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Contact us to discuss how MVCA can partner with your investment team to optimize value in complex financial situations.
Real solutions to real issues that arise as part of the normal investment process.
Understandably, many investment managers find that meeting their clients’ needs for restructuring expertise through the cycle is quite challenging.
Too many in-house resources results in underutilization of highly specialized (and highly paid) restructuring professionals during cyclical peaks/upturns;
Too few resources, especially during sector meltdowns/cyclical downturns, exposes investment managers to a number of risks including: increased write-downs, higher credit losses, and missed upside from not actively participating in workout situations.
The cost of having too many or too few in-house restructuring resources through the cycle can be quite high.
Investment managers are often reluctant to permit employees to participate in potentially productive private negotiations owing to a number of issues associated with information flow.
Prospects for a successful restructuring decrease when seasoned restructuring professionals are excluded from active participation in private negotiations.
Internal tension and/or conflicts often arise when utilizing in-house restructuring personnel.
Internal circumstances (i.e. tension, conflicts, political sensitivities, the “blame game,” etc.) that delay or hinder the involvement of restructuring professionals in an active restructuring process can have an adverse effect on recoveries/outcomes.
Early detection/screening
Monitoring of “stressed” positions
Cash flow/liquidity analysis
Capital structure review and analysis
Scenario/recovery analysis
Covenant amendment and workout analysis
Business review of transaction documents
International insolvency guidance
Ad hoc committee representation
Official bankruptcy committee representation
Liquidating Trust Advisory Board representation
Distressed/reorganized company board representation
Special situations (e.g. analyze/defend coercive exchange offers)
Contact us to discuss how MVCA can partner with your investment team to optimize value in complex financial situations.