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Restructuring

CTL provides assistance and consulting services to start-ups, for restructuring operations and investment projects, including:

Turnarounds & Restructuring:

1. Diagnosis:
  • Analysis of the “crisis situation” and a company “check-up” to analyse the conditions for the recovery plan
  • Understanding the causes and the extent to which the situation is reversible
  • Sharing the plan with the board


2. Restructuring strategy:
  • Definition and choice of turnaround options
  • Identifying the most suitable way to manage the crisis (from out-of-court solutions to legal proceedings offered by Bankruptcy Law)


3. Implementation:
  • Drawing up the continuity and/or liquidation plans and implementation of the business plan
  • Assistance during financial restructuring (estimate of assets and classification of liabilities in accordance with the logic of insolvency proceedings)
  • Drawing up a business plan based on the debtor’s requirements, with relative assessment of the business model
  • Formalisation and implementation of debt restructuring processes and negotiation of agreements with creditors
  • Negotiating and drawing up all the necessary contracts to support the proposal, including the appeal
  • Negotiating with creditors and drawing up all the necessary contracts to this end, with the support of the legal department
  • Having recovery plans, Bankrupcy agreements
  • Producing sworn expert appraisals to support the plan, including the report pursuant to art, 160, paragraph 2 of the (Italian) Finance Law
  • Availability to take on the role of company or court-appointed liquidator after being nominated by the company


4. Business monitoring and stabilisation:
  • Follow-ups and monitoring of the plan on behalf of stakeholders
  • Interim management
  • Business stabilisation: management of short-term cash needs; stabilisation of operating activities; diagnosis of the crisis and improvement potential; business plan - potential for improvement strongly based on facts and identified actions, organised along a credible path that normally covers two macro stages: i) consolidation of the core business and ii) relaunch of growth (organic growth/external growth)


Corporate Finance Services:

1. Mergers & Acquisitions:
  • Identifying potential buyers for those wishing to sell their company, a company branch or division
  • Researching purchase targets for those wishing to invest or develop their business
  • Assistance for negotiations during the sale/purchase process


2. Debt Advisory:
  • Optimisation of the financial structure.
  • Structuring of structured finance transactions (acquisition finance, project finance)
  • Assistance to research sources of finance for “FUNDRAISING”: organic growth paths/for acquisitions (buy and sell side), re-cap transactions for entrepreneurs and “REFINANCING”: ensuring continuity of company finances approaching deadlines or structuring lines and conditions in a different way


3. Company valuation:
  • Identifying the economic value of companies, company branches, industrial projects and intangible assets
  • Financial consulting to support all stages of the transaction, starting from the assessment of strategic options to complete the transaction, whether this be an IPO, acquisition and/or sale of a company branch and/or restructuring and/or sale of assets. CTL also provides complete assistance to manage cash flows, in order to optimise the use of company resources


4. Due Diligence:
  • Financial due diligence: i) assessing the quality of operating margins, including the identification of aggressive financial statement policies and discretional accounting entries; ii) assessing balance sheet items (e.g. dynamics of net working capital, capex) and potential liabilities
  • Taxdue diligence: i) identifying potential tax risks and opportunities; ii) structuring the transaction in a tax-efficient way
  • Strategicdue diligence: i) industrial analysis and identification of opportunities to reduce costs or obtain greater efficiencies; ii) assessing potential for growth; iii) identifying market positioning and the sustainability of the customer base; iv) identifying the company's distinctive skills, strengths and sustainable competitive advantage.


Contacts

Milan Via V. Monti, 15 - 20123 Milan Rome Viale Parioli, 10 - 00197 Rome
Le Fonti Awards
CTL Advisory
Corporate and
Legal Firm

of the Year
CTL Advisory P.L.L.C. Professional Limited Liability Company - Via Vincenzo Monti n. 15 - 20123 Milan | C.F./P.IVA 02434980187 - R.E.A. MI-1987149 - Quote Capital: € 50.000 fully paid in | PEC: ctladvisory@pec.it