Turnaround & Restructuring

Even top-performing companies eventually face stressed or distressed operational challenges, either as a result of an economic downturn or a one-off, external disruptive event. Whether businesses have anticipated the business disruption or are unprepared for it, our senior professionals apply their experience and expertise to help develop innovative strategies and solutions and deliver exemplary executions. We are seasoned restructuring professionals who have been involved in leading some of the largest domestic and cross-border turnarounds in the past several decades. In such engagements, our team develops lasting partnerships and trusting relationships with sponsors, boards of directors and senior management teams. Clients rely on us for a broad array of services.

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Creditors of distressed companies often need external support and advice to resolve their issues. No matter what the situation or which parties are involved, you need a trusted, experienced partner that understands the situation. Our goal is to preserve value and maximise recoveries for creditors. We leverage our extensive expertise and decades of industry experience to provide critical analysis and viable strategic alternatives to deliver optimal outcomes for our clients, whether they are secured or unsecured creditors.

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Chief Financial Officers (“CFOs”) in every geography and industry are facing increased challenges and demands from boards of directors, stakeholders, and other internal and external sources. To be successful, financial management must deliver on these new demands and drive enterprise value, as well as meet traditional finance responsibilities.

Our dedicated team of cross-border, senior finance professionals provide CFOs and finance leaders with strategy development, performance solutions and operations support. Our solutions focus on delivering impactful results, from strategy and diagnostics to implementation and interim management.

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Insolvency is an option no company wants to consider. Unfortunately, turbulent market conditions and persistent economic challenges are forcing more companies to take this course of action. Our market leading insolvency practitioners support companies, boards of directors, investors, lenders, creditors and other stakeholders to navigate this moment of crisis and overcome the associated complex challenges.

Our experts help clients through corporate distress and challenging insolvencies, delivering hands-on and innovative solutions to maximise recoveries. We collaborate with other FTI Consulting experts, from tax experts to forensic and technology experts, alongside our sector experts to bring the right skills and experience to the situation.

We provide contingency planning and options analysis to stakeholders, supporting directors in navigating fiduciary duties whilst protecting stakeholder value. By taking formal officeholder appointments as required, we can deliver carve outs, pre-packaged sales, trading administrations and asset liquidation strategies to maximise realisations for creditors. In relation to Restructuring Plans and Schemes of Arrangements, our experts regularly act as plan advisors or provide expert witness testimony to support Relevant Alternative and Comparator analysis.

Maintaining momentum is critical when senior leadership transitions occur, whether as an outcome of new business challenges, opportunities or executive turnover. The performance of the business and the interests of boards, customers, employees and other stakeholders must all be managed effectively. For decades, our professionals have joined the management teams of global companies on an interim basis to help them achieve fundamental change. Since we’ve sat on both sides of the table — as C-level executives ourselves, and in supporting our clients as advisors — we’re uniquely equipped to fill the full range of senior management and functional leadership roles.

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When faced with significant financial distress and looming creditor payments, rescue and recovery options which improve cash flow, avoid insolvency and maintain business continuity are critical. Restructuring Plans and Schemes of Arrangement can provide a path forward in times of crisis, providing an implementation tool that can be used in a wide variety of restructuring situations.

Our team has extensive experience in Restructuring Plans and Schemes of Arrangement from all angles including the debtor company, supportive lenders, challenging lenders and in preparation of independent expert evidence. We have experience in supporting our clients in utilising these implementation tools across the restructuring spectrum, through large, complex and cross-border matters and in UK domestic situations compromising lease claims and other non-financial creditors.

We prepare robust independent evidence on the Relevant Alternative and Comparator to the proposed restructuring as well as associated valuation evidence. Our team has significant cross-examination experience and our evidence can withstand challenge.

Organisations face formidable challenges when implementing a restructuring, with many including commercial or international disputes involving boards of directors, creditors, investors and more. Independent valuation opinions, expert testimony and damages calculations can be vital to successfully implementing a plan or resolving a dispute.

We have a comprehensive valuation offering and have significant experience in providing valuation advice in restructuring contexts. Valuation opinions can be used to support a range of restructuring solutions, including Restructuring Plans, Schemes of Arrangements, share appropriations and enforcements, to support transactions and within accounting, tax and dispute contexts.

Disputes often require testimony before international courts and arbitration tribunals. When many of the world’s top law firms, corporates and capital market constituents face litigation and disputes, they look to us for as independent, trusted experts.

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