I was very doubting when we first started the process, but Matthew is able to quickly assimilate a situation and give clear and concise advice that allayed my fears.
Andrew Fraser, Chairman of manufacturing company
Areas of operation:
A US group in Chapter 11 wished to exit its European operations, in the UK, France and Netherlands, and repatriate cash to the USA. BM&T advised on the optimum processes in each country and managed the orderly liquidation of assets in UK and Netherlands to generate cash for repatriation. BM&T also managed the sale process of the French company in a management buy-out, thus avoiding the very high French “Social Plan” lay-off costs in a closure that would have triggered European intercompany guarantees and reduced the funds available for repatriation from Europe.
Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.