High Voltage creditors committee looks to hire Chanin Capital as financial adviser

By Caroline Salls

Pittsburgh, May 5 - High Voltage Engineering Corp.'s official committee of unsecured creditors applied for permission to hire Chanin Capital Partners LLC to be its financial adviser, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Massachusetts.

In the filing, the committee said Chanin would be used for general bankruptcy representation in High Voltage's case. Its duties will include:

*Reviewing and analyzing High Voltage's operations and financial condition, business plans and strategy, operating forecasts and management;

*Analyze any merger, acquisition, divestiture, joint-venture or new project transactions; and

*Assist the committee in developing, evaluating, structuring and negotiating the terms of a restructuring, plan of reorganization or sale of High Voltage's assets.

Chanin has experience in bankruptcy, insolvency, corporate reorganization, debtor/creditor law and commercial law.

High Voltage filed for Chapter 11 on Feb. 8. Its case number is 05-10787.

The New Kensington, Pa., maker of industrial power control and surface analysis products previously emerged from Chapter 11 on Aug. 10, 2004 under a restructuring that converted its 10½% senior notes to equity in the reorganized company.

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