Turnaround Management Archives - Page 4 of 14

TMA President’s Message Turnaround Management Association: Going Beyond the Ballroom

The Turnaround Management Association offers restructuring professionals tools and resources to succeed in their careers. The TMA Annual, scheduled for September 26 to 28 in Colorado Springs, CO, is a prime opportunity to network and connect with lenders and other professionals. This year’s TMA Global President, Kevin Krakora, head of KMPG’s U.S. Restructuring Practice, outlines the programs TMA is launching to expand the organization’s member benefits beyond the ballroom.

Results of the Capital One Annual ABS Survey: ABS, Technology on Upswing in Lending World

Thousands of financial professionals converged on Las Vegas in February for the annual SFIG Vegas event, providing a perfect opportunity to solicit their opinions on issues affecting the industry. Capital One conducted a survey at the annual conference, and Dave Kucera examines the results with ABF Journal editor Nadine Bonner.

2017 TMA Small Company Turnaround Award Winner: Vermont Aerospace Once Again Takes Flight

For 30 years, Vermont Aerospace crafted precision machinery for aircraft from its home in the Connecticut River Valley. A spiraling financial downturn combined with the unexpected death of its owner left the company reeling. After VA received the TMA’s 2017 Small Company Turnaround Award, the TMA invited attorney Cathy Reece to moderate a discussion by the turnaround team to learn how this unusual transformation enabled the company to avoid bankruptcy and retain its employees.

Other People’s Money: What Turnarounds Teach Us About Working with Lenders when a Deal Goes South

While lenders carefully scrutinize companies seeking to borrow money, borrowers rarely exercise the same due diligence to screen potential lenders. No one embarks on a business venture planning to fail, but it does happen. Bayard Hollingsworth advises borrowers to investigate the ways lenders handle a deal that goes wrong before accepting other people’s money.

March 14, 2018 Bayard Hollingsworth | Phoenix Management Services | turnaround ABF Journal

Loan Losses and a Lender’s Stages of Grief: How Turnaround Pros Can Guide Lenders from Depression to Resolution

Now and then, despite due diligence and careful underwriting, a loan goes bad. Patrick Walsh describes the five stages of grief that a lender passes through when a loss seems imminent and suggests ways that a turnaround professional can help the lender work through these stages and achieve a positive outcome.

January 25, 2018 Cedar Craft Consulting | Patrick Walsh | turnaround ABF Journal

Preserving Brand Equity in a Turnaround: Six Steps to Preserving a Company’s Reputation

A company’s brand is a powerful if unappreciated asset. During the intense process of turning a company around financially, little thought is given to protecting its brand. Gordon Andrew explains why brand equity matters and provides steps to protect and enhance a brand during a turnaround.

November 7, 2017 Gordon Andrew | Highlander Consulting | Turnaround Management ABF Journal

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.

September 13, 2017 Prestige Industries | Robert Miller | Rosenthal & Rosenthal | wells fargo ABF Journal

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.

July 25, 2017 Cedar Croft Consulting | Patrick Walsh | turnaround ABF Journal

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.

April 20, 2017 Howard Brod Brownstein | The Brownstein Corporation | turnaround | Turnaround Management ABF Journal

Category: Turnaround Management