Igor Zaks sat with Joseph Sarachek for a webcast “The Turnaround Take”. We discussed some recent cases like Carriox / HPS and First Brands, the role and approaches to due diligence and structuring, and opportunities in the space for distressed investors. We also had a detailed discussion about the Software industry, the impact of AI, and the resulting valuation and… Read More »The Turnaround Take Webcast with Igor Zaks
We are pleased to share that Igor Zaks, CFA, President of Tenzor Ltd., was recently quoted by The Wall Street Journal in its in-depth investigation into one of the most striking private credit fraud cases in recent memory: “How Fake Invoices Duped BlackRock Unit Into a $400 Million Loan.” The article details how HPS Investment Partners, acquired by BlackRock in… Read More »Igor Zaks Quoted in Wall Street Journal on Invoice Fraud
Igor Zaks , CFA, President of Tenzor Ltd, was quoted by 9fin, a debt market intelligence publication. The article “The Year of the Cockroach” examines recent financial scandals, such as First Brands, Tricolor, Stenn and others and their implications for the industry. Specific quotes from Igor: “In my view invoice financing is very good market, with attractive yields if it’s… Read More »The Year of the Cockroach: Financial Scandals and Industry Impacts
Igor Zaks , CFA, President of Tenzor Ltd was quoted by Bloomberg’s CFO Briefing about Factoring and Supply Chain Finance implications of First Brands Bankruptcy:“”I don’t see anything fundamentally wrong with the product, if it is used and disclosed correctly,” said Igor Zaks, president of Tenzor, a firm that advises clients on working capital issues. “What I see is people… Read More »Igor Zaks quoted by Bloomberg about First Brands
Igor Zaks , CFA, President of Tenzor Ltd, published an article, First Brands bankruptcy – implications on trade credit insurance at BCR News, a leading receivables and trade finance publication After several years of strong results, trade credit insurance — a cornerstone of receivables finance — is entering a more complex phase. The recent bankruptcy of US auto-parts manufacturer First… Read More »First Brands bankruptcy – implications on trade credit insurance
“What you see now in SCF is the bigger concentration risk. And this is one of the reasons for the concentration in the trade credit insurance market,” Richard Wulff, Executive Director, ICISA. In the run up to the SCFS’22, Igor Zaks, President Tenzor Ltd, interviews Richard Wulff about the differences between the recent Covid crisis from GFC, the reasons for… Read More »Igor Zaks, President Tenzor Ltd interviews Richard Wulff, Executive Director, ICISA
Igor Zaks, CFA, President of Tenzor Ltd., presented at the FCI (Formerly known as Factors Chain International) 53rd Virtual Annual Meeting 2021 22-23 September 2021. The panel focused on Greensill situation and its impact on supply chain finance, credit insurance, platforms, and funds. PANEL DISCUSSION: POST-MORTEM ANALYSIS ON GREENSILL AND OTHER CASES STUDIES: EXAMINING THE RISK FACTORS, THE ROLE OF… Read More »FCI panel recording: Post-Mortem Analysis on Greensill.
Igor Zaks , President of Tenzor Ltd, published on the lessons from the Greensill crisis at TRF News, leading publication on factoring, supply chain finance, trade receivable securitization, and receivable based products Greensill – lessons in structuring and due diligence The collapse of Greensill Capital and the ripple effects from it caused multiple questions about underlying structures, roles of different… Read More »Greensill – lessons in structuring and due diligence
Igor Zaks, CFA, President of Tenzor Ltd., published an article, Greensill: Lessons, impact, and opportunities for insurers at The International Union of Credit and Investment Insurers, Berne Union.Greensill Capital’s recent problems have highlighted the many different products and industries that were somehow featured in its structures. Supply chain finance and credit insurance were dragged into the discussion. Based solely on public… Read More »Greensill: Lessons, impact, and opportunities for insurers
Igor Zaks, CFA, President of Tenzor Ltd., will present as a guest speaker at Georgetown University McDonough School of Business on 15 April 2021. We would be discussing the importance of suppliers’ financial health and supplier bankruptcies and also look at supply chain finance and its role and impact within supply chains. We will look at the impact of COVID-19,… Read More »Igor Zaks to Present at Georgetown University