Deryck Helkaa specializes in providing transaction and restructuring advisory services to companies and their stakeholders, including representing creditors, lenders, shareholders, management and boards of directors in both formal and out-of-court restructurings and cross-border cases. Mr. Helkaa has more than 20 years of experience, including industry expertise in oil and gas, with companies operating in exploration and production, midstream and oilfield services sectors.
Mr. Helkaa’s experience comprises a wide variety of industries including the oil and gas industry (companies operating in exploration and production, midstream and oilfield services sectors), mining, retail, real estate and construction. Mr. Helkaa has been involved with a wide variety of clients including public and private companies, various lender groups, with many of his assignments involving international operations, including many cross-border cases. Mr. Helkaa has significant experience assisting both debtor and creditors in preparing business and/or restructuring plans, debt facility amendments, forecasting/budgeting, and overall strategy and negotiations with stakeholder groups. Mr. Helkaa has been the lead on several formal insolvencies including numerous roles as court monitor in CCAA proceedings and foreign representative in Chapter 15 and Chapter 11 cases.
Mr. Helkaa’s current and recent engagements include: currently acting as court appointed Monitor in the CCAA proceedings of Dynamic Entertainment, acted as the Monitor in the CCAA proceedings of Coalspur Mines, Dominion Diamond Mines and JMB Crushing. Financial advisor to a first lien syndicate of a heavy oil producer in Western Canada with over $800 million in debt. Financial advisor to a first lien syndicate of a light oil producer in Western Canada with over $500 million in debt. Financial advisor to Bonavista Energy Corporation in its restructuring under the Canadian Business Corporations Act. Financial advisor to a lending syndicate with respect to a large oil field service company operating in Western Canada.
Additionally, Mr. Helkaa served as Chief Restructuring Officer of Tuscany International Drilling Inc. during its Canadian proceeding and Chapter 11 filing, a provider of contract drilling and work-over services to the oil and gas industry in Africa, Brazil, Colombia and Ecuador. Prior to joining FTI Consulting, Mr. Helkaa was a Partner of the Transaction and Advisory Services group in Ernst & Young.
Prior to joining FTI Consulting, Mr. Helkaa was a Partner of the Transaction and Advisory Services group in Ernst & Young.
Mr. Helkaa was the past President of the Turnaround Management Association’s Northwest Chapter, which included Alberta, British Columbia, Washington and Oregon