Chris Tennenbaum specializes in providing operational and financial transformation advisory services to companies. He has more than 10 years of experience providing financial advisory services ranging from strategy and growth to operational turnaround and financial distress. Mr. Tennenbaum has industry expertise in media and entertainment, tech, manufacturing, retail and supply chain.
As a titled interim executive, he has experience both as an interim Chief Financial Officer and Chief Restructuring Officer. Mr. Tennenbaum has worked with numerous companies in the media, entertainment, tech, manufacturing, retail and supply chain industries, providing advisory services including performance improvement, business plan development, lender and sponsor negotiation, system integration, due diligence, as well as mergers and acquisition advisory.
Mr. Tennenbaum has also advised various management teams, sponsors and lenders through restructuring processes both in and out of formal bankruptcy proceedings. Recent engagements led by Mr. Tennenbaum include a global SaaS business, aerospace and defense manufacturer, MobiTV (media supply chain), private equipment rental provider, Techniplas (automotive manufacturing), national cannabis retailer, Fuse Media (TV operator) and Promise (healthcare).
He also regularly advises clients outside of restructuring processes on strategic and transformational objectives including performance improvement, cost reduction, merger integration and carve-outs, investment diligence and business plan creation.
- Interim Management: appointed interim CFO of a privately held manufacturing company and led the transformation of its reporting and consolidation capabilities along with standard finance processes such as budgeting, board and lender reporting, and operational reporting for the management team.
- MobiTV (B2B operator of an OTT media-delivery platform): advised MobiTV through a restructuring, ultimately culminating in a sale to a third party under section 363 of the Bankruptcy Code. Led MobiTV through lender negotiations, development of alternative business plan scenarios, creation of sale materials, and restructuring negotiations and oversight. Mr. Tennenbaum was appointed Chief Restructuring Officer and led an auction process culminating in a going concern sale and retention of more than 70% of MobiTV’s employees.
- Confidential Marketplace App Developer: advised on liquidity management and business transformation to effectuate a wind-down of an ancillary business unit and recapitalization through negotiations with a key sponsor and lender. He prepared business plan scenarios and worked with operations teams to evaluate and prepare for the business wind-down. The company ultimately raised over $175 million of incremental financing recently went public through a SPAC merger.
- Other confidential engagements: advised a major private lender on a valuation of fund holdings; a major U.S. film studio on business plan review and transformation planning; a public BioTech company on business plan creation and liquidity management; and a private tech company on cost reduction and business plan projections.
T: +1 213 452 6345
350 S. Grand Avenue
Los Angeles, CA 90071
Financial Management Process Improvement
Restructuring / Turnaround Services