BUSINESS RESTRUCTURING

Every company, regardless of its size, has to adapt to a constantly changing environment. The success or failure of your career to grow and create value will depend on your ability to adapt. The processes of corporate restructuring involve changes, which will be more or less drastic depending on our ability to anticipate.

The need to undertake a restructuring process is usually preceded by a loss of competitive positioning first, and a deterioration in the company's financial structure. The general study of the company includes the general economic situation, the particular one of the sector, its situation with respect to its competitors, the situation of competitiveness of its products, the weaknesses of the company, and the problem that has increased with respect to the situation of the crisis.

With this study, we know all the procedures, suppliers, workers, business structure, business divisions, even company clients. It is a fundamental knowledge to propose realistic solutions:

• A master plan of the company to get out of the crisis. In this plan we define very short-term strategies (from 1 to 3 months), short-term (from 3 to 12 months) and medium-term (from 1 to 3 years).
• Balance points are established. The lines of business that remain and those that for survival of the company will have to be eliminated.
• The personnel that we need rigorously and also must be the most qualified.
• Condition the activity of the company to the financial possibilities.
• Establish a payment and collection policy (treasury forecast).
• Based on the business lines, a business plan is designed.
• As soon as the address and size of the company are clear, a short, medium and long term investment plan is proposed

Cost reduction - efficiency

This process is carried out quite frequently in times of crisis. We offer a cost reduction service, consisting of:

• Analysis of all the productive processes of the company.
• Analysis of similar products of the competition.
• Prepare report of actions to improve competitiveness and execution times.
• Action plan on the main operational levers that affect the EBITDA of the company (strategy and competence, organization, management team, processes, product, customers and suppliers).

Restructuring

Preparation of restructuring plans. Design of feasibility plans.

• Study of alternative scenarios and restructuring options.
• Interim executives to support the implementation of the plan or its implementation.

Management of Working Capital and Treasury

• Optimization of the internal circuits of "revenue-collections / purchases-logistics-payments". Cash generation according to business models. Purchase operations with a high degree of leverage.
• Interim and efficient treasury management to save time in times of crisis.
• Determination of treasury needs in the short and medium term.

Refinancing

• Preparation of feasibility plans focused on cash flow.
• Strategic planning of alternatives to financial institutions.
• Negotiation with credit institutions.
• Search for alternative financing: Restructuring Funds, Private investment.

Advice in insolvency situations

• Advice in insolvency situations, imminent or current, in the presentation of competitions as a refloating or closing strategy.
• Assistance in the presentation of the contest itself and in the management thereof, as advisors or interim executives, involving us in negotiations with the parties involved.

Liquidations and closures

• Ordered liquidations and closings of the company, allowing us to take charge of the entire process.
• Partial divisions of companies.

Interim Management (Temporary Managers)

A crisis situation is usually generated by an external agent (market, competences, legislative change), but it can also be internal (bad business management, loss of competitiveness).

Legal and Economic proposes for these situations to provide the company with:

• Interim executives during situations of change or crisis, including the figure of a manager who leads the restructuring process while managers attend to the day to day business.
• Advisors to the Board of Directors.

- Changing and expansive situations.

1. Preparation of restructuring plans and viability plan.
2. Operational reorganization.
3. Refinances.
4. Treasury Management:

* Determination of cash needs during the refinancing process.
* Effective management and control of the treasury after refinancing.

- Crisis situations.

1. Preparation of restructuring plans and viability plan.
2. Operational reorganization.
3. Refinances.
4. Treasury Management:

* Determination of cash needs during the refinancing process
* Effective management and control of the treasury after refinancing.

- Bankruptcy situations.

1. Assistance to bankruptcy negotiation.
2. Support to the Bankruptcy Administration.
3. Treasury management in progress.
4. Administrative and daily procedure management.
5. Cost reduction actions.
6. Financial restructuring: viability plan, proposal of agreement and management of accessions.
7. Divestitures in business lines secondary to the main business.
8. Execution of settlement plans.