Case Studies

A Global services and telecommunications company, based in Switzerland, had lost control of the receivables management function. Through the careful implementation of new systems, management, KPIs and enhanced communication throughout the company, overdue receivables were reduced by over 70%. This contributed $180m to the strengthening to the company's balance sheet, from being geared to being cash positive.

European chemicals company, was separated from larger group and acquired by a leading Private Equity investor. Phased involvement starting with the pre-closing period when treasury and corporate finance experience was required in order to prepare the company for the transaction which included a large, new bank financing. Phase two, the period post-closing included debt redenomination, interest rate hedging and support for the syndication. This lead to a third phase designing the treasury reporting and preparation for a working capital improvement project.

A high street clothing company was acquired by an investor leading to an asset reorganisation and a large refinancing. We provided an assessment of the employing company covenant to the defined benefit pension scheme enabling the trustees to consider the need for additional security and to renegotiate the recovery period over which the scheme deficit was to be funded

 

Large UK based MBO which had arranged financing to buy out the company from its previous owner. The management had limited exposure to managing a leveraged company. Project included reorganisation of banking arrangements, design and implementation of new interest rate hedging arrangements, implementation of internal systems and improved awareness of obligations relating to the new debt facility.

IPO of global telecommunications company based in Paris was made more complex by the large employee share plan. We were appointed to manage the administration of the plan, represent the trustee during the subsequent SPOs and arrange the settlement of proceeds and the related tax deductions to employees in over 100 countries

UK advertising network which had made substantial acquisitions in US and France required treasury skills to manage cash flows and a new debt facility. This included implementation of more efficient cash pooling to lower drawn debt, requiring establishment of close relationships with subsidiaries to encourage acceptance of cash pooling.