Deloitte Recognized as a Global Leader in Financial Distress and Recovery Consulting by ALM
NEW YORK, Nov. 1, 2017 — ALM Intelligence has named Deloitte a global leader in Financial Distress and Recovery Consulting. In the report titled “Financial Distress and Recovery Consulting 2017,” Tomek Jankowski, senior analyst, lead for Finance Management Consulting Research at ALM, highlighted, “Deloitte stands out because of its size and global reach, as well as the dedicated team within its Corporate Restructuring Group, combined with expert services provided through other corporate finance and transactions areas, including its Mergers & Acquisitions practice.”
“In moments of business change, underperformance, or even distress, companies must quickly diagnose the root causes and rapidly devise action plans to address their needs and the needs of all stakeholders,” said Michael Epstein, global managing principal, Deloitte Restructuring Services, and a Deloitte Risk and Financial Advisory (U.S.) Corporate Restructuring Group principal, Deloitte Transactions and Business Analytics LLP. “Performance imbalances may be operational (profit and loss) or financial/debt (balance sheet) related and can be triggered by a wide variety of events, sometimes outside of the company’s control.”
Epstein continued, “In most cases, hands-on support from local restructuring professionals who understand the local context and required remedies, and industry specialists who can apply discrete sector knowledge to such situations, is a fundamental requirement. As part of a global network, Deloitte’s footprint and access to industry specialists allows us to quickly mobilize around clients’ needs, whether they are corporates, investors, lenders, or other stakeholders, and to work collaboratively to deliver turnaround solutions.”
Deloitte Risk and Financial Advisory CEO Chuck Saia said, “Corporate leaders working to manage risk throughout transactional lifecycles have turned to us for years to help with pre-deal diligence, predictive analytics, and regulatory compliance advisory services. This honor is a testament to the solutions we leverage to help our clients capitalize on the potential opportunities available in various transactions types — from corporate restructuring and turnarounds to mergers and acquisitions.”
The report lays out the opportunities and challenges for Financial Distress and Recovery consulting providers focusing on market trends, client spending trends and forecasts, and the provider landscape, and includes profiles of select key organizations.
According to ALM, Financial Distress and Recovery Consulting is defined as “the classic turnaround & restructuring phase of what ALM Intelligence defines as the financial crisis management series competencies. This series begins with the investigative phase, or financial forensic investigation, which leads into the litigation phase, or disputes & litigation consulting. The third and final phase (given that the Financial Management Consulting Research team focuses on financial crisis management specifically) is financial distress and recovery.”
- “Deloitte’s data and analytics capabilities in M&A – which are delivered through their iDeal product and other well-developed software and IT capabilities within its Financial Advisory group – enable Deloitte to effectively deploy resources during corporate recovery engagements.”
- “Most of Deloitte’s financial & recovery services are housed within its Financial Transactions unit. Services are broken out among the Accounting & Reporting Transformation (complex accounting issues, capital markets transactions, interest rates and currency & commodity risks), Valuations & Modeling, Corporate Restructuring, Mergers & Acquisitions, and Securitization groups.”
- “The Corporate Restructuring group includes capabilities related to turnaround/interim management, performance improvement, restructuring advisory, bankruptcy accounting & compliance, lender/creditor advisory, and fiduciary. Bankruptcies are also supported through Deloitte Corporate Finance LLC.”
- “Deloitte rounds out its distress and recovery coverage with robust Risk and Regulatory & Compliance practices, coupled with its traditional strength in working seamlessly across practice areas.”
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including more than 85 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to make an impact that matters — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.