Diagnostic
Assessment of debt load, liquidity, cash flow, covenants and the existing financing structure. Identification of the root causes of financial stress and the available restructuring space.
SPECIAL SITUATIONS
FINANCIAL RESTRUCTURING
Develop a restructuring plan — before the situation becomes a default
We help owners and shareholders of companies with distressed debt determine a sustainable debt-service capacity, prepare a restructuring plan that will withstand bank scrutiny, and agree realistic financing terms — before the situation becomes unmanageable.
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HOW WE CAN HELP
Financial Modelling & Scenario Analysis
Integrated financial model and analysis of the company's ability to service debt under different operating and financial scenarios. Assessment of restructuring options and their impact on the company, shareholders and creditors.
Restructuring Structure Development
Preparation and comparison of solutions, including: revised repayment schedule, grace period, interest capitalisation, additional financing, investment, revised security structure, refinancing, debt conversion and other restructuring instruments.
Negotiations with Banks and Creditors
Preparation of the company's financial position and negotiation materials; support through negotiations with banks, creditors and other stakeholders.
Credit Committee Materials
Financial model, restructuring proposal and supporting analysis for credit committee review; development of the rationale for the proposed structure and support through the approval process.
Implementation Support
Support after agreement in principle is reached: finalising financial parameters, monitoring compliance with agreed terms, and coordinating with legal and other advisors.
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EXPERTISE FROM BOTH SIDES OF THE TABLE
Most advisors have only seen restructuring from one side of the table. We have worked both as the lender, evaluating a borrower's proposal at credit committee, and as the advisor preparing that proposal for defence — giving us a working understanding of what actually gets through a bank's credit committee, not just what looks correct in theory.
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SELECTED EXPERIENCE
Construction Materials Complex — ~USD 123 million
Financing & Debt RestructuringPrepared and defended the original credit application financing a greenfield construction-materials complex, then monitored the credit through the construction phase.
The project fell approximately six months behind schedule and exceeded its CAPEX budget, eliminating its ability to service debt from operating cash flow. On the lender's side, evaluated and defended the borrower's restructuring proposal, which included a deferral of interest payments and a requirement for additional shareholder equity.
Cement Plant — ~USD 475 million
Debt RestructuringMonitored the borrower's financial and operating performance, developed restructuring solutions, supported negotiations on revised financing terms, and participated in the search for a strategic investor.
AAC (Aerated Concrete) Group — ~USD 91 million
Comprehensive Restructuring & Debt ConversionSupported restructuring and turnaround planning, including a debt-to-equity conversion.
Pharmaceutical Manufacturer — ~USD 114 million
Debt Conversion / M&ABusiness valuation and development of a debt-to-equity conversion structure as part of the restructuring of a manufacturing company's debt.
Cement Plant — ~USD 159 million
Intra-group RefinancingMulti-lender refinancing, including a cash sweep mechanism and enhanced lender controls.
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HOW WE WORK
01 — Diagnose
Rapid diagnostic of financial position, debt, liquidity and key issues.
02 — Model
Financial model and scenario analysis to identify available solutions.
03 — Structure
Development of restructuring terms and the negotiating position.
04 — Negotiate
Preparation and support through negotiations with creditors and banks.
05 — Execute
Support through agreement and implementation of the chosen structure.
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WHEN TO REACH OUT
The earlier the work on restructuring begins, the more options remain available.
You don't need to wait for a formal default. We step in when a company:
- expects a liquidity shortfall;
- risks breaching financial covenants;
- will be unable to meet upcoming debt payments;
- has experienced a significant CAPEX overrun;
- needs additional financing;
- is engaged in difficult negotiations with banks;
- is considering refinancing or a change to its debt structure.
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REQUEST A RESTRUCTURING READINESS ASSESSMENT
If your company is facing financial stress, we can carry out an initial diagnostic and identify the options available to you.
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