The Business Recovery Services team is committed to supporting internal and external stakeholders of troubled and seriously under-performing businesses with the aim to overcome financial imbalances, to minimise risks related to the insolvency and to identify the best forms of investment in distressed assets. In this field, PwC is considered the world leading advisor.
All companies, during their life cycle, can go through one or more crisis, which, if not handled properly, could cause a progressive value destruction for shareholders and creditors. In absence of appropriate solutions, each crisis, regardless of its origin, may become irreversible and degenerate into insolvency.
Our Business Recovery Services team is specialised in identifying, negotiating and implementing solutions in order to avoid a crisis and to create revitalising conditions.
PwC offers its services to all parties that are somehow involved in a crisis and that have an interest in creating or protecting the value of their own assets such as: creditors, shareholders, new investors and sponsors.
Potential issues
- Your company is in a difficult financial situation: unexpected pressure on margins and cash flows, possible breach of financing covenants, liquidity problems.
- You are required to understand financial sustainability of the business and the causes of the critical situation.
- You need support in implementing and negotiating the financial restructuring plan.
- You want to sell or buy assets or business in a difficult financial situation or in bankruptcy procedures. You want to invest in distressed assets.
- You need experts in the field of non-performing loans.
Our services include
PwC assists stakeholders and management in elaborating, negotiating and implementing financial restructuring plans, coordinating also with other consultants in the following phases:
- Stabilisation
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analysis of the immediate financial requirements |
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elaboration of emergency cash budgets |
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identification of financial solutions for urgent cash needs |
- Analysis
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of the historical economic-financial trend |
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of indebtness and relations with creditors |
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of the business plan |
- Elaboration
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identification of available options |
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elaboration of the restructuring process |
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presentation of restructuring propositions to creditors |
- Negotiation and implementation
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assistance in the negotiation with parties involved in the restructuring plan |
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assistance in formalising restructuring agreements |
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assistance in agreement implementation |
PwC analyses company perspectives and expresses its opinion on financial sustainability for both internal purposes and as a support to requests to partners and creditors.
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analysis of immediate financial requirements |
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analysis of historical economic-financial trends |
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analysis of indebtness and relations with creditors |
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analysis of the reasonableness of the business plan hypothesis through research, analysis of documentation and interviews |
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verification of the mathematical accurateness of computation and reliability of estimation models |
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simulation of alternative stress-scenarios |
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identification of different available options |
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expression of an independent professional opinion regarding the financial sustainability of the plan |
PwC helps in identifying potential partners/purchasers of companies or assets in a critical financial situation, analysing the scenario, proposing financial and corporate solutions for the deal fulfilment and assisting in the negotiation between investor, target and creditors.
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identification of a target and of an investor |
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situation analysis |
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assistance in the preparation of a business plan |
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valuation, fairness opinion and valuation analysis |
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preparation of the information memorandums for both internal and external usage |
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assistance in operational structuring |
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assistance in negotiation |
The BRS team assists distress creditors and investors in the purchase or disposal of either single non-performing loans or of entire portfolios.
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identification of opportunities, targets and investors |
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loan analysis |
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coordination of due diligence activities |
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elaboration of financial estimation models |
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loan evaluation |
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assistance in operational structuring |
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assistance during negotiations |
In case of legal procedures the BRS team can assist trustees, commissioners and companies with a broad range of services.
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identification of investors for asset disposal or financing of rehabilitation procedures |
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elaboration of economic-financial plans to be certified incompliance with bankruptcy laws (art. 67 and 182 LF) |
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expert opinion in support of rental contracts and company disposal |
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assistance to trustees and administration regarding corporate issues in support of bankruptcy procedures |
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How we can support you
- Assisting in the elaboration, negotiation and development of financial restructuring plans.
- Comprehension of financial necessities and identification of possible solutions for the financial crisis.
- Expressing independent professional opinions regarding the financial sustainability of business plans.
- Assisting in identifying potential partners/acquirers of companies and assets in financial crisis.
- Assisting investors, creditors and other stakeholders in negotiation and structuring assets or distressed business deals.
- Assisting distress creditors and investors in the purchase or disposal of non-performing loans portfolios.
- Providing assistance in bankruptcy procedures.
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