Restructuring

We help companies promptly deal with financial underperformance and navigate the unfamiliar restructuring environment.

Key aspects of our Financial Restructuring services:
• Identifying potential areas for restructuring and the various short- and medium-term levers
• Supporting companies, executives and creditors in identifying business sustainability requirements by making the data more reliable and analysing operating and cash flow forecasts

We assess the operational performance of distressed companies to identify the extent of their value deterioration and formulate a turnaround plan to help them bounce back.

Key aspects of our Turnaround Planning:
• Helping to rapidly implement a strategic and operational turnaround, from design to on-the-ground execution, throughout the value chain
• Considering top-line growth and business model shifts that go beyond cost-reduction levers, which can energise the business, such as through market entry, product launches, and the disposal of non-strategic assets
• Providing operational field support for restructuring based on our multidisciplinary expertise and action-driven approach

We present companies with several alternative restructuring futures and examine the expected outcomes to ensure flexible, multi-dimensional thinking.

Key aspects of our Scenario Analysis services:
• Assisting managers and shareholders in reviewing potential restructuring scenarios, analysing strategic and financial options, and formulating action plan recommendations
• Developing a business case for each option and identifying all related impacts for informed decision-making.

Our “crisis units”, which include all functions from operations and purchasing to legal, HR, and finance, restore business health and provide crisis leadership. Our approach is based on short decision loops, with regular, productive sprints with top executives, to build a financial model that considers the evolution of revenues and costs and helps our clients make the right decisions.

Key aspects of our CRO services:
• Setting up a war room with a team covering all business functions and rapidly developing an action plan to recover the financial and operational health of our clients’ businesses through their own teams
• Implementing tighter, action-oriented governance, with regular meetings to align with functional leadership

We optimise cash generation and liquidity in the face of evolving raw materials prices, inflation, supply chain tensions and interest rates. Our experience on 300 projects has shown that, on average, 7% of a company’s turnover can be freed up in cash.

Key aspects of our IBR services:
• Conducting a detailed assessment of a business’s financial and operational performance, both present and historical, and its business plan projections
• Helping managers address cash management stakes
• Setting up impactful action plans and anchoring “cash culture”

We support our clients throughout their collective insolvency proceedings, phasing out our involvement only when they have been perfectly orchestrated.

Key aspects of our Insolvency & Liquidation services:
• Helping clients prepare and manage everything from insolvency notices and operating and cash flow forecasts to business, backup, recovery and disposal plans
• Preparing all the documentation necessary for proceedings management and the necessary forecasts for observation periods and exit options

We act as a key partner in preparing and assisting with the implementation of complex reorganisation or restructuring of the workforce.

Key aspects of our Labour Restructuring services:
• Designing and developing our clients’ projects, integrating upstream social and communication constraints while avoiding classic pitfalls by evaluating the impacts on various aspects of the workforce
• Helping our clients choose between various legal tools and constraints, assessing the associated costs and cash outflows and evaluating the impact on the work environment from a risk perspective
• Supporting our clients in the consultation and negotiation process and assisting in the preparation of the necessary legal documentation

We help bidders capitalise on the complex yet significant opportunities to acquire good assets at attractive valuations and sellers in distress to expedite the sale process to liquidate assets or mitigate losses quickly.

Key aspects of our Distressed M&A services:
• Mobilising various techniques of a legal (e.g., asset or share deal), operational (e.g., turnaround business plan) or financial (e.g., aggregate valuation, financing needs estimation) nature in the case of the sale or acquisition of an underperforming asset
• Working alongside the buyer or the seller to anticipate all difficulties upstream of the transaction