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Case studies
Deloitte T&R featured engagements
Explore our noteworthy engagements
The Deloitte Turnaround & Restructuring (Deloitte T&R) works with leading large multinational and mid-market companies to help them through unique challenges. Deloitte T&R applies in-depth knowledge and valuable foresight to help achieve effective outcomes for you as well as creditors and equity holders.
Non-for-Profit Health System
Deloitte T&R serves as the financial advisor to a health system that is currently out of compliance with its bond financial covenants. In addition to assisting management with identifying potential affiliation options, Deloitte T&R assessed the health system’s financial and operational performance, management’s turnaround plan(s), and developed further performance improvement recommendations in order to assist the health system in re-establishing bond covenant compliance.
EV Energy Partners, L.P.
Deloitte T&R was retained by an oil and natural gas company to prepare for a prepackaged bankruptcy which was filed on April 2, 2018 in the United States Bankruptcy Court for the District of Delaware. In addition, Deloitte T&R will provide bankruptcy advice throughout the pendency of the case.
Regional Health System
Deloitte T&R was retained by a large regional health system to perform transactional, strategic, and turnaround advisory services related to a proposed partnership with a national long term care company and subsequent development of a comprehensive post-acute care continuing care network.
Carpet manufacturer
Deloitte T&R assisted a potential buyer of a carpet manufacturer operating under Chapter 11 with a 363 sale of the business. Deloitte T&R assessed management’s turnaround strategy which included significant plant consolidation and equipment redeployment, and the prospective financial modeling projections. Management incorporated Deloitte’s recommendations in its updated consolidation strategy and financial projections leading to a proposal to buy the company, including the support to secure proposed financing.
Recycling business
Deloitte T&R has been engaged to provide strategic guidance to a US recycling business. Ultimately, the guidance has helped inform the stakeholders that a consensual wind down of the business should increase the value of the assets and reduce creditor exposure. Our efforts have included liquidity management and analysis, creditor negotiations, guidance on dealing with regulatory agencies, and oversight of the sale of equipment and other assets.
Label Printing and Converting Company
Deloitte T&R initially acted as financial advisor for a leading printing and converting company that has operated successfully since the early 1900s. The global manufacturing company specializes in prime decoration (labels, sleeves, sachets, and coupons) for branded consumer products primarily in the personal care, battery, and pharmaceutical end-markets. After several years of profitable operations, the company started having severe liquidity issues due to its global growth strategy. As liquidity issues worsened, Deloitte T&R was appointed chief restructuring officer (CRO), working closely with legal counsel in pursuit of alternate strategies for either a Chapter 11 or non-bankruptcy sale process. As CRO, Deloitte T&R assisted with many aspects of liquidity including unsecured creditor relationships to stabilize and maintain source of supply. We assisted the company in obtaining customer material support to mitigate supply chain disruptions, advised on secured lender issues, assisted the company to develop cash flow and borrowing base projections, assisted to improve working capital, implemented operating cost reductions, and assisted in the sale of assets and balance sheet restructuring on an out-of-court basis to preserve long-term customer and vendor relationships.
Oilfield Services Company
Deloitte T&R provided bankruptcy accounting and valuation services for a $525 million provider of well site services in the United States to oil and natural gas drilling and producing companies.
Specialty Manufacturer
Deloitte T&R was hired by a $4 billion global manufacturer to assist with the company’s managed exit tax record retention requirements with respect to winding down various domestic and international sites. Deloitte T&R assembled a scalable team of restructuring, tax, and IT specialists from our network of the global member firms of Deloitte Touche Tohmatsu Limited and worked with the company to assess its tax record retention requirements and assist with the tax record retention execution for the identified sites.
Food Product Distributor
A successful $1 billion distributor of food products engaged Deloitte to assist the company in developing their five-year strategic plan. Deloitte worked closely with the board and senior management to develop a detailed financial model to allow the simulation of several strategic initiatives being considered by the company. Modeling various scenarios in one integrated model, provided the company with a better understanding of its cash needs, debt requirements, impact to working capital, capex requirements, sales, and EBITDA for all initiatives. A rapid operations diagnostic identified several potential projects to improve profitability and improve inventory turns. One specific element of these initiatives was SKU rationalization.
Liberal Arts University
Deloitte T&R was engaged to provide advice to the primary benefactor of a not-for-profit Liberal Arts University challenged with financial and operational issues and high leadership turnover. Deloitte T&R advised on strategic alternatives and developed both a short-term cash flow model and a three-year, multiple scenario model to assess the impact of various strategic options.
Newspaper group
Deloitte T&R was recently hired by a major metropolitan newspaper group to analyze its cost base and key business processes as it transitions from a print centric to a multi-media publishing group. Functions reviewed included advertising, IT expenditure, editorial, and G&A spend, as well as developing the project plan to realize the identified benefits.
C&J Energy Services Ltd. (C&J)
C&J, a $1 billion oilfield services company, hired Deloitte T&R and Deloitte's valuation professionals to provide technical accounting advice and valuation services in support of its emergence accounting effort.
Leading specialty retailer
A specialty retailer with more than 600 stores and $800 million in sales engaged Deloitte T&R to support its emergence accounting effort. Deloitte T&R, working closely with Deloitte Tax LLP, is advising the company on various complex tax, industry, and technical accounting items related to its Chapter 11 emergence.
International mining company
Deloitte T&R was retained by one of the world’s leading vertically integrated manufacturers of custom-engineered rare earth and rare metal products to assist with its emergence accounting efforts. To assist the company, Deloitte T&R has assembled a cross-border team of specialists who are working closely with Deloitte LLP in Canada to be able to advise the company on various complex valuation, industry, and technical accounting items.
Restaurant Chain
Deloitte T&R currently serves as the financial advisor to the secured lender of a multi-concept restaurant chain to provide a business assessment, including four-wall profitability analysis, and analyze certa in transactions related to the borrower’s joint venture operations.
