ABF Journal is proud to once again provide its annual turnaround management directory, highlighting some of the top turnaround teams in the industry so struggling businesses (and their lenders) can get the support they need.
For businesses to traverse the performance hurdles of 2023, which include interest rate increases and lingering issues from 2022, they’ll need to perform thorough and objective financial analyses and adjust forecasts for the rest of the year and 2024 accordingly.
Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly recruited lender (GemCap) have gotten the business back in the fast lane.
Businesses are dealing with a cavalcade of challenges in 2022, not least of all being rising interest rates and inflation. Juanita Schwartzkopf of Focus Management Group provides detailed guidance on how to help borrowers deal with increasing operating expenses and the rising rate environment.
For decades, private equity investors have taken distressed assets through a process to divorce them from subordinate liens. An analogous, lender-initiated process (the UCC Article 9 restructuring) clears up the traditional bottleneck in bank-to-ABL transitions, ultimately leading to the next evolution of the take-out relationship.
Sometimes the simplest things make the biggest differences. Lawrence Gardner explains why the most successful turnarounds are built on strong leadership and outlines the specific aspects of leadership that must be displayed to replicate such results.
The convergence of geopolitical tension, continued disruption to the supply chain and the labor market as well as the lingering presence of the COVID-19 pandemic is pushing transportation costs into the stratosphere, meaning businesses must alter their approaches to survive.
Charlie Perer explains how mounting economic stressors are setting the stage for an impending increase in work-out activity in which non-bank distressed and asset-based lending groups will look to take advantage of understaffed bank work-out groups.
Inflation has been on the rise for years, but it really surged in 2021 and will continue in 2022, creating an operating environment not seen since the early 1980s. However, inflation can’t be an excuse for poor business performance, particularly when there are strategies to find a successful way forward.
ABF Journal expanded and updated its turnaround management directory, highlighting some of the top firms in the industry.