Phase 1 — Days 1-30
Crisis stabilization: Immediate liquidity assessment, stakeholder communication, quick wins identification, and stabilization plan development. Stop the bleeding and buy time for comprehensive solution.
Turnaround & restructuring
Quick summary:
- • Crisis stabilization expertise
- • €4B distressed portfolio experience
- • Multi-stakeholder alignment
- • Sustainable recovery solutions
Transform distressed situations into renewed growth. With €4 billion in restructuring experience, we serve as trusted advisors to companies and creditors facing strategic, operational, and financial challenges.
- Immediate crisis stabilization and liquidity management
- Stakeholder negotiation and consensus building
- Operational and financial restructuring integration
- Path to sustainable profitability and growth
At a glance
€4B
distressed portfolio managed
50+
companies restructured
€530M
first sector-wide deal
Why turnaround expertise matters now
In Greece's evolving economy, businesses face unprecedented challenges—from market disruptions to financing constraints. Our experience managing €4 billion in distressed assets at Piraeus Bank, where we consistently exceeded ECB SSM targets for NPE reduction, revealed a critical pattern: viable businesses often fail not from poor fundamentals, but from inadequate crisis management and stakeholder misalignment.
We bring battle-tested restructuring expertise that goes beyond financial engineering. Our approach integrates operational improvements with financial solutions, creating sustainable paths forward that satisfy creditors while preserving business value and employment.
As impartial advisors, we bridge the gap between management, shareholders, lenders, and other stakeholders. We provide quantitatively-backed recommendations that balance competing interests while focusing on the common goal: sustainable business recovery.
Our turnaround & restructuring services
Business turnaround
Rapid intervention for companies in financial distress. We stabilize operations, preserve stakeholder value, and implement practical recovery plans that restore sustainable profitability.
- • Crisis management and stabilization
- • Cash flow optimization
- • Operational efficiency programs
- • Strategic repositioning
Court-based restructuring & insolvency advisory
Expert navigation through Greece's modern insolvency framework. We develop rehabilitation plans under the new Insolvency Code, negotiate with creditor classes, and achieve consensual outcomes that preserve business continuity.
- • Rehabilitation agreement structuring and court ratification
- • Cross-class cram-down strategies
- • Creditor negotiation and consensus building
- • Court documentation and expert testimony
- • Out-of-Court Workout (OCW) facilitation through electronic platform
- • Debt restructuring proposals with financial institutions and state creditors
Independent business reviews (IBR)
Objective third-party evaluation for lenders and investors. We assess business viability, validate turnaround plans, and quantify recovery scenarios with professional rigor.
- • Business plan validation
- • Market and competitive assessment
- • Options analysis and recommendations
- • Recovery value scenarios
Liquidity forecasting & cash management
Critical cash visibility when it matters most. We build dynamic 13-week models, identify cash generation opportunities, and implement controls that prevent liquidity crises.
- • 13-week cash flow modeling
- • Working capital optimization
- • Cash conservation programs
- • Liquidity stress testing
Creditor advisory
Strategic guidance for lenders facing distressed exposures. We evaluate restructuring proposals, negotiate terms, and structure solutions that maximize recovery while preserving enterprise value.
- • Recovery analysis and strategy
- • Restructuring plan assessment
- • Inter-creditor negotiations
- • Enforcement alternatives
Non-performing loan management
Systematic approach to NPL resolution. We design workout strategies, facilitate borrower negotiations, and implement portfolio solutions that accelerate recovery timelines.
- • Portfolio segmentation and strategy
- • Workout plan development
- • Consensual restructuring solutions
- • Value maximization strategies
Performance transformation
Beyond crisis management to competitive advantage. We identify profit improvement opportunities, redesign operating models, and build capabilities that drive sustained outperformance.
- • Revenue enhancement initiatives
- • Cost optimization programs
- • Digital transformation
- • Organizational restructuring
Our differentiated approach
Independent perspective
As neutral advisors, we bridge divides between stakeholders. Our objectivity and data-driven approach build trust, enabling difficult conversations and breakthrough solutions that wouldn't emerge from partisan positions.
Built to last
Quick fixes fail. We design restructuring solutions that address root causes, not symptoms. Every plan considers market realities, competitive dynamics, and organizational capabilities to ensure lasting recovery.
In the trenches
We don't just write reports—we execute. Our team embeds with yours, driving change from within. We're equally comfortable in board meetings and on factory floors, ensuring plans become reality.
Value preservation first
Every distressed situation holds hidden value. We move quickly to stabilize, then systematically unlock potential. Our Greek market expertise helps preserve jobs, supplier relationships, and community impact.
Typical engagement timeline
Phase 2 — Days 31-90
Restructuring design: Detailed business review, restructuring options development, stakeholder negotiations, and implementation planning. Build consensus around sustainable path forward.
Phase 3 — Ongoing
Implementation & monitoring: Execute turnaround initiatives, manage stakeholder relationships, track performance against plan, and adjust as needed. Ensure sustainable recovery takes hold.
Proven outcomes
For companies in distress
- Immediate stabilization and breathing room
- Preserved business value and employment
- Restored stakeholder confidence
- Path to sustainable profitability
For creditors and investors
- Maximized recovery values
- Reduced time to resolution
- Clear visibility on recovery prospects
- Professional stakeholder management
Frequently asked questions
Time is critical in distressed situations
Every day matters when facing financial distress. Let's discuss your situation confidentially and explore paths to recovery.