RESTRUCTURING AND BANKRUPTCY
Our knowledge of and experience in workouts, turnarounds and bankruptcy is extensive, real and current. We work with both debtors and creditors to resolve significant financial distress both in and outside of bankruptcy. We advise debtors in workout situations and creditors and credit committees in Chapter 11 Bankruptcy proceedings. We also have been the investment banker of record in Chapter 11 363 sales, and UCC Article 9 transactions.
We provide one-stop, seamless advisory services. Many advisory firms specialize in the accounting, operational, or capital raising/ M&A processes, often requiring the client to hire multiple advisors at different stages of the restructuring. Silverstone delivers the expertise required and works with a client from the onset of distress through resolution.
We understand creditor’s motivations, processes and requirements. We have worked with secured and unsecured creditor groups through workouts and bankruptcies and understand the motivation and objectives of a company’s creditor constituencies.
Our professionals work on the assignment. The people to whom you are first introduced are the professionals who actually manage and work on the assignment. We don’t hand assignments off to junior staffers or outsourced 3rd party firms.
Experience and leadership matter. A successful restructuring, whether UCC Article 9, out-of-court or through Chapter 11 Bankruptcy proceedings, is seldom accomplished without the ability to persuade and explicate the facts and hard realities. Nor can it be accomplished without the ability to obtain the trust required by all parties to move the process forward with urgency.
Insight and know-how matter. A successful restructuring is seldom just a financial exercise. The management and preservation of enterprise value throughout restructuring produces the highest outcome for creditors and the company stakeholders alike – whether the company is sold as a going concern or the company is able to survive the process under the same ownership. This is particularly true today, where liquidation values are subject to dramatic discounting, making recovery of principal more difficult than it has ever been in recent history.
Getting there quickly matters. We are able to grasp quickly what needs to be done. We have an unmatched analytical capacity: this includes not only financial analysis, but also the ability to analyse organizations, customer and vendor relationships and business processes.
Who is acting on your behalf matters. Silverstone partners have experience across all functional disciplines and deep vertical knowledge in numerous industries. We have been CEOs, bankers, investment bankers, venture capitalists and turnaround and strategy consultants. We know what it takes to influence and create correct and urgent action.