Our process considers both financial and operational restructuring. The objective of each restructuring and turnaround engagement:
maximize value for stakeholders through process improvement, management restructuring, improved information quality, strategic planning and tactical planning. Whether initiated by the company, a lender or other stakeholder, we take all stakeholders’ needs and expectations into account. In addition to secured creditors and owners, the needs and expectations of employees, unsecured creditors, customers, and the local communities, are considered in this process of assessment, recommendation and implementation.
Communication is critical to the success of each engagement. We therefore regularly interface with each stakeholder (or stakeholder group) through the duration of the process. In addition, we educate our clients about their options, and assist them with implementing their decisions. We understand that this process occurs under a great deal of stress, and can lead to conflict amongst stakeholders as they attempt to protect themselves. Our process works to align the interests of the stakeholders, in order to minimize such conflicts.
