Restructuring

We provide expert advice in situations where a company (or Group) is experiencing liquidity and/or solvency difficulties, or is planning to have them in the short/medium term.

We evaluate the financial situation, the viability of the business, the capital structure and the alternatives available, so that we have a clear diagnosis of the situation; we identify the options available for that diagnosis; we support and advise on the definition of a road map to solve the situation and, if necessary, we develop the tools offered by the Concursal Law (pre-competition, Restructuring Plan). We accompany the client until the effective resolution of the stressed situation, including the negotiation with the other agents involved in the process.

We accompany debtors and/or investors (both financial and industrial companies) in the sale or acquisition of productive units when debt restructuring is not sufficient or the transmission offers a better solution of continuity.

We analyze the viability and perimeter of the unit, advise on its valuation/price, prepare the financial information and coordinate the process with legal and insolvency advisers to facilitate an orderly and executable operation.

We advise on transactions of companies or assets in difficulty, where speed, confidentiality and structuring capacity are decisive.

We analyze alternatives of sale, recapitalization, investor entry, equity for debt or sale of discounted debt; we identify potential counterparties; and we accompany the process until its execution. Our goal is to preserve the value of the business and improve the prospects of recovery for the parties involved.

In a competitive situation, professional advice is even more important if possible, both in the identification of the options and the objective of the competition for the person concerned and in the preparation of the application for competition, the day-to-day management of the procedure itself and the dialogue with the other parties concerned, especially the Administrator of the Concursal and the Court.

This is particularly relevant in the qualification section, where the consequences of a poorly prepared creditor contest can become more evident.

In a context where the profession of Concursal Administration will undergo significant changes with the approval of the Statute of the Concursal Administrator, in Afianza we have professionals with extensive experience in complex insolvency administrations, who have the confidence of the judicial bodies and of the other operators of the sector, so that they can be appointed in contests of creditors with the guarantee of managing them technically and effectively.

The new figure introduced by the Concursal Law, and which is being extended to more restructuring procedures, requires a compendium of economic-financial and legal knowledge in order to be able to carry out its work with objectivity, independence and rigour, counting on the confidence of the parties involved. In Afianza we have professionals who accumulate proven experience in this role.