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Insolvency & Restructuring

Our Insolvency and Restructuring Services

There are a number of operational and financial challenges that can hinder organisational performance. Our specialists can work closely with management and other stakeholders to identify key issues and create strategic restructuring solutions aimed at an immediate positive impact and a sound basis for future trading.

Our global team of experts understand that running a business whose value is under threat can be highly stressful, which is why our approach is to work quickly and in partnership with stakeholders and recommend strategies that are straightforward to implement. The goal of this approach is to assist management teams to make informed decisions about what needs to be done, and when, to secure the optimum outcome for the business.

Where restructuring is not possible, we have significant experience is advising on formal insolvency procedures which will offer the best return for all stakeholders.

Our expertise includes, but is not limited to:

  • Asset utilisation and collateral assessment
  • Capital structure analysis and recommendations
  • Liquidity and cash flow analysis/management
  • Valuation and solvency analysis
  • Working capital management
  • Independent business reviews
  • Pre-lending reviews
    Formal insolvency proceedings
  • Chapter 11 advisory
  • Stakeholder representation

Our global team of experts understand that running a business whose value is under threat can be highly stressful, which is why our approach is to work quickly and in partnership with stakeholders and recommend strategies that are straightforward to implement. The goal of this approach is to assist management teams to make informed decisions about what needs to be done, and when, to secure the optimum outcome for the business.

Where restructuring is not possible, we have significant experience is advising on formal insolvency procedures which will offer the best return for all stakeholders.

Our global team of experts understand that running a business whose value is under threat can be highly stressful, which is why our approach is to work quickly and in partnership with stakeholders and recommend strategies that are straightforward to implement. The goal of this approach is to assist management teams to make informed decisions about what needs to be done, and when, to secure the optimum outcome for the business. Contact us for more information.

Related Case Studies

Retail and Distribution

B & J Meltz

The company, a national discount chain selling a wide range of merchandise experienced losses as a result of a combination of factors including increased distribution costs, margins steadily declining, the recession and downturn in the global economy and increased competition. 

Matuson & Associates were able to secure post commencement funding (PCF) to continue trading, and maintained continuity of stock from suppliers.

The business was successfully sold with value being realized for creditors in excess of what would have been achieved in a liquidation.

Matuson & Associates received the Turnaround Management Association of South Africa runner up award in the medium to large Business Rescue category in 2014 for this successful Business Rescue.

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Retail and Distribution

Ellerine Furnishers (Pty) Ltd

Ellerine Furnishers (Pty) Ltd, a retailer of furniture and household appliances , commenced with Business Rescue in 2014. This has been the largest Business Rescue to date, based on the Public Interest score of the Company. The firm employed almost 8000 people and had operations in six African countries, comprising over 1000 stores.

In 2010 the provision of credit and financial services component was sold to African Bank. This resulted in a significant decrease in the Company’s income and profitability. A decision was taken that no further funding would be provided by ABIL or African Bank in August 2014 and it was thereafter resolved to place the company into Business Rescue.

Ellerine Furnishers held a deposit of R472million with African Bank that would have been utilised as Post Commencement Funding (PCF). However, the Bank was placed under Curatorship less than a week after the commencement of the Business Rescue. With no accessible funds in the bank accounts, there was an urgent need to secure PCF

PCF was eventually secured after extensive discussions with African Bank. Store closures, realisation of stock and sales of part of the business have all been carried out, saving approximately 2000 jobs to date.

The dividend paid to creditors to date has far exceeded the ‘best case’ dividend that creditors would have received in liquidation and it is estimated that the final dividend will be approximately 42c in the Rand.

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Automotive

Geiger Technologies GmbH

In the case of Geiger technologies GmbH, PLUTA Rechtsanwalts GmbH succeeded in selling company shares to the Dutch investment company HTP. Geiger technologies supplies the car industry with components and generated revenues of approximately € 100 million. The insolvency Administrator, Dr. Martin Prager, succeeded in turning the company around. The Local Court of Weilheim had opened insolvency proceedings on 1 February 2009. Proceedings ended in mid-2015.

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Our Global Services

At BTG Global Advisory we are committed to understanding the needs of all of our clients and formulating and delivering bespoke, tailored solutions using our expertise across our six core service areas.

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Insolvency Restructuring Icon

Insolvency & Restructuring

There are a number of operational and financial challenges that can hinder organisational performance. Our specialists can work closely with management and other stakeholders to identify key issues and create strategic restructuring solutions aimed at an immediate positive impact and a sound basis for future trading.
Learn more
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Turnaround, Workout & Profit Improvement

BTG Global Advisory has significant expertise in providing strategic and operational advisory and interim management services to companies that are experiencing financial or operational difficulty or are involved in a bank workout situation.
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Forensic Accounting & Litigation Support

As a leading provider of forensic investigation and litigation support services we help identify, resolve, mitigate or avoid complex commercial risks on a global scale.
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Risk Consulting

The process of uncovering the assets of debtors can be challenging, particularly when the debtor doesn’t want them to be found
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Investment Banking/M&A Transactions

Whether a business wants to raise capital for investment purposes, grow through acquisitions or realise its value through sale, our team of global specialists can assist at every stage.
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Real Estate Consulting

BTG Global Advisory specialises in the stabilisation and turnaround of underperforming real estate properties. It is our mission to mitigate the effects of a detrimental event that disrupts income generation and threatens property valuation.
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25 Year Anniversary
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Date:
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In April 1999, 25 years ago, Peter Rodgers and Geoff Reidy started a business called Rodgers Reidy. Today, that business has offices in all states of Australia, the Northern Territory, New Zealand, Malaysia, Singapore, and Hong Kong.

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B. Riley Advisory Services
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These valuable insights cover the latest industry trends and market variables that shape transactions.

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Date:
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Author:Begbies Traynor Group

A-Z of Offshore Insolvency, B is for Bonds

A serialised guide to some concepts and features encountered in the world of offshore insolvency.
Bonds are essentially IOUs issued by companies or governments to raise capital: investors buy bonds from the issuer company, becoming creditors who then receive periodic interest payments.