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Financial Restructuring
Restructuring involves a broad array of options and roles for company owners and managers, creditors, shareholders and other stakeholders. In these situations, Triangle Capital can bring order to financial turmoil and provide structure amid disarray. Triangle Capital's professionals have experience on both the advisory as well as the operating side of businesses in distress, a reputation for thorough and comprehensive analyses of restructuring transactions and an ability to rapidly implement creative solutions. For clients, this translates into an ability to efficiently manage the restructuring process: thereby maximizing value and minimizing delay.
Triangle Capital has the ability to both anticipate the many variables of restructuring cases and analyze situations from the perspective of all constituencies. While the restructuring process is inherently fraught with risk and uncertainty, we strive to manage outcomes for the benefit of our clients, often employing innovative, unconventional methods when situations demand creativity. In many cases, the solution may include capital raising or an outright sale of the company, both of which we are experienced and prepared to handle.
Communication is critical to the success of each engagement. We therefore interface frequently with each stakeholder throughout the duration of the process. In addition, we educate our clients about their options, and assist them with implementing their decisions. We understand that this process occurs under a great deal of stress, and can lead to conflict amongst stakeholders as they attempt to protect themselves. Our process works to align the interests of the stakeholders, in order to minimize such conflicts.
Bankruptcy Advisory
In some cases, clients are faced with the difficult option of filing for bankruptcy. There are often actions a company can take in order to avert this filing. Triangle Capital can help to determine options for out-of-court restructuring, including refinancing of senior debt, placement of junior capital and distressed M&A.
However, it may be that filing for Chapter 11, an assignment to creditors or some similar procedure will yield the best outcome. In these cases, Triangle Capital will market a business as a going concern where stakeholders have concluded that either the business may not be viable on a stand alone basis, or that the expected sale value exceeds the longer-term going concern value, or that sufficient capital is not available to finance the process of confirming a stand alone plan of reorganization. Our process may include:
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Signing up stalking horse buyer(s) for assets
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Conducting an auction to achieve the highest price for a business
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Negotiation with creditors for assignment of specific assets
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Negotiation among various classes of creditors or participants in the capital structure
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