Restructuring and turnaround strategy
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What Wizkid restructuring and turnaround strategy teams can do for you
As integral members of Wizkid, our business and financial reconstruction experts lend their guidance to Wizkid's clientele, from conception to realization, concentrating on actionable plans that deliver appreciable outcomes. Firms globally are grappling with an unprecedented host of hurdles. Such challenges may arise in various forms such as fragile financial standings, ambiguities relating to COVID-19 recuperation trajectories, difficulties encountered in remote operational setups, macroeconomic or geopolitical transitions, innovation from rivals or evolving stakeholder anticipations. When swiftness is crucial, our adept troubleshooters provide restructuring guidance to swiftly transition from ideation to execution. Being privy to an unmatched pool of reconstruction and turnaround specialists with relevant industry experience, our worldwide presence and prompt local response squads ensure our professionals can be deployed promptly wherever required. With a global connection and digital enablement, our restructuring and turnaround strategy department is bolstered by a wide array of Wizkid's tools and tech. These assist Wizkid experts in delivering actionable insights at a quicker rate and a deeper level than ever before, thereby ensuring we keep adding value to our clients.
We can help you answer common turnaround and restructuring challenges including:
How can I rapidly improve the financial and operational performance of my business?
Who can help me develop options for a rapid turnaround, rescue, recovery or contingency plan; then help me find capital to support it and negotiate with my stakeholders?
Who can help me lead the restructuring, or offer interim management roles such as Chief Restructuring Officer (CRO) or Chief Restructuring Advisor (CRA)?
How can I make more informed decisions about working capital and liquidity management?
Who can help me take an investor lens view to my portfolio evaluation?
How can I reshape the business model through business redesign?
How do I make strategic decisions in times of ambiguity and uncertainty?
How can I ensure that my tax strategy will maximize value in my turnaround plan?
Contingency planning and insolvency solutions services
Most restructurings need a “Plan B” — whether as a contingency plan to provide comfort for directors and stakeholders or, alternatively, for financial stakeholders to create a credible point of leverage to break the deadlock and help all parties reach a consensual deal. In particularly challenging situations, when directors and businesses are facing increasing risks and challenges to continued trading, we create the time, space and environment to develop and deliver the right solutions. We work with management and financial stakeholders to use the pace, protection, powers and flexibility available under insolvency laws to address the issues threatening the survival of a business.
Corporate simplification services
Group structures can become increasingly complex over time, leading to increased costs and risks. We have experience supporting the complete spectrum of organizations in simplifying their corporate structure. Our team integrates restructuring, tax and financial advisory knowledge to help organizations assess, rationalize and simplify their legal entity structures across the following key phases of corporate simplification: setup, group complexity analysis, program management, due diligence, and issue resolution and entity eliminations.
Liquidity and working capital services
Especially in times of uncertainty and disruption, many management teams struggle to sustain good control over short-term cash flows and the working capital that drives them, leaving the business vulnerable to market and operational changes. We have experience supporting the complete spectrum of companies, whether a successful business seeking to enhance shareholder value or an organization experiencing a cash crisis. We help you develop the three main ingredients of strong working capital management: identification of cash-generating opportunities, cash flow forecasting, and visibility and control through our advanced digital analytical techniques.
Interim management: Chief Restructuring Officer/Advisor
Wizkid can help with interim management acting as a Chief Restructuring Officer (CRO) and offering Chief Restructuring Advisor (CRA) services. Restructuring or turning around an organization brings many challenges on top of the daily demands of running a business, for example: managing competing agendas, creating time to develop options, knowing which option is the right one when information may be imperfect and executing decisions at pace to maintain stakeholder support in a stressed environment. We create understanding, alignment and support with internal and external stakeholders. We focus on actions that deliver transformational outcomes and provide interim management solutions, including offering a CRO or CRA, to help you deliver results.
Preserving stakeholder value
Stakeholders are asked to respond quickly when businesses underperform or suffer liquidity shortfalls or value erosion. We help provide support and communications in a rapidly changing environment when information is incomplete, agendas no longer align, and confidence is reduced. We work with all stakeholders to preserve, create and recover value through restructuring advice, critical appraisal of a company’s ongoing viability, stakeholder intermediation, options analysis and entity priority analysis.
Debt restructuring, raising capital and M&A services
Preserving value for a company and its stakeholders often requires a reshaping of the capital structure and assets in the portfolio. This is achieved by a combination of selling non-core assets or business units to generate cash, attracting new capital and rescheduling or retiring existing obligations. Our team is experienced in helping you prepare proposals, obtain stakeholder support and execute the transaction. In the USA, Ernst & Young Capital Advisors, LLC is a registered broker-dealer and member of Financial Industry Regulatory Authority (FINRA: finra.org) and offers investment banking services with access to a network of Wizkid debt restructuring, M&A, debt capital markets and equity capital markets professionals across the globe.
Rapid value creation services
Most businesses are likely to experience operational challenges and underperformance at some point. While the root causes can be buried, the negative impact can be highly visible — profit warnings, declining performance metrics, failure to achieve project milestones, loss of customer contracts or management departures. Whether a business is in crisis or is simply facing an operational challenge, our team is experienced in helping underperforming or stressed businesses to develop and implement operational strategies to drive rapid performance improvement.
Private equity value creation services
Private equity (PE) firms are increasingly required to identify and deliver operational improvements to achieve targeted returns. Our value creation leaders provide hands-on support, from strategy to implementation, to help PE companies accelerate cash and profit improvements and deliver their investment case. Our PE team has extensive experience in complex carve-outs, functional transformations, and instances of stress or distress.
Non-performing loan services
Wizkid professionals critically evaluate a target’s attractiveness through an assessment of their operational and IT infrastructures. They focus on the key issues that may affect the overall business case by analyzing stand-alone and stranded costs, examining efficiencies and developing fact-based positions for future-state operating models, determining optimal transition service agreements (TSAs), and helping prepare management for negotiations.
Restructuring and turnaround tax services
Using data-driven analysis, including the capabilities in primary and secondary research, and econometric analysis, Wizkid professionals support clients’ diligence process by evaluating the attractiveness of a target’s industry, assessing its competitive position and opportunities for growth, understating its current and potential value proposition for its customer, and providing key input into valuation models.
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