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Corporate Restructuring and Working Capital Management
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Igor Zax presented at Supply Chain Symposium

Wednesday Jul 6, 2016

Igor Zax, Managing Director of Tenzor Ltd. presented at the 6th Annual Supply Chain and Finance Symposium, hosted by IE Business School and Banco Santander in 20-th of June Madrid. This top academic event  featured professors from top universities, including Stanford, University of Chicago, University of Washington in St. Louis, Georgetown University, IE, Singapore Management University, Imperial Business School and  others, corporates (such as Metro Group and BMW) and banks (Santander and HSBC).

The presentation was focused nature and unique characteristics of trade receivable risk, differences it presents with other risk types, and implications of SCF structures to the risk transformation, distribution and management. Full copy of the presentation available via link below:

Trade Credit: the nature of the risk and its implications for SCF


Igor Zax chaired Private Equity Origination Conference

Sunday Nov 29, 2015

Igor Zax, Managing Director of Tenzor Ltd., chaired Private Equity Deal Origination Conference 25 November 2015. The event was hosted by IIR/Informa and featured will major PE houses such as Bain Capital, LDC, Riverside, and August Equity, as well as Houlithan Lokey, Cavendish Corporate Finance, KPMG, Grant Thornton, White and Case and others.

Igor Zax also presented a panel on Buy and Build Strategies, talking about successful identification of platform companies, putting together effective management teams, financing initial purchase and add-on acquisitions. Please see below slides prepared for the above panel (actual panel was live discussion without slides by any participant)

Buy and Build PE Origination 2015


Webcast “The Credit Insurance Puzzle: Why is it 5x more popular in Europe?”-Slides from the presentation

Tuesday Nov 4, 2014

Igor Zax, Managing Director of Tenzor Ltd. presented 4-th of November 2014 a webcast “Credit Insurance: Common Misconceptions, and Can it Be a Useful Tool”, hosted by Commercial Finance Association (CFA), the international trade association dedicated to the asset-based lending and factoring industries.

The webcast was attended by major banks, asset based lenders, export credit agencies, insurance brokers and credit insurers.

You can see slides for the presentation as a PDF file- link below

Credit Insurance- common misconceptions and can it be a useful tool FINAL


Operational Turnaround –Focus on Working Capital and Supply Chain-lecture by Igor Zax at LBS

Saturday Mar 24, 2012

Igor Zax CFA, founder of Tenzor Ltd, gave a new guest lecture Operational Turnaround –Focus on Working Capital and Supply Chain as part of a course “Mergers, MBOs and Other Corporate Reorganisations” by professor Paolo Volpin at London Business School 23 March 2012.

The lecture covers principles of distressed investments, corporate turnaround and operational due diligence. It also focuses on supply chain and working capital implications, use of asset backed lending, vertical integration and business model re-design.

Slides for the presentation can be seen by clicking the link below:
Operational Turnaround –Focus on Working Capital and Supply Chain


Special Situations and Distress-driven M&A- masterclass by Igor Zax in Moscow

Sunday Oct 9, 2011

Igor Zax, founder of Tenzor Ltd, delivered a masterclass on “Special Situations and Distress-Driven M&A: What Does it Take to Conduct a Successful Accelerated M&A Process”  28 September 2011 in Moscow, as part of C5 conference on M&A in Russia and CIS.

The masterclass was attended by senior M&A professionals of major Russian and CIS banks and industrial groups.

For link to English version of the presentation please click the title above.


Operational Due Diligence -lecture by Igor Zax at London Business School

Sunday Jun 12, 2011

Igor Zax, founder of Tenzor Ltd, gave a guest lecture Operational Due Diligence -Key to M&A Success as part of a course “Mergers, MBOs and Other Corporate Reorganisations” by professor Paolo Volpin at London Business School 11 June 2011.

Slides for the presentation can be seen by clicking the link below:
Operational Due Diligence -Key to M&A Success


Igor Zax, Tenzor Ltd co-hosted a panel on Corporate turnaround and stakeholder management strategies

Wednesday Oct 27, 2010

Igor Zax, Managing Director of Tenzor ltd., . and Warwick Ley, partner of Endless LLP presented at a panel on Corporate turnaround and stakeholder management strategies at European Investment in Distressed Debt Forum in London 27-th October 2010
 While actual presentation was in a form of live discussion without slides (that was a preference of both panellists), Igor Zax also prepared slide presentation that is available here: Corporate Turnaround –thinking beyond capital structures


Valuations – Practical Questions for PE Investor- presentation by Igor Zax at Private Equity in CEE conference

Friday Oct 15, 2010

Igor Zax, founder and MD of Tenzor Ltd., moderated a panel at a conference “Private Equity in Central and Eastern Europe”, London, 15 October 2010, organised by C5. The presenation, Valuations – Practical Questions for PE Investor, focuses on shortcomings of traditional valuation techniques, exit strategies, criteria and motivations of investors.


“Distressed M&A –Supply Chains and Working Capital Solutions?” -guest lecture by Igor Zax at LBS

Sunday May 2, 2010

Igor Zax, founder of Tenzor Ltd, was presenting again at LBS (London Business School) with a guest lecture Distressed M&A –Supply Chains and Working Capital Solutions? , as part of a course “Mergers, MBOs and Other Corporate Reorganisations” 22 April 2010.

The lecture addresses strategies distressed mergers and acquisitions, core principles for turnarounds, effect of supply chains, role of ABL (asset backed lending), working capital management, distribution structures and vertical integration.


Corporate Turnaround- looking beyond just banks and the debtor- slides from conference in Russia

Wednesday Dec 2, 2009

Corporate Turnaround- looking beyond just banks and the debtor
Presentation By Igor Zax on a conference on Corporate Financial Restructuring in Russia & CIS conference, Moscow, December 1-2 2009