Benchmarking & Restructuring
Construction and review of business plan/financial plans
- Identification of KPIs specific to the studied activities
- Determination of historical and projected trends during BP years
- Analysis of the activity’s seasonality
- Detailed analysis of the action plans/restructuring measures: timing and budget
- Cash flow projection based on the operating, investing and financing hypotheses selected
Independent Business Reviews (IBRs)
- Review of a company’s business model and competitive positioning
- Benchmarking of Key Ratio vs the industry, vs competitors
- Review of a company’s financial position as part of debt refinancing for profitable activities (review of loss-making activities carried out by the Restructuring team)
- Review of business plans and forecast cash flows
- Modeling of the impact of refinancing on cash flows and bank covenants
Opportunities for acquisitions of impaired targets
- Acquisition due diligence in time of crisis
- Detailed work on net debt adjustments, including factoring in of delays, moratoria, and bank authorization overruns
- Determination of the total cash requirement related to takeover (acquisition price + financing of turnaround)
- Assistance with project documentation for presentation to the various stakeholders: creditors, court, judicial representative, judicial administrator, liquidator, works council, etc.
Reorganization of activities (disposal,
spin-offs, cessation of trading)
- Determination of funding requirements related to restructuring and turnaround
- Preparation of financial elements supporting the search for new funding
- In the event of a group spin-off, work on substitution of the group’s financing by means of bank financing
- Preparation of a Q&A list with prospective buyers/employee representative bodies
- If necessary, assistance with negotiations on the price (positive or negative)