Case Studies: Carom

Carom

€80m – Chemicals

Areas of operation:

Acted as financial manager and advisor to a Romanian synthetic rubber, chemicals (MTBE, LPG and Butadiene) and chemical storage plant in Romania in a restart of production leading to a period of profitability before its owners and funders withdrew support due to pressure from their Austrian bank lender group, itself in financial difficulty. Subsequently prepared a sale memorandum for the insolvency administrator and introduced potential international buyers from Asia and Europe to engage in negotiations with the Administrator which are ongoing.

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