Restructurings are time critical pressurized situations with multiple challenges arising across the spectrum of stakeholders from lenders to employees and suppliers. Cash is always constrained and most often subject to security restrictions. We have advised clients across a range of industries on various restructuring approaches in Indonesia including, among others, out-of-court restructurings, Indonesian PKPU situations, and voluntary reorganizations managed through prepackaged or pre-negotiated plans of reorganization. Through our Singapore alliance, we have also been involved in taking over management of on-going businesses, divestment of assets, and developing schemes of arrangement within Singapore. Normally the situations into which we are brought involve cross border stakeholders.

We are results oriented professionals with a clear sense of the urgency and issues facing most management teams when confronted with financial distress and the accompanying operational challenges. We are often brought into situations in crisis where it is critical that we bring calm and clarity. In such an environment we help rebuild credibility across stakeholders and reassure creditors that our client is taking the steps necessary to deal with its problems in an appropriate, transparent, efficient and effective manner.

Our debt restructuring and turnaround services include:

  • Lead managing the restructuring process whether it is a voluntary out of court restructuring or through a court appointed administration process such as the Indonesian PKPU process and the Singaporean schemes of arrangement
  • Under Singaporean restructuring regime, taking over management of ongoing businesses and divesting assets.
  • Managing negotiations with lenders, debt holders, trade creditors and other critical stakeholders
  • Developing feasibility analyses on plans of restructuring/ reorganization including liquidation recovery analysis to optionality debt structures
  • Assisting management to stabilize operations and manage working capital sources and uses
  • Developing and sensitizing business plans for use by all stakeholders
  • Developing and reviewing operational and structural cost reduction initiatives and implementation / execution milestones
  • Developing and implementing cash conservation guidelines and controls
  • Facilitating communications across stakeholders
  • Evaluating revenue enhancement opportunities

 

Case Study

Project
TPPI PKPU

December 2012

USD 1.9 million


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Case Study

Project TPPI
Implementation

August 2014

USD 1.9 billion


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Case Study

Project
Tea

October 2015

USD 107 million


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