Cloud Peak Energy Inc. Retains Centerview Partners LLC as Investment Banker, Vinson & Elkins LLP as Legal Advisor, and FTI Consulting, Inc. as Financial Advisor
January 29, 2019 at 09:15 pm
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Cloud Peak Energy Inc. announced that it has retained Centerview Partners LLC as its investment banker, Vinson & Elkins LLP as its legal advisor, and FTI Consulting Inc. as its financial advisor to assist the Company and its Board of Directors in the Company’s review of capital structure and restructuring alternatives. During this review process, the Company’s mines will continue normal operations, safely and efficiently meeting customer commitments. As disclosed on November 13, 2018, the Company’s Board, working together with its management team and legal and financial advisors, commenced a review of strategic alternatives, including a potential sale of the Company, and previously engaged J.P. Morgan Securities LLC as its financial advisor and Allen & Overy LLP as legal counsel in connection with exploring sale opportunities. The Company’s Board has not set a specific timetable for this review process and the Company does not intend to provide updates unless or until it determines that further disclosure is appropriate or necessary.
FTI Consulting, Inc. is a global business advisory company. Its segments include Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Corporate Finance & Restructuring segment focuses on the strategic, operational, financial, transactional and capital needs of its clients. The Forensic and Litigation Consulting provides law firms, companies, government entities and private equity firms with a multidisciplinary and independent range of services in risk and investigations and disputes. The Economic Consulting segment provides law firms, companies, and government entities with analyses of economic issues for use in international arbitration and legal and regulatory proceedings. The Technology segment provides information governance, privacy and security and corporate legal department consulting. Its Strategic Communications segment provides corporate reputation, financial communications and public affairs.
Cloud Peak Energy Inc. Retains Centerview Partners LLC as Investment Banker, Vinson & Elkins LLP as Legal Advisor, and FTI Consulting, Inc. as Financial Advisor