After a successful outcome we are moving forward on the basis of his proposals.
Andrew Fraser, Chairman of manufacturing company
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A major global auto manufacturer engaged BM&T Principals to advise on its risks, options and exposure in the 26 European subsidiaries based in nine countries of a $4 billion USA auto parts supplier in Chapter 11. BM&T Principals assisted in managing OEM cash flow support whilst the insolvency jurisdictional filing options were being assessed by the supplier’s management. Following the filing under a UK COMI, BM&T Principals advised a leading Private Equity buyer in due diligence to determine the viability of each entity and to establish the optimum group of entities which were subsequently acquired from the administration process.
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Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.