Recapitalization & Restructurings

In a recapitalization or a “recap”, a company typically reconfigures the right side of its balance sheet through the replacement of capital, either by adding more debt and reducing its equity through a dividend or buyback of shares, or strengthening its balance sheet through an equity infusion.  Structured appropriately, a recap can be an extremely effective maneuver for a private company and its stakeholders to monetize its holdings, or incrementally improve its financial stability.

A restructuring, on the other hand, typically occurs when a company has performed below expectations or was previously capitalized inappropriately, and involves the re-negotiation of the existing capital structure and terms. Often-times private companies find themselves in precarious situations due to poor market conditions, declining business, problematic partnerships or simple business mistakes, and require a restructuring in order to preserve the business, maintain private control or prepare for the next generation of management. Our professionals leverage their M&A and capital markets experience to provide upfront, third party advice on appropriate steps to take in order to recapitalize or restructure its business or balance sheet.

Our Recapitalization & Restructuring advisory services include:

• Leveraged Recap & Dividends
• Debt Restructuring & Rescue Financing
• Equity Carve-outs &  Spin-offs
• Ownership Restructuring