Carollynn H.G. Callari

Managing Member

Carollynn H.G. Callari has twenty years of corporate and bankruptcy law experience. She was formerly with AmLaw 100 law firms Willkie Farr & Gallagher LLP and Venable LLP.

She is a general corporate advisor to her clients, providing counsel on day-to-day legal issues, acquisitions and commercial agreements. She serves as outside general counsel to portfolio companies and helps clients implement growth and turnaround strategies. Ms. Callari also has extensive experience in sophisticated business reorganization and restructuring matters, working across the full spectrum of Chapter 11 cases as well as counseling parties in workouts and restructuring matters conducted outside of judicial settings, and general commercial transactions. She has represented debtors in a number of large bankruptcy cases including retailers, such as The Hechinger Company, Frank's Nursery & Crafts, Petrie Retail, Inc., and Winkelman's and manufacturers such as Werner Holding Co (DE) Inc. In representing energy provider PG&E National Energy Group, she helped direct prepetition negotiations with creditors representing more than $2 billion in debt to facilitate the debtor filing bankruptcy with a prenegotiated plan. She also was instrumental in the prepetition and postpetition sale processes of telecommunications company XO Communications, Inc., which resulted in competing offers and entry into an $800 million investment agreement.

She represents various sized private equity groups in connection with investments in distressed companies. Recently, she represented a purchaser in a $365 million bankruptcy acquisition while also representing a client in a $5 million investment transaction. She advises multi-million dollar corporations in connection with strategic corporate planning and business transactions.

Ms. Callari has handled numerous auctions involving the disposition of fee owned properties and more than 500 real property leases and has managed the claims objection and reconciliation process for thousands of claims.

She advises borrowers and lenders in connection with distressed loans.

Ms. Callari also represents investors and creditors (including secured lenders, trade creditors, landlords, indenture trustees, ad hoc committees and other interested parties) in Chapter 11 cases, such as Extended Stay Inc., General Growth Properties, Lehman Brothers Holdings Inc., US Mortgage Corp., Global Crossing Ltd., Teleglobe Communications Corporations, Worldwide Direct Inc., Alliant Protection Services Inc., Access Cardiosystems Inc., A&P and Borders Inc.

Ms. Callari is an Executive Director and a board member of the New York Chapter of Opus Connect, a private equity networking organization. For several years she served as an adjunct instructor at New York University's School of Continuing and Professional Studies, teaching a workouts, restructurings and bankruptcy course. She is a speaker at conferences addressing corporate bankruptcy issues and investments in distressed assets. Ms. Callari is also a qualified bankruptcy mediator having completed the American Bankruptcy Institute 40-hour bankruptcy mediation program at St. John's University School of Law.