!

Team, we need to win this. LFG! You are letting brain rot comments win over us

Exclusive prediction market partner of the MLB Top of the 1st, bases loaded

@MatthewModabber Bring prediction markets to financial restructuring

Try explaining to someone grinding for $80k a year that a firm literally offered 8-figure guarantees, found the person a nanny as a personal favor, and still got turned down. So good.

"When the Fed began hiking in 2022, traditional rate-sensitive sectors like office construction rolled over quickly. But data center construction continued to surge, as investors and hyperscalers judged that AI-driven returns would exceed the higher cost of capital."

@ASquawks Why?

@Restructuring__ He’s great. His latest videos talk about how Citadel is tripping to take his videos down which is how you know they’re legit

I now understand how electricity is priced better than 99% of people after watching this video 2 minutes well spent, watch this ex-Citadel simply explain the power market

@aryanrhmn Wow for what reason?

@Restructuring__ apparently citadel asked him to take down his videos multiple times, what a sham. very concise and to the point indeed.

@BacardiCapital both teams make money*

@Restructuring__ Blondes who just care if both teams have fun

Someone should do this for hedge fund people, it would absolutely print I would love to spend my Saturday afternoon with: - beers - Bloomberg TEV and setup - VIC writeups of the week printed - double monitor for each seat obviously - golf sim between stock discussions What am I missing?

@the_P_God long or short?

@Restructuring__ Nachos or wings

@n0thingcap this is social life

@Restructuring__ Women and a social life

@Fan_of_gorton bold to assume analysts care

@Restructuring__ Women bro

@AspiringChef1 Hedge Fund analysts dont know that word

@Restructuring__ Women

@karlkbuilds Bloomberg makes enough money

@Restructuring__ Surprised Bloomberg has never done this tbh

ModivCare: A Drive to Bankruptcy Court After years of acquisition-driven growth and optimism, ModivCare was ultimately pushed down by industry headwinds, unfavorable contract structures, and operational issues, culminating in a Chapter 11 filing in August 2025. On Friday, we will start by understanding ModivCare’s business and end markets, then explain the insurance industry and the types of contracts ModivCare signs with insurance agencies. We will then examine the many reasons for the company's distress, one of which stems from certain provisions in the earlier-mentioned contracts. After that, we will analyze the pre-petition efforts, most importantly the LME, which consisted of an uptier and an incremental debt raise, and explain why it proved unsuccessful. Overall, the report examines the pre-distress performance from 2018, the path to bankruptcy from 2022 to 2025, and the bankruptcy process itself. Subscribe now