Ravinia Capital, a boutique investment banking firm that addresses the financial and structural needs of distressed companies, said well-known restructuring specialist Richard Bendix has joined the company as a Managing Director, effective immediately.

“Rick will be an important asset to Ravinia as he provides investment banking advisory services to our clients, drawing upon his wide-ranging experience with complex restructurings and other challenging financial situations,” Ravinia Capital LLC President and Managing Director Tom Goldblatt said. “Rick has worked in this area for more than 35 years. He brings unrivaled knowledge to the Ravinia team that will be pivotal in helping our clients achieve the best possible outcomes. His legal acumen and extensive work with both lenders and debtors will be a great benefit as we expand our offerings and client base.”

In his new position at Ravinia Capital, Bendix will be involved with the sale of distressed companies, out-of-court restructurings and Chapter 11 bankruptcy issues. He most recently worked at Dykema, where he had been a member of its Bankruptcy and Restructuring Practice Group. He originally joined Schwartz, Cooper, Kolb & Gaynor (predecessor to Schwartz Cooper Greenberger & Krauss) in February 1981 before it combined with Dykema in 2008. He has played a significant role in many cases, including two ground-breaking Chapter 11 bankruptcy cases—203 North LaSalle Street, one of the largest single-asset real estate cases ever filed (where he argued before the U.S. Supreme Court), and UNR Industries, Inc., the first company to use Chapter 11 of the Bankruptcy Code to resolve asbestos claims. Bendix received his BA (with highest honors and high distinction) and his JD (cum laude) from the University of Michigan, and is a Fellow of the American College of Bankruptcy.

“I am excited to join Ravinia Capital -- a growing boutique firm known for its intelligent and highly skilled team,” Mr. Bendix said. “I am looking forward to using my knowledge of and experience with complex restructurings and sales of distressed businesses in an investment banking setting to help our clients achieve success.”