They combine experience, common sense, integrity, ideas, perseverance and the ability to inspire, motivate and work well with other people.
Carlos Gila, Oaktree Capital Management
Areas of operation:
A Swedish company, part of a US group in work out, had used $20 million to bring a high tech product to market. The parent company was unable to support the continuing cash burn and insolvency was threatened. BM&T Principals redirected technical resource from long-term development to resolve short-term operational issues, turning the company cash positive to avoid a bankruptcy filing, and then worked with the parent company to successfully divest the subsidiary to a UK trade buyer.
Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.