Restructuring

VK is a trusted, proven source for corporate restructuring services. The depth and breadth of our expertise has preserved or increased enterprise value for a wide variety of clients.

Our mix of knowledge and experience enables us to deliver rapid, effective and value-maximizing solutions to the complex challenges facing distressed companies. Our goal is to restore a business to profitability. If it becomes necessary to focus on recovery, we will guide our client through a refinancing, sale, orderly liquidation or bankruptcy process. Our services include:

• Liquidity Crisis Management
• Cost Restructuring
• Debt Restructuring
• Refinancing and Recapitalization
• Revenue Rationalization
• Viability Assessment

Capabilities

Understanding the financial picture

Our first step is to develop a clear, accurate picture of our client’s financial status. This comprehensive analysis defines your current position and serves as the starting point for the development of a recovery strategy. We then outline a specific action plan to gain the cooperation of lenders, suppliers and customers, and move you toward sustained profitability.

Controlling cash flow

VK’s action plan includes helping our client managing cash and line of credit availability. Working with management and ownership, we will review and improve cash flow by renegotiating unfavorable contracts and redefining relationships. We work with our client’s key customers, vendors, and creditors throughout the process to protect the resources and contracts necessary for continued operations, while migrating to sustainable profitability.

Working with lenders

Our established relationships within the lender community enable us to be your powerful advocate. Many of our clients retain a relationship with their original lender post-recovery. In cases where capital must be raised, we call on close associations with local, regional, national, and international funding sources.

Using the best tools

VK brings a broad tool set to the job, and we have the knowledge to choose the right tool and to use it expertly. Many recovery plans can be implemented informally, without coordinating the company’s creditors or other key outside parties; other recovery plans are best implemented using the protections of bankruptcy; yet others may be best executed using a formal out-of-court plan, receivership or trustee arrangement. In many cases, we serve in the role of advisor; in others we function as chief restructuring officer (CRO); in others we serve as interim management.

Maximizing the recovery

In some difficult situations, your goals may not be best served by investing more time, money and energy in the venture. When the only strategy that will maximize your recovery is a managed wind-down, liquidation or a sale of part or all of the business, VK pledges to be diligent in analyzing the solutions, honest in communicating our conclusions, and successful in delivering the highest possible value for our client.

Special situations

Many cases of corporate financial distress include special situations that arise as a result of the difficulties or as a cause of them. VK provides expert assistance such circumstances including fraud investigation, forensic accounting, litigation support, estimation of economic damages, bankruptcy preference actions, troubled supplier management, distressed business acquisition, and distressed business valuation