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WHAT'S INSIDE:
Chapter Leadership Musings
NEW FEATURE! Hot Takes
Scholarship Foundation Winners
Sponsor Highlight:
Republic Business Credit
NextGen News
Summer Events Coverage
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TMA Chicago/Midwest | September | Q3
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CHAPTER LEADERSHIP MUSINGS |
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TMA and Your Professional Evolution
Sugar Felsenthal Grais & Helsinger LLP
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Recent economic realities have done few favors for the mid-market turnaround community. The CARES Act’s shotgun approach to saving the economy prevented what many people (including myself and other industry insiders) expected to develop into a devastating recession... |
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You've Got Mail!
Summit Investment Management & Keen-Summit Capital Partners
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Today, the Communications Committee, comprised of Mark Silverman of Dykema Gossett, Catalin Diaconu of High Ridge Partners, Nathan Delman of HMB Legal Counsel, and Steve Baker of CE2 Partners, is pleased to announce a further evolution of our all-digital newsletter format that meets our members where they are!
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Association & Member News |
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Membership Happy Hour in Oak Brook |
Nearly 25 TMA members and guests enjoyed an evening of networking at the Western Suburbs Happy Hour held on August 4. The event was held at Pinstripes in Oak Brook and was free to members and guests. It was organized and sponsored by the Chicago/Midwest Chapter Membership Committee. |
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TMA / ACG / SFNet Joint Event
Rivers Chicago • June 28, 2022
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Summerfest
Milwaukee • June 23, 2022
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Senior Living and Healthcare Webinar |
The Chapter's continuing education committee held a virtual panel to highlight the continuing challenges in senior healthcare, while pointing out the advisory and investment opportunities. |
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HOT TAKES
Market Insights, Musings and Trends
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“Central Business District Office properties continue to be of concern. While return to office plans have been occurring, there isn’t the same pre-pandemic buzz.”
“Casual dining restaurants are struggling to return to pre-pandemic profits as they deal with labor shortages and ever-increasing operating costs. How long can the industry stomach the cash burn?”
“The latest cryptocurrency downturn has left many crypto companies struggling to “buy the dip,” and is forcing lenders to choose between weathering the storm or pursuing default remedies.”
Is the recession real or fake news? Wall Street Journal, Inflation, Reckless Spending or Election year Government Gridlock to Blame? #BadManagement Wins AGAIN!
“Distressed market at pivot point signals both ways. Inflation, supply and labor shortages. Banks tightening but hedge/PE funds eager.”
"ABL market improving. We are seeing more opportunities where balance sheet leverage and ABL structures provide greater borrowing capacity than a typical cash flow structure would."
Corporate Banking – Asset Based Lending, Associated Bank
"Strong demand for industrial processing equipment, infrastructure development, and gov maintenance operations, however, backlogs of key items constraining sales."
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NextGen Leadership Conference in NYC |
The NextGen Leadership Conference offered attendees the chance to network among peers and facilitated invaluable programming that offered insights into current trends and techniques in a post-COVID world. |
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Annual Rooftop Networking Event Exceeds Expectations |
On June 28, The TMA NextGen Committee had the pleasure of hosting the best occasion of the summer schedule – the Annual Rooftop Networking event at Joy District. The event exceeded the Committee’s expectations with over 55 registrants! |
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Book Club: The Turnaround Kid |
The Turnaround Kid: What I learned Rescuing America’s Most Troubled Companies by Steve Miller. The book was well received by the group and it provided for a lively and thought-provoking discussion on the turnaround industry.
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Scholarship Foundation Announces 2022-2023 Winners
By Gail Heldke, Accord Financial
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The Chicago/Midwest TMA Memorial Scholarship Foundation is pleased to announce winners of the 2022-2023 academic year scholarships of $3,000 each. The winners are:
- Ava Hinrichs
- Connor Lane
- Alexandra Todd
- Kenzie Quirk
- Mia Wikel
It is noteworthy that all five distinguished winners will major in STEM subjects!
The Scholarship Foundation has raised over $100,000 to support scholarships for students associated with the TMA community and granted over sixty individual and non-profit organizational scholarships since the Foundation’s inception in 2007. Funding of the scholarship program is a direct result of generous individual donations and the continued support through the TMA Midwest Chapter’s Memorial Scholarship Annual Golf Outing and other events.
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