Challenges & Desired Outcomes

 Manage a detailed “punch list” of actions to prepare for post-restructured ownership, avoiding delays and expense while increasing transparency and management engagement. 

 Conduct 360° appraisals through deep off-list referencing and performance evaluation to enable fact-based decisions on the go-forward management team and address critical gaps. 

 Design and select the board against a matrix of required skills to build an impactful, aligned board with the relevant experience and commitment to drive outcomes. 

 Conduct an operational, organizational and financial review to identify remedial actions and assess costs and timing, enabling lenders to corroborate and challenge key assumptions. 

 Identify and quantify critical levers to create value and mitigate risk, building lender consensus around the key actions and milestones required for a favorable exit. 

 Evaluate management compensation and design incentives aligned with outcomes, reducing reliance on cash compensation in favor of long-term equity. 

 Leverage a network of vetted executives and advisers to supplement management, accelerate change and fill critical talent gaps. 

 Implement value creation planning and closely monitor outcomes to prioritize and rigorously track the actions required to optimize investment returns. 

 Distill key performance indicators and report progress against the value creation plan, providing investors with greater visibility, early warning indicators and board accountability.