Strategic Value Partners, an investment firm focused on distressed and deep value opportunities, has appointed Flip Huffard to its advisory council. Huffard brings 25 years of restructuring experience to SVP. He retired from Blackstone, where he was most recently a senior managing director and one of the leaders of the restructuring and reorganization group, last year.
In that role, he provided financial advisory services to companies and creditors in a range of situations. Some of the transactions he worked on included Patriot Coal and Tribune Co. He also led Blackstone’s restructuring efforts in the shipping industry with deals such as ZIM Integrated Shipping and Excel Maritime.
Huffard will work with SVPGlobal’s investment team at the Greenwich headquarters, as well as with the firm’s Europe and Asia counterparts. With his appointment to the council, Huffard joins five other members: Sir David Cooksey, former chairman of UK Financial Institutions; professor Bernd Fahrholz, former chief executive of Dresdner Bank; José Barreiro, the former global head of investment banking at BBVA; Ian Guthrie, a former executive at Lloyds and Halifax Bank of Scotland and Hideto Ozaki, former chief financial officer of Toyota Motor Corporation.
Prior to Blackstone, which Huffard joined in 1995, he worked at the distressed investment and advisory firm Hellmold Associates and at Smith Barney. Huffard is also currently serves as the chairman of the board of directors of Vubiq Networks, a wireless broadband technology company, and a member of the board at CORE Media Group.
SVPGlobal was founded in 2001 by Victor Khosla. The firm has about $4.3 billion in assets under management. Its head office is in Greenwich, Connecticut, with additional outposts in London, Frankfurt and Tokyo.