Turnaround & Restructuring

<p>We typically work with the boards, management teams and stakeholders of larger corporates to:</p><p><br></p><ul><li>Assess distressed situations via&nbsp;<a href="https://www2.deloitte.com/au/en/pages/finance/solutions/value-creation-services.html"><strong>strategic reviews</strong></a>&nbsp;and develop&nbsp;<a href="https://www2.deloitte.com/au/en/pages/finance/solutions/contingency-planning.html?nc=1"><strong>contingency plans</strong></a></li><li>Act as administrators, receivers, and liquidators in a formal insolvency process</li><li>Develop options based on our expertise and by harnessing advanced data analytics and visualisation tools</li><li>Develop rapid cash generating techniques (including working capital improvements) so organisations have time to implement options</li><li>Conduct lending reviews and obtain buy-in from key stakeholders such as banks, drawing on Deloitte’s extensive network of relationships with financial services organisations</li><li>Implement&nbsp;restructuring initiatives. This might include negotiating contracts and new finance arrangements and providing assistance with redundancy programs or accelerated M&amp;A</li><li><a href="https://www2.deloitte.com/au/en/pages/finance/solutions/debt-advisory.html"><strong>Raise debt</strong></a>&nbsp;at competitive rates and on competitive terms</li><li>Reduce the administrative burden from unwieldy corporate structures through&nbsp;<a href="https://www2.deloitte.com/au/en/pages/finance/solutions/managed-exit.html"><strong>managed exits</strong></a></li><li>Act as a ‘qualified entity’ to provide safe harbour advice.</li></ul>

<p>With small and medium businesses, our team can also:</p><ul><li>Advise on voluntary administrations, liquidations, and other insolvency options</li><li>Advise on informal turnaround situations.</li></ul>

<p>Working with stakeholders such as banks, our team can:</p><p><br></p><ul><li>Conduct customer reviews, including assessing situations and recommending options to maximise recovery</li><li>Act as&nbsp;receivers and/or agents&nbsp;for the mortgagee in possession if a secured debt is enforced</li><li>Provide advice on&nbsp;<a href="https://www2.deloitte.com/au/en/pages/finance/solutions/debt-advisory.html"><strong>debt restructures</strong></a>.</li></ul>

<p>Working with investors, our team can provide:</p><p><br></p><ul><li>Strategic reviews with options to maximise return and reduce risk, in&nbsp;distressed situations</li><li>Due diligence and strategic advice to investors considering buying distressed assets or assets out a formal insolvency procedure</li><li>Assist with the rapid disposal of assets, in distressed situations</li><li>A&nbsp;<a href="https://www2.deloitte.com/au/en/pages/finance/solutions/managed-exit.html"><strong>managed exit</strong></a>&nbsp;to reduce cost and manage risk, where needed.</li></ul>

<p>In the <a href="https://www2.deloitte.com/au/en/pages/finance/solutions/restructuring-services-public-sector.html">public sector</a>, our team can provide organisations with:</p><p><br></p><ul><li>Advice on the veracity of any party that an organisation is dealing with. That might include advice on creditworthiness and reputation, or how to contract with other parties to reduce risk</li><li>Strategic reviews, and helping to transform and improve government departments and government-owned corporations</li><li>Formal insolvency appointments of companies that owe money to the government or are being wound up as part of a regulatory procedure (such as through Australian Securities and Investments Commission surveillance activity or Australian Taxation Office debt collection activity).</li></ul>