Collins & Aikman

$4bn – Auto component manufacture

Areas of operation:  

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.

Company Doctor's Diary

Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.