Enron Corp. was an American energy, commodities, and services company based in Houston, Texas. Enron selected RA Capital Advisors as co-financial advisor, along with Blackstone, to its Chapter 11 reorganization, at the time the largest and arguably most-complex bankruptcy in history
RA Capital Advisors acted as lead financial advisors for producing a comprehensive set of business plans for the core operating companies within the Enron estate including completing M&A assignments for Enron’s upstream oil and gas assets. With the objective of maximizing value for the Enron estate, RA Capital Advisors identified key assets, assisted in developing business strategies for each of those assets and combined certain core assets into a strategically focused energy company.
The business plans created an alternative to liquidating the assets at fire sale prices, saving creditors “hundreds of millions of dollars” according to reorganization management.
- Industry: Energy
- Deal Type: Bankruptcy Advisory
- Location: Houston, TX