Disruption has been relentless in recent years. With the right M&A or restructuring strategy, companies can unlock new opportunities, whatever the future may bring.
Organizations need to be resilient and agile in order to create, preserve and recover value.
Business restructuring—whether an operational turnaround or a financial restructuring—can be a vital tool in preserving value for a company and its stakeholders. From refinancing and cashflow improvements to the divestment of assets and management of liabilities, there are a range of ways executives can maintain value in their organization.
Whatever our clients’ objectives, we can help to accomplish them.
M&A advisory
- Deal strategy and tactics
- Deal management and stakeholder intermediation
- Search for prospective investors/buyers
- Search for prospective targets
- Drafting transaction documents (teaser, IM, process letter, LOI)
- Negotiation support
- Commercial review of legal documentation
Independent business review
- Assistance in identifying and assessing business continuity risks
- In-depth analysis of financial, operational and strategic aspects of the business based on historical and forecast data
Independent financial monitoring
- Creating a single data center to accumulate the most recent and reliable data on the monitored entity that can later be accessed by all authorized stakeholders
- Independent monitoring of compliance with covenants and other borrowing limitations
Short-term cash flow forecasting
- Preparing 13-week cash flow forecasts
- Independent review of financial forecasts for debt restructuring purposes
- Assistance in building long-term financial models for restructuring purposes
Financial restructuring
- Identifying and developing debt restructuring options, based on an independent review of the client’s forecasts
- Negotiation support
- Assistance in preparing required documentation for financial restructuring purposes
Operational restructuring
- Identifying and supporting initiatives for delivering measurable improvements to increase revenue and margin (quick wins not requiring major capital expenditure)
- Calculating the impact of these initiatives on EBITDA/cash flows
- Preparing an implementation roadmap for these initiatives
- Supporting implementation and monitoring processes
Post-merger integration
- Assistance in building a business case, calculation of integration synergies and costs, and risk identification
- Defining the target state of the merged companies/businesses from the standpoint of business units, products, entities and geography as well as key operational aspects (processes, contracts, assets, systems, people, etc.)
- Preparing an integration plan for each work stream
- Setting up an integration management office and contributing to its work with a focus on achieving planned synergies and meeting integration milestones and deadlines
Carve-out
- Defining the perimeter of the carved-out business from the standpoint of business units, products, entities and geography as well as key operational aspects (processes, contracts, assets, systems, people, etc.)
- Defining the target state of the carved-out business/company and its operating/business model
- Developing an action plan for achieving the target state for each work stream, indicating owners and deadlines
- Setting up a carve-out management office and contributing to its work
Market exit strategy
- Analyzing the strategies of key competitors
- Identifying key decision-making factors
- Evaluating the pros and cons of potential exit options from the standpoint of strategic decision-making factors
- Analyzing the risks inherent in each potential exit option
