Financial restructuring

AXECO provides support, tailored advice and solutions in complex turnaround and distressed situations. Our advisory services may include debt reduction, covenant modifications, maturity extensions, distressed asset sales and equity raisings. Our multi-disciplined team is unique in that we combine deep, credit-driven restructuring analysis knowledge with experienced liability management skills. This is complemented with access to a broad network of specialist investors that can provide new capital if required. This enables us to help our clients in realising the optimal outcome for all stakeholders.

Team

Our dedicated financial restructuring team consists of experienced specialists with reputations of delivering tailor-made solutions. The financial restructuring team is strengthened with the experience from other AXECO partners, who have more than 85 years of experience.

Activities

In complex turnaround and distressed situations, it may be necessary to restructure the capital structure of your company. However, there is no common blueprint and a successful restructuring is tailor-made. It is key to stay in control of your own destiny and avoid that creditors have a discussion about you instead of with you. We can help you during a financial restructuring with the following:

  • Make a proper cashflow forecast including scenario analysis / stress testing
  • Carefully review your financing documentation and determine your legal position
  • Communicate soon and frequent with creditors and other stakeholders
  • Manage liquidity and collect as much cash as possible
  • Prepare a plan B
  • Explore all suitable financiers

Pressing questions you may have

We can also act as a sparring partner on pressing questions:

  • What scenarios do we need to consider?
  • What to do with maturing financings, especially capital market instruments?
  • What to do if this situation drags on and we anticipate default under covenants?
  • To draw or not to draw, what to do with my RCF?
  • Is paying dividends even an option?
  • How can we best manage our bank relationships?
  • Can we make use of the government support and if so how does this work?
  • How and when do we communicate to the market?

By integrating these steps, we use the lessons learned from the previous crisis, creating a landscape in which you can focus on your company and build towards a sustainable future.

Covid-19 and government guaranteed funding

We are working closely with our clients to help them deal with the immediate economic effects of the Covid-19 induced economic downturn. Through the various processes in which are active we are building up first-hand experience with obtaining funding under the GO and GO-C government arrangements. Our specialists can also support you with entire process of obtaining government guaranteed funding.

Financial restructuring

AXECO provides support, tailored advice and solutions in complex turnaround and distressed situations. Our advisory services may include debt reduction, covenant modifications, maturity extensions, distressed asset sales and equity raisings. Our multi-disciplined team is unique in that we combine deep, credit-driven restructuring analysis knowledge with experienced liability management skills. This is complemented with access to a broad network of specialist investors that can provide new capital if required. This enables us to help our clients in realising the optimal outcome for all stakeholders.

Team

Our dedicated financial restructuring team consists of experienced specialists with reputations of delivering tailor-made solutions. The financial restructuring team is strengthened with the experience from other AXECO partners, who have more than 85 years of experience.

Activities

In complex turnaround and distressed situations, it may be necessary to restructure the capital structure of your company. However, there is no common blueprint and a successful restructuring is tailor-made. It is key to stay in control of your own destiny and avoid that creditors have a discussion about you instead of with you. We can help you during a financial restructuring with the following:

  • Make a proper cashflow forecast including scenario analysis / stress testing
  • Carefully review your financing documentation and determine your legal position
  • Communicate soon and frequent with creditors and other stakeholders
  • Manage liquidity and collect as much cash as possible
  • Prepare a plan B
  • Explore all suitable financiers

Pressing questions you may have

We can also act as a sparring partner on pressing questions:

  • What scenarios do we need to consider?
  • What to do with maturing financings, especially capital market instruments?
  • What to do if this situation drags on and we anticipate default under covenants?
  • To draw or not to draw, what to do with my RCF?
  • Is paying dividends even an option?
  • How can we best manage our bank relationships?
  • Can we make use of the government support and if so how does this work?
  • How and when do we communicate to the market?

By integrating these steps, we use the lessons learned from the previous crisis, creating a landscape in which you can focus on your company and build towards a sustainable future.

Covid-19 and government guaranteed funding

We are working closely with our clients to help them deal with the immediate economic effects of the Covid-19 induced economic downturn. Through the various processes in which are active we are building up first-hand experience with obtaining funding under the GO and GO-C government arrangements. Our specialists can also support you with entire process of obtaining government guaranteed funding.

Jan Deurhof

Partner

+ 31 6 50 693 458

jan.deurhof@axeco.nl

 

Arjan Vos

Partner

+ 31 6 12 968 027

arjan.vos@axeco.nl

 

Harro Wateler

Partner

+ 31 6 46 710 221

harro.wateler@axeco.nl

 

Jan Deurhof

Partner

+ 31 6 50 693 458

jan.deurhof@axeco.nl

 

Arjan Vos

Partner

+ 31 6 12 968 027

arjan.vos@axeco.nl

 

Harro Wateler

Partner

+ 31 6 46 710 221

harro.wateler@axeco.nl

 

Meet our team

Jan Deurhof

With a strong background not only in corporate finance, but also as a financing banker, Jan has the ideal combination of skills to be effective as advisor. Over the last 22 years, Jan has been able to apply his expertise in a number of complex restructuring situations across a broad range of sectors.

Arjan Vos

Arjan has been pivotal in AXECO’s most recent restructuring assignments. With a strong 16 year background in corporate finance, he not only focusses on debt restructuring, but also on realising divestments of non-core assets in challenging conditions as well as finding capital markets solutions. Most recently he was involved in the divestment processes for a/o Blokker Holding and Beter Bed Holding.

Harro Wateler

With a diverse banking background, Harro can not only draw on his corporate finance experience in a Dutch context, but also on his extensive international capital markets experience gained at JP Morgan and Lehman Brothers. All together Harro brings 26 years of experience in both private and public markets across a broad range of instruments and solutions.

Jan Deurhof

With a strong background not only in corporate finance, but also as a financing banker, Jan has the ideal combination of skills to be effective as advisor. Over the last 22 years, Jan has been able to apply his expertise in a number of complex restructuring situations across a broad range of sectors.

Arjan Vos

Arjan has been pivotal in AXECO’s most recent restructuring assignments. With a strong 16 year background in corporate finance, he not only focusses on debt restructuring, but also on realising divestments of non-core assets in challenging conditions as well as finding capital markets solutions. Most recently he was involved in the divestment processes for a/o Blokker Holding and Beter Bed Holding.

Harro Wateler

With a diverse banking background, Harro can not only draw on his corporate finance experience in a Dutch context, but also on his extensive international capital markets experience gained at JP Morgan and Lehman Brothers. All together Harro brings 26 years of experience in both private and public markets across a broad range of instruments and solutions.