Raymond Massi

Consultant | CPA, CIRP, ICD.D, LIT

Write to Raymond Massi

Attentive listener, strategic thinker, skillful negotiator.

Raymond Massi is a progressive traditionalist with broad business knowledge. He blends his 40 plus years of experience with his grasp of today’s fast-evolving business environment and relates easily to the multi-generational mix of individuals that currently operate within today’s business community. He is passionate about life, his family and the individuals he interacts with and is always there to assist. Raymond’s favorite saying “Take life and work seriously but don’t take yourself too seriously.”

Raymond has more than 40 years of business experience covering corporate finance, acquisitions and divestitures, financial restructuring and reorganization, performance and profitability enhancement. He is also well versed in dealing with financial distress situations and litigations and is a recognized court expert in both areas.

Raymond is a recently retired senior partner of the Firm who continues to play an active role by providing his insight and expertise as special counsel. He regularly advises public and private corporations operating in a variety of sectors on strategic, operational and transactional issues.

Raymond is very present and well known within the Montréal community, not only because of his business activities but also due to his philanthropic endeavours. The two traits that best exemplify the true nature of Raymond are his generosity with his time and the selfless in his approach towards others.

Fields of expertise

Distress management
Insolvency
Transaction advisory

Industries

Ecommerce
Real estate and REITs
Pharmaceutical and health sector
Telecommunication and technology
Transportation
Retail
Public sector
Financial services
Franchises
Investment and infrastructure funds
Manufacturing and distribution
Oil and gas
Mining

Academic background

Licensed Insolvency Trustee (LIT), 1986
Chartered Insolvency and Restructuring Professional (CIRP), 1986
Chartered Professional Accountant (CPA, CA), 1977
Institute of Corporate Directors (ICD.D), Director
B. Com., Concordia University, 1975

Professional and community involvement

Cedars Cancer Institute – Board of Directors, 2012-2016
Insolvency Institute of Canada – Member, since 2007
Marie-Clarac Hospital Foundation – Governor, since 2004
Sarah Cook Fund Cedars Cancer Institute – Founding member of the Board of Directors, 2001-2012
Montréal Port Authority – Member of the Board of Directors and Audit Committee, 2001-2007
Italian-Canadian Community Foundation – Governor, since 1990
Santa Cabrini Hospital – Chairman of the Board of Directors, 1988-2000
Canadian Association of Insolvency and Restructuring Professionals – Member, since 1986
Canadian Italian Business and Professional Association Montréal – Past President and Governor, since 1985
Italian Chamber of Commerce in Canada – Member, 1985-2015

Public recognition

Speaker. “Les nouvelles tendances en matière de financement de détresse,” presented before the Canadian Institute, October 2012.
Speaker. “The Eye of the Storm: An In-House Perspective on Corporate Restructurings,” presented before the Canadian Corporate Counsel Association (CCCA), April 2012.
Speaker. “The Collapse of the Norshield Financial Group,” presented before the Ontario Bar Association, February 2012
Speaker. “La gestion des risques dans le marché actuel de la location : les éléments que vous devez connaître,” Montreal Real Estate Strategy & Leasing Conference, April 2011.
Speaker. “Cross-Border Transactions – Additional Considerations and Particular Challenges,” presented to Insight Information, June 2010.
Quoted in an article by Gilbert Leduc, “ExelTech Aérospatiale : un peu d’espoir pour la capitale,” Cyberpresse (website) and Le Soleil, May 2010.
Quoted in an article by Marie Tison, “ExelTech est prête à s’envoler aux États-Unis,” La Presse (Affaires), May 2010.
Quoted in an article by Francis Vailles, “Affaire Norshield – Une vaste tromperie, conclut la CVMO,” La Presse (Affaires), March 2010.
Quoted in an article by Francis Vailles, “Affaire Norshield – Plus de 10 millions $ d’honoraires pour récupérer les fonds,” Le Nouvelliste. January 2010.
Speaker. “Analyse pratique du Programme de protection des salariés – Un an plus tard,” conference presented before the Canadian Institute, October 2009.
Speaker. “Strategies for Bankruptcy, Insolvency and Managing Tenants in Distress,” Montreal Real Estate Strategy & Leasing Conference, March 2009.
Quoted in an article by François Desjardins, “Nortel invoque la protection de la Cour – Préoccupé, Ottawa n’écarte pas la possibilité d’une aide financière,” Le Devoir, January 2009.
Speaker. “Naviguer en eaux troubles : le rôle des administrateurs de sociétés insolvables,” presented before the Canadian Institute, October 2008.
Speaker. “Acquisition et vente de sociétés en difficultés financières – Processus de restructuration et de vente,” speech given at a symposium organized by McCarthy Tétrault, June 2008.
Author. “Selling a Distressed Business as a Going Concern,” Rebuilding Success Magazine, spring 2008.

Important mandates

Financial advisor to a luxury goods retailer with operations in Canada and the USA under various banners to renegotiate their banking agreements, raise additional working capital and improve profitability through overhead rationalization.
Financial advisor to Laura Shoppe, a large Canadian women’s retailer that was under CCAA.

Services

Raymond’s Expertise

Crisis Management & Restructuring

When a potential risk becomes a real risk, a company and its stakeholders, with varying motivations and interests, often need to navigate a complex web of decisions.