Restructuring/Turnaround Services

The restructuring and turnaround experts at FTI Consulting help management stabilise finances and operations to reassure creditors that proactive steps are being taken to enhance value. Our vast expertise across many industries allows us to quickly ascertain the key issues and to react immediately on behalf of our clients. For clients in crisis, the team develops liquidity forecasts, improves cash flow management, obtains additional financing, negotiates loan covenant waivers and guides complex debt restructuring. We also provide analytical and advisory services to lenders and unsecured creditors of distressed borrowers.

Company Services

The company services team advises clients on liquidity management, contingency planning, financial projections, asset sales and working capital initiatives.  We help develop and implement turnaround plans to address operational and financial issues, either in an advisory capacity or as interim management. In all cases, our experts leverage the credibility that FTI Consulting has earned with key creditor constituencies.

Creditor Rights

The creditor rights team maximises recovery for unsecured creditors.  We monitor short-term liquidity, operations and the business plan and assist in developing the plan of reorganisation.  We also assess the value of the assets and of the enterprise and can aid in the sale of divisions or the entire company.

Lender Services

Lender services experts assess the key areas of lender concern, including the distressed company’s current operating environment, liquidity position and business plan.  

Our full range of client services includes:

  • Reviewing and sensitising cash flow and business plan projections
  • Reviewing due diligence, analysing collateral and monitoring portfolios
  • Assisting in credit-crisis situations and suggesting troubled-credit alternatives
  • Supporting securitisations and providing back-up management services

Monitoring Services

For companies that are planning or already have completed a transaction or have a market position that substantially lessens competition, FTI Consulting can act as monitoring trustee. When a competition authority’s investigation requires parties to maintain the two businesses as viable, stand-alone businesses pending the outcome of the investigation, we can provide the monitoring authority and, in some circumstances, manage required divestitures.

Restructuring Tax Advisory

Our restructuring specialists develop pragmatic, workable solutions to clients’ tax issues arising from restructurings and reorganisations. Our team is at the centre of any transaction, particularly where divestments are included in a restructuring plan, ensuring a tax-efficient execution of the plan and ongoing tax efficiency of the remaining business.

Our tax restructuring services include:

  • Identifying cash opportunities; for example, identifying and expediting tax refunds
  • Structuring transactions for maximum tax efficiency, including debt-for-equity swaps and pre-pack administrations
  • Preserving tax attributes

As part of a fully integrated service, the tax services team works alongside the restructuring specialists within the corporate finance segment to ensure seamless delivery of advice, particularly where refinancing and structural change are involved. Please see Tax Advisory for further information.

Valuation

The FTI Consulting valuation group provides banks, other senior and junior debt providers and corporates with valuation analysis and opinions in a range of restructuring contexts. These include; valuation analysis for lenders to support restructuring negotiations, valuations for Insolvency Practitioners to support pre-packaged administrations and valuation opinions for security agents to support share pledge enforcements or schemes of arrangement as well as expert witness reports. We have deep experience of the practical issues involved with valuing leveraged, stressed and distressed companies.

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