United Kingdom
Provide Advice Implement & Monitor
- 3.1 - Financial Restructuring, Re-financing, Debt advisory
- 3.2 - Performance Improvement
- 3.3 - Accelerated Mergers & Acquisitions
3.1 - Financial Restructuring, Re-financing, Debt advisory
Improving the make-up of the balance sheet is usually a key element of any restructuring plan.
This is in additional to fundamental changes to the business’s operations, for example from sale of a division or performance improvement, which is often necessary to deal with the effects of past losses to put the business back on a sound footing.
We are experienced in the various skills required for this – examples of which are set out below.
Financial Restructuring
We can provide a view on the value of a business to identify where the value of the enterprise breaks in the capital structure. This is important to identify key stakeholders and how much value they might expect in any restructuring.
Re-Financing
If the current financing structure is not appropriate for the business, given its current stage, we can recommend alternative structures.
Debt Advisory
We can advise on appropriate debt structures and terms, given our understanding of the business from the financial review.
3.2 - Performance Improvement
The key to delivering successful business strategies and driving value is execution. We recognise the difficulties in executing complex restructuring projects and have developed our operational Performance Improvement offering to assist our clients with:
- Operational assessment and creation / implementation of robust turnaround plans, focusing on the profit and loss working capital.
- Deal support (pre-acquisition and post deal integration)
- Distressed business assessment / debt re-financing support
- Post deal performance improvement
Our Performance Improvement specialists have extensive industry experience in leading and executing operational turnaround and restructuring projects.
We add significant value in the following areas:
- Portfolio care
- Pre-disposal preparation and operational due diligence
- Pre-acquisition
- Post-acquisition
3.3 - Accelerated mergers & acquisitions
Companies face increasingly complex and often inter-related commercial pressures which impact profitability, cash flow and / or the balance sheet.
The pressures are:
- Sudden loss of a major supplier or customer
- An unexpected change in raw materials / energy costs
- Over-trading
- Pressures on margins to an unsustainable level
- A change in working capital cycles
- Changes in consumer behaviour
- Management limitations
One, or a combination, of these factors can lead to a need to sell-on all part of an underlying business to maximise value. This is often known as accelerated M & A.
We understand the need to work with all parties from an early stage in order to maximise the options available to stakeholders.