Financial Restructuring & Consensual Turnaround
Amicable treatment of companies in financial difficulty
This practice brings together the engagements intended for companies facing a deterioration in their financial structure or imminent liquidity pressure. All our work is conducted on an exclusively amicable basis, outside any judicial procedure, with full respect for the parties’ confidentiality. The human dimension — supporting the director — is built into the technical arrangement as a matter of course.
Service · 11
Financial Diagnosis & Debt Calibration
Balance-sheet analysis (3–5 years), sustainable debt level, cash projections, support for the director.
- 01 In-depth analysis of the financial statements over 3 to 5 financial years: balance-sheet structure, working capital requirement, net cash position.
- 02 Debt sizing: determining the maximum sustainable debt level against operating cash flows and normalised profitability.
- 03 Quantification of excess debt and modelling of turnaround scenarios.
- 04 Cash projections, and the introduction of strict cash preservation discipline.
- 05 Managerial support for the director: decision support and management of operational pressure.
Service · 12
Bank Mediation & Multi-Creditor Negotiation
Negotiation of standstill agreements, rescheduling of maturities, partial debt write-offs (haircuts), DGI/CNSS waivers.
- 01 Securing moratorium and standstill agreements with banking syndicates, amicably and confidentially.
- 02 Renegotiation of borrowing terms: extended maturities, rescheduled instalments, grace periods and rate reductions.
- 03 Securing negotiated partial debt write-offs (haircuts).
- 04 Liaison with the DGI and the CNSS for rescheduling plans and penalty waivers.
Service · 13
Balance-Sheet Restructuring & Capital Engineering
Capital increases, conversion of shareholder current accounts, debt-to-equity swaps, shareholders’ agreements in turnaround.
- 01 Financial valuation of the company and modelling of the equity required to restore balance-sheet strength.
- 02 Management of capital increases in cash or in kind, and conversion of shareholder current accounts into capital.
- 03 Introduction of quasi-equity instruments and conversion of debt into capital (debt-to-equity swap).
- 04 Structuring of shareholders’ agreements in a turnaround context.