Luke S. Schaeffer
- Senior Managing Director, Global Co-Leader of Telecom, Media & Technology
- Corporate Finance
- T: +1 213 452 6396
- F: +1 213 689 1220
- 350 S. Grand Avenue
- Suite 3000
- Los Angeles, CA, 90071
- United States
- T: +1 213 689 1200
- F: +1 213 689 1220
- B.A., Economics and German, Middlebury College
- M.B.A., Harvard Business School
- Certified Public Accountant (CPA)
- FINRA Series 7, Series 24, Series 63 and Series 79
- Certified Turnaround Professional (CTP)
- Association for Corporate Growth (ACG)
- Association of Insolvency & Restructuring Advisors (AIRA)
- Harvard Business School Alumni of Northern California, former Officer
- Investment Banking & Capital Solutions
- Performance Improvement
- Private Equity Advisory
- Restructuring / Turnaround Services
- Telecom, Media & Technology (TMT)
Mr. Luke Schaeffer is a Senior Managing Director, Global Co-Leader of the Telecom, Media & Technology industry practice, and the Los Angeles office Supervisory Principal of FTI Capital Advisors, LLC, an investment banking subsidiary of FTI Consulting. Mr. Schaeffer has experience in interim management, business recovery and restructuring, performance improvement, mergers and acquisition advisory, private capital financing, strategy and business transformation, business plan development and due diligence.
Transactions Mr. Schaeffer has worked on include the merger of Lin Media with Media General, the merger of Young Broadcasting with Media General, the sale of Digital Domain’s visual special effects business, Aviat Networks discontinued Wi-Max division, the sale of an $80 million distressed telecom service provider, the sale of an online and mobile affiliate marketing network, the sale of an $80 million direct marketing business, multiple data center transactions, multiple mergers and financings of film post-production and equipment businesses, a $450 million secured debt raise for a regional competitive local exchange carrier (“CLEC”), a $245 million CLEC strategic acquisition, a $170 million senior secured debt raise for a regional CLEC, a $75 million equity fundraise by a start-up mobile wireless carrier and a $50 million equity raise by an early stage cable over-builder.
Mr. Schaeffer conducted the organizational redesign of a large U.S. directories business, a comprehensive performance improvement assessment for an entertainment studio, a new media content and advertising strategic plan for a national wireless operator, go-to-market strategy for a new media wireless commerce platform, digital strategy assessment for an integrated traditional media business, a strategic and operational transformation of a billion-dollar incumbent local exchange carrier (including evaluation of new products such as video and wireless broadband) and an operational stabilization of a private equity owned incumbent local exchange carrier (“LEC”).
Restructuring engagements Mr. Schaeffer has advised on include operational and balance sheet restructurings of several yellow-pages businesses, multiple video game developers, multiple entertainment and broadcast company restructurings, a balance sheet restructuring of a large cable operator, an in-court balance sheet restructuring and expert witness testimony of a regional LEC, operational and financial restructuring of a middle market magazine publisher, the restructuring of a $185 million senior secured loan to a regional CLEC, a $300 million restructuring equity raise by a sub-sea cable operator and a $325 million debt raise and balance sheet restructuring for a wireless carrier.
Mr. Schaeffer has recently served as Deputy Chief Restructuring Officer of Relativity Media, Interim Chief Operating Officer of an event rental business, Chief Restructuring Officer in an out-of-court operational restructuring of an entertainment post-production business and Interim Vice President of Development for Digital Domain during its bankruptcy with responsibility for leading that 363 sale process.
Prior to joining FTI Consulting, Mr. Schaeffer was the Founding Managing Partner at West Lake Partners, a niche strategic and transaction advisory firm focused on expansion stage and middle-market companies in the communications and technology industries. Previously, Mr. Schaeffer worked for two private equity firms – Whitney & Co. and One Liberty Ventures – where he worked with, and invested in, communications, media, technology and services businesses. Mr. Schaeffer also spent several years with PricewaterhouseCoopers, where he was a founding member of FTI Consulting’s predecessor Telecom Industry practice.
Mr. Schaeffer holds a B.A. in economics and German from Middlebury College and an M.B.A from Harvard Business School. He is a Certified Public Accountant and a Certified Turnaround Professional, and holds FINRA Series 7, Series 24, Series 63 and Series 79 certifications. He also is a member of the Association for Corporate Growth and the Association of Insolvency & Restructuring Advisors, and a former Officer of the Harvard Business School Alumni of Northern California.