Managing Director

During his thirty-year career in commercial and investment banking, Frank P. Turner has advised companies experiencing financial distress to manage through a variety of corporate turnarounds and debt restructurings totaling more than $12 billion. His turnaround transactional experience encompasses both in and out-of-court restructurings, developing plan of reorganizations and communication strategies, leading DIP and exit financings, arranging equity rights offerings, negotiating debt-to-equity exchanges, selling and liquidating companies, and recruiting new board of directors and management teams.

Mr. Turner’s experience also includes the role of a debtor in one of the largest U.S. bankruptcies: Lehman Brothers. Mr. Turner was responsible for the management and ultimate liquidation of the Lehman Brothers’ $40 billion corporate loan portfolio, encompassing over five hundred borrowers throughout Europe, the Middle East, and North America. Through his effort, Mr. Turner normalized group functions and created substantial value for the benefit of Lehman’s creditors.

In addition to his corporate restructuring experience, Mr. Turner has successfully raised capital (debt and equity) for large and middle-market companies. He has successfully led over $25 billion in capital market transactions for high grade and non-investment grade issuers. Mr. Turner has worked with a variety of institutional investors, including banks, insurance companies, direct lenders, collateralized loan obligation funds, distressed investors, and hedge funds.

Before joining Sherwood Partners, Mr. Turner owned a business advisory firm, focused on the middle-market, and was a partner and portfolio manager of a collateralized loan obligation fund.

Mr. Turner is a Certified Turnaround Professional and board member of the New Jersey - Turnaround Management Association, he is also a member of the Turnaround Management Association, the Association of Insolvency and Restructuring Advisors, the Secured Financing Network, and the American Bankruptcy Institute.