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Sara Tirschwell

Sara Tirschwell, CFA, is a Managing Director of Quest Turnaround Advisors, and brings to her assignments extensive experience successfully investing in distressed companies over the past 30 years.

 

She is the Interim Chief Financial Officer of Foundation House, a privately-owned addiction treatment company headquartered in Portland, Maine where she has led an operational turnaround and balance sheet restructuring. She is now collaborating with the CEO to tactically expand operations through adjacent treatment options and by entry into under-served markets.  In addition, Sara is currently engaged on a restructuring assignment with a multi-national automotive supplier, advising them on strategic alternatives.

 

Sara has served as a Director and as Chair of the Audit Committee on the boards of several private companies.  Previously, she spent 29 years in distressed finance.  Sara has been a portfolio manager, a partner in a start-up hedge fund and a long-time investor, analyst and trader in the distressed debt field since 1989.  She has extensive industry knowledge, having invested in financials, healthcare, telecom, homebuilders, building products, shipping, chemicals, retailers, energy, infrastructure and industrials in the US, Europe and Latin America.

 

Sara spent the largest portion of her career in distressed finance as a Managing Director at Davidson Kempner Capital Management, fka MH Davidson.  She led the firm’s investments in complex distressed situations such as Washington Mutual, Smurfit Stone, Hostess, Southedge, Rescap, Horizon Lines and PDVSA/Venezuela, among many others.  Notably, she organized and led a bankruptcy litigation strategy against Vitro, SA, ultimately causing Mexico to overhaul its insolvency laws.

 

Sara graduated from Rice University with an Economics degree in 1987 after spending her childhood in Corpus Christi, TX.  She started her career in distressed finance at R.D. Smith, as the Drexel-induced high yield bubble was bursting.  Sara was a pioneer in distressed bank loan trading, helping to establish an efficient marketplace for distressed and stressed term loans and the innovation of a mechanism for transacting revolving credit facilities.  She has led and participated on dozens of creditor committees, collaborated with the Loan Syndications and Trading Association, Senate Judiciary Committee and Managed Funds Association, spoken on panels for the Turnaround Management Association and has been a guest lecturer on the subject of bankruptcy investing.

 

 

 

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