Taking the Road Less Traveled: An Experienced Lender Choreographs a Borrower’s Turnaround

When a distressed company approaches a lender for financing, it usually comes down to a black-and-white decision: Will the company be able to repay the loan or not? In most cases, the lender doesn’t become involved in the turnaround of a borrower. But Robert Miller relates a more nuanced story, showing how a lender can take the road less traveled and provide more than financing to restore a failing company.

The Communication Protocol: An Important Component of a Business Turnaround

The initial stages of a turnaround can be chaotic for both the consultant and the stakeholders. Establishing a communications protocol at the start of the engagement can create an orderly process that keeps everyone updated in a timely fashion. Patrick Walsh provides a protocol and explains how management, lenders and the consultant will benefit from using it.

Creating Brand Relevancy: Wooing Millennials, Personalizing Service to Turnaround Casual Dining Chains

For more than a decade, casual dining chains like Applebee’s and Ruby Tuesday thrived, catering to baby boomers and their families. Now, a different sort of customer has emerged, and CD restaurants are struggling to maintain brand relevancy. Nishant Machado offers suggestions for CD management, lenders and turnaround pros serving the industry.

Turnaround Management: 2017 and Beyond

Economic uncertainty has traditionally been good for turnaround professionals. But the game has changed, and unregulated lenders can call a different tune. Howard Brod Brownstein looks into his crystal ball and predicts a mixed bag for turnaround pros under the new administration.

Philadelphia Credit and Restructuring Summit: Energized by New Location, Women Exec Panel

The Philadelphia Credit and Restructuring Summit celebrated its 10th anniversary by moving to a new location and adding a panel of women executives to the lineup. Lenders, turnaround professionals and bankruptcy judges enjoyed a round of Judicial Jeopardy before discussing serious matters ranging from possible federal tariffs on foreign goods to the ramifications of the Supreme Court’s ruling on structured dismissals in bankruptcy.

The Rise of U.S. Style Pre-Insolvency Restructuring

As the U.S. system of restructuring and insolvency gains popularity in Australia and beyond, Carlyn Taylor, global co-leader of the Corporate Finance & Restructuring segment of FTI Consulting, provides her perspective on this growing trend in a Q&A that originally appeared in the FTI Journal.

Desperate Times Call for Effective Turnarounds

In an excerpt from their book, Transformation: Delivering and Sustaining Breakthrough Performance, Boston Consulting Group’s Lars Fæste, Jochen Schoenfelder, Christian Brub and Christoph Lay discuss the essential steps needed to create a transformational turnaround and restructuring effort.

Corporate Transformation is the New Normal: But Are You Going About it in the Right Way?

In the early stages, corporate turnarounds can resemble a hospital emergency room, according to Malcolm McKenzie. Performing triage may be the only way to save the patient. He offers eight practical tips to execute a successful turnaround.

Workout Considerations to Make 2017 “A Happy New Year”

Even lenders who exercise the most thorough due diligence sometimes have to exit their loans. Turnaround specialist Ken Mann offers tips to help lenders make smart decisions in 2017.

The Ethics of Turnaround: Are Too Many Shades of Gray Affecting the Industry?

A strong sense of right and wrong is critical to restructuring a company in a way that benefits all stakeholders. Yet turnaround professional Robert Katz sees “shades of gray” becoming more prevalent and having a negative impact on the industry. He shares examples of these unsavory situations and points out ethical paths to avoid them.