Working in cooperation with Dentons, we provide you with dedicated assistance in all financial and accounting matters linked with the restructuring phase of your company. We offer the following services:
Financial restructuring concepts
We provide independent advice on the development of your financial restructuring concepts. If needed, we develop these for you in their entirety. We assess the company’s ability to implement a financial restructuring concept and determine the necessary measures needed to achieve the desired result.
Dentons GmbH supports potential investors (e.g. banks, associated companies, employees, shareholders) when they are deciding whether or not to provide companies in crisis with further funds. In addition to the determination of the causes of the current crisis, we analyze existing financial restructuring concepts with you. Our team will consider the solutions available and develop them into feasibility projects. We aim to minimize, as far as possible, the risk of the investment planned by you and your company.
Restructuring financial controlling and reporting
To guarantee the success of a financial restructuring concept, thorough financial controlling is essential. Therefore, we will support you in the implementation of the financial restructuring measures you choose. In the interest of investors or principal creditors, we implement continuous reporting on the entire project, including for example, on financial restructuring measures.
Monitoring of financial restructuring (debt advisory)
In connection with company restructuring, analyzing and optimizing the existing financial structures of the company are of great importance. We monitor the consultations on the necessary financial restructuring and develop, in this respect, optimal financial structuring. This includes negotiations concerning bridging loans or loans for remedial actions, bank pool negotiations, conversion of debts to equity (debt-equity swaps), mezzanine money, etc. We cooperate and work closely with Dentons’ offices worldwide.
Monitoring and administration of securities in favor of creditors; assumption of trusteeships
In the framework of restructuring companies, we assume the administration for securities in favor of creditors. As trustees we also assume the function of shareholders for creditors.
Drawing up and examining insolvency plans
Whenever you need support in such cases, we will draw up insolvency plans or examine these for their correctness and plausibility. The sound ascertainment of a positive going concern prognosis according to the legal principles for insolvency, as well as comparative analysis in relation to the normal development of insolvency proceedings, forms the appropriate basis here.
The acquisition and the sale of distressed companies can be very attractive to third parties under certain circumstances. This kind of activity, however, requires extremely sound prior advice and analysis to identify and minimize the often much higher—and in part hidden—risks which accompany the purchase or sale of distressed companies.
For our other services in connection with transactions see our corporate finance/services.