Restructuring and Turnaround
Contract Manager has extensive experience in managing industrial and financial restructuring situations and can effectively support the company in developing and managing the project. We successfully tackle Restructuring and Turnaround projects, thanks to our multifunctional teams, led by experienced Senior Partners.
The restructuring projects in which we are involved frequently require industrial restructuring and must be addressed by multifunctional teams that include diverse skills, which you will all find within our Teams
Sector Expertise
Companies undergoing restructuring often show significant performance gaps, compared to their best competitors. The key to a successful intervention is identifying these gaps and implementing the necessary changes.
Industrial Reorganization Expertise
The turnaround process always involves structural organizational changes whose implementation requires the temporary involvement of resources with specific trade union management skills.
Financial Restructuring Expertise
Often, industrial restructuring is accompanied by financial restructuring. In this case, it is advisable to bring in resources that have already experienced this situation, gaining experience in:
- Managing liquidity tension.
- Establish a positive relationship with creditors (suppliers, banks, tax agencies, etc.) in crisis situations.
- Building working knowledge of crisis management tools and insolvency procedures.
The Partners specialized in restructuring have gained extensive management experience in situations of financial stress and have certified professional knowledge of legal instruments (art. 67, 182 bis, composition with creditors, negotiated settlement, etc.).
For the Negotiated Settlement agreements, Contract Manager can offer independent parties with adequate competence to be responsible for the recovery process (Chief Restructuring Officer – CRO). The appointment of these parties is highly recommended for the credibility of the Recovery Plan and when repayments are foreseen for the benefit of creditors, conditioned to the achievement of income or financial results (earn out).
Over time, trust relationships have been built with professional investors, focused on turnaround situations, who are available to evaluate an investment in projects managed by Contract Manager and its partners.
