Greenfield Partners, LLC, was founded by private equity and real estate executive Eugene Gorab in 1997. Eugene Gorab currently heads the investment firm, which specializes in all areas of real estate financing, including debt restructuring and asset repositioning. Debt for equity is a form of debt restructuring that can be deployed by companies seeking to adjust their debt-to-equity ratio or fulfill another type of financing requirement. Debt/equity swaps are also common in chapter 11 bankruptcy cases, where debt holders are given equity shares of the reorganized company. Businesses can also provide bond-holding creditors with this option to avoid making bond payments at face value. To make the swap to equity more appealing for creditors, a company can offer to replace the debt amount with higher-valued stock. If investors agree to the swap, they effectively change the class of their asset and gain the rights afforded to shareholders. If stocks are exchanged for debt, former shareholders relinquish their voting rights and other shareholder privileges.
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Eugene Gorab, founder and CEO of Greenfield Partners, LLC, is an investment executive with a wealth of experience in the private equity sector. Eugene Gorab earned his MBA from the University of Chicago’s prestigious Booth School of Business. Recently, the Booth School unveiled the findings of its research into the Chinese consumer market. The study, undertaken in collaboration with the University of Virginia and Beijing Normal University, set out to identify behavioral characteristics that are distinct to cafe customers in different regions of China. After observing and recording the seating preferences and behavior of nearly 9,000 cafe patrons, researchers noticed a north/south divide. Customers from northern China were more likely to sit alone and more likely to rearrange furniture blocking their path. Booth professor Dr. Thomas Talhelm attributes these actions to the more individualistic and independent culture that developed in the north due to the cultivation of wheat, which could be managed by a solitary farmer. In contrast, southern Chinese farmers have historically grown rice, a crop that requires mutual cooperation. This seems to have influenced the behavior of modern southern Chinese customers, who statistically were less likely to disturb their environment and preferred company when enjoying their coffee. The study sheds light on the claim that ancient traditions shape modern consumer behavior. A private equity professional with over two decades of experience, Eugene Gorab leads Greenfield Partners in Westport, Connecticut, as the President and CEO. Eugene Gorab maintains affiliation with the Urban Land Institute (ULI), a nonprofit organization dedicated to education and research for all aspects of land use and real estate development. ULI will hold its 2018 Spring Meeting in Detroit, Michigan. The ULI Spring Meeting is an exclusive member event that brings together land use real estate professionals from across the country. Featuring a variety of general and concurrent sessions, the meeting will address the latest industry trends and help attendees develop practical strategies at the leadership level. Networking lunches also give attendees the opportunity to connect with decision-makers and expand their professional networks. In addition, the meeting will host the Leadership and Innovation Series. The 2018 Spring Meeting will take place May 1-3, 2018, at the Cobo Convention Center. ULI associate members based in Michigan may also attend. The president and CEO of Connecticut real estate investment manager Greenfield Partners, Eugene Gorab leads a diversely skilled team of investors with an average of 25 years of experience. Eugene Gorab also serves on the board of trustees of the Appalachia Service Project (ASP), a nonprofit faith-based organization that repairs homes for low-income families in rural Central Appalachia. ASP invites members of the public age 14 and up to participate in its summer program, which helps make homes in the Appalachia region warmer and safer while bringing volunteers closer to God. The program involves spending a week in a remote Appalachian community, where volunteers assist with home renovation and repair under the guidance of ASP staff. Volunteers receive all tools and construction materials necessary for the job and three meals each day. Prior to the trip, ASP sends volunteer groups resources and planning guides to further their knowledge about Appalachian culture and prepare for the experience. ASP also handles all logistics of trip planning and provides housing accommodations at a base camp, such as a school or community center rented for the summer. |
AuthorCurrently, Eugene Gorab serves as the President and Chief Executive Officer of Greenfield Partners, LLC, a company he founded in 1997. Archives
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