Business Restructuring Services (BRS)

Maximise your options. Be prepared for the unknown.

We work alongside businesses to negotiate great outcomes at speed, finding the optimal solution to financial and operational challenges by reducing risk and protecting value where time and cash are tight.

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Quick and viable actions. 

When in a crisis, smart decisions and quick actions need to be taken. Whether you are looking to manage your working capital, restructure your business or realise value for your creditors, our team of experts will be there to help you unlock liquidity and support you across the whole restructuring lifecycle with years of professional experience in dealing with the situational dynamics that a financially challenged business and its financial stakeholders may face.

 

Our Business Restructuring Services capabilities run across the restructuring life cycle

Financial Restructuring

Assisting stakeholders in assessing options, negotiating and implementing a financial restructuring.

We are the market leading financial restructuring practice in the Middle East. We advise lenders, borrowers, directors and shareholders and have acted on some of the largest restructuring cases in the Middle East and internationally.

We deliver a full suite of financial restructuring services to our clients, including:

  • Financial advisory
  • Independent business reviews
  • Short term cash flow reviews
  • Contingency planning and implementation

Operational Restructuring

Providing hands on support to organisations, helping them plan and execute their rapid cost reduction, PMO and operational turnaround ambitions.

Operational restructuring creates breathing space for businesses – we protect margins in the short term, giving management time to make structural changes to turnaround performance. Our approach is:

  • Objective - we give business leaders the transparency and clarity to make the hard decisions 
  • Holistic - we look at the whole organisation and challenge what you do and how you do it
  • Smart - we bring insights from a range of sectors to help you optimise operational performance in different ways
  • Fast - we help make immediate savings, paving the way for longer term results

 

Working Capital Management

Assisting both government and private entities in cash/liquidity management, active working capital management and unlocking trapped cash.

We are the largest dedicated Middle East Working Capital Management team. Our team consists of industry practitioners and functional experts in logistics, supply chain management, finance, engineering, sales and marketing with significant experience across sectors e.g. energy, healthcare, retail, distribution and construction.

We support our clients in reviewing their working capital position, future strategy and governance to enable them to set the right operational targets and unlock working capital through effective management.

Short term cash flow forecasting and cash management

Our cash management service supports clients to forecast and manage cash robustly in situations of stress and distress.

Our methodology and ability to deploy experienced teams alongside management, helps our clients in maximising internally generated cash, and often supports our clients in obtaining new money facilities from lenders.

Our 3 step approach to managing cash:

  1. Rapidly understand the current financial position
  2. Take action to protect the position
  3. Manage internal and external stakeholders

Debt and Capital Advisory

Tailoring financial solutions for corporates by defining the optimal financing strategy and then raising funds – running from idea to cash in the banks.

Our Debt and Capital Advisory service spans the entire lifecycle from concept to implementation. In short, we support businesses to get the financing they need to achieve their ambitions. We not only advise on the structure and balance of financing requirements but also help raise money in the most efficient and cost-effective manner. Our independence from the funding source allows us to provide impartial, independent and practical advice. We also run competitive processes ensuring the best results for our clients without consideration for any follow-on distribution.

We nurture broad and strong relationships with financiers to help get the best deals for our clients. Knowing the right people and at the right levels enables us to unlock bottlenecks and promise seamless execution.

We have advised borrowers in the Middle East on financing solutions for purposes of acquisitions, driving growth, working capital and dividend recapitalisation.

Insolvency and court appointed financial re-organisations

PwC has local and international experience in applying bankruptcy laws to resolve complex restructurings and insolvencies.

  • We are official liquidators for Abraaj Holdings, the Middle East's largest Private Equity collapse
  • PwC was involved in the ground-breaking Decree 57 and acted as Nominee in Dubai for the two critical Drydocks companies in 2012
  • PwC was engaged by Dubai World to plan and prepare for a Decree 57 filing for 5 Group companies in 2014. Although the formal implementation was not ultimately required, all preparation and pre-filing statutory steps were completed
  • PwC performed the necessary liquidity reviews and entity priority/financial outcome statement analysis to support the Nominees’ witness statements
  • Acted as the liquidators on the first two trading insolvencies in Dubai Multi Commodities Centre (DMCC)

Optimised Exits

Maximising and protecting value through hands-on wind down or turnaround and divestment of underperforming or non-core portfolio assets.

Uncertainties in the region have triggered businesses to seek new capabilities and reframe existing mindsets. Companies have an opportunity to critically assess current business position and rethink their long term business strategy.

Companies should be taking the following actions:

  • Review portfolios, identify underperforming divisions or subsidiaries
  • Focus on realising “real” value from the portfolio assets
  • Develop an action plan to address underperformance, improve profitability and unlock liquidity
  • Make hard decisions to implement this action plan

We provide hands on support to assist companies plan for and implement exits (partial and full).

This can include anything ranging from: 

  • Accelerated M&A 
  • Operational wind down 
  • Partial wind down 
  • Liquidation

 

Act now to recover

Taking actions sooner than later helps us help you maximise your options on the road to business recovery. 

The journey to business recovery is not likely to be smooth nor easy. Businesses need to be in the best possible shape for the journey.

To take back control of your business and its fate and drive success through a strong recovery, you need to focus on these four critical areas before anything else; Operational Restructuring, Cash Optimisation, Financial Restructuring and Strategic M&A Mechanisms.

Take action sooner than later. Act now to recover.

#Actnowtorecover

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Contact us

Mo Farzadi

Mo Farzadi

Business Restructuring Services Leader, PwC Middle East

Tel: +971 4 304 3228

Peter Mayrs

Peter Mayrs

Partner, Business Restructuring Services, PwC Middle East

Tel: +971 4 304 3100

Anthony Manton

Anthony Manton

Partner, Business Restructuring Services, PwC Middle East

Tel: +971 04 304 3100

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