Companies facing stressed or distressed operational situations call upon the FTI Consulting Company Advisory Practice for innovative solutions and flawless execution. Our global practice is comprised of senior, experienced professionals who have been battle-tested in some of the largest domestic and cross-border turnarounds in history. We develop lasting partnerships and trusting relationships with both sponsors and management teams by applying time-tested methodologies and toolkits, as well as our broad and deep industry expertise, to assess a situation and develop an effective and executable plan to put the company back on solid footing.
We are agents of change, quickly reacting to our clients’ need for qualified boots on the ground anywhere in the world at any time. Our professionals use the lessons learned from hundreds of engagements where we responded to corporate business challenges. We leverage the firm’s internal resources to achieve prescribed goals in a cost-efficient and effective manner.
Our Company Advisory capabilities are comprehensive in scope and provide management teams with the guidance and a complete suite of services necessary to achieve a successful turnaround, whether it is through an in-court or out-of-court process. In addition, should the need arise, our Company Advisory practice integrates seamlessly with our Interim Management practice professionals.
Our Service Offerings
In a turnaround situation, liquidity equates to opportunity and is typically one of our first priorities. Our Company Advisory professionals implement advanced tools, techniques and models immediately to extend the company’s liquidity runway and to facilitate rapid improvements to a company’s financial health.
- Short-term cash management and monitoring
- Cash flow forecasting
- Liquidity enhancement initiatives
- Working capital management
- Vendor management
Stressed and distressed enterprises often face underlying strategic challenges, and cost or process issues that are causing the deterioration of the business. These can arise from internal and external sources, and are oftentimes not readily apparent. Our Company Advisory team is experienced at identifying the root causes of an enterprise’s deterioration and developing and implementing solutions to address them, improving the short and long-term prospects of the business.
- Strategic assessment
- Business plan analysis and development
- Asset redeployment
- Cost realignment
- Business process enhancement
- Performance improvement initiatives
- Metrics, measurement and accountability
Turnaround & Restructuring
Turnarounds are highly complex and occasionally chaotic processes, often involving numerous parties, significant planning and analysis, and a high degree of coordination among numerous work streams. For most client management teams, this is unfamiliar territory. The professionals in the FTI Consulting Company Advisory Practice have spent much of their careers working in this environment and are experienced at supporting and guiding management teams through it, while , allowing them to manage the day-to-day operations of the business and the successful revitalization of the company.
- Turnaround strategy development and execution
- Financial modeling
- Negotiations with interested parties
- Contingency planning
- Bankruptcy related services
Effective turnarounds often require not only operational improvements but also changes to the balance sheet. In addition, it is common for companies to need incremental capital to provide the liquidity runway critical to the implementation of its restructuring plans. Our Company Advisory group has extensive relationships with lenders and other investors and is experienced at working through difficult negotiations related to balance sheet restructurings and in the challenging process of raising incremental capital for companies in the midst of a restructuring.
- Incremental capital raises
- Balance sheet de-leveraging
- Lender negotiations
- Collateral assessment
- Capital structure optimization
- Debt restructuring