We provide a diverse set of services that are proven to help executives at middle market companies to overcome their most complex business challenges and achieve strategic and financial goals. Our team’s breadth of experience and depth of understanding of our clients’ businesses and industries allows us to quickly assess situations and provide fast-acting solutions. Our clients realize this guidance through the following services:

Creditor Advisory

APA provides advisory services to lenders and unsecured creditors in complex distressed situations both in and out of court. We specialize in giving clients with an informed assessment of the core issues surrounding business viability and the recovery of value. Our management and operations experience in distressed situations gives us a unique understanding of how to evaluate restructuring risks and opportunities from a pragmatic as well as strategic perspective.

We work closely with all parties of interest to provide a broad range of services including:

  • Business plan development, review, diligence, and scenario analysis
  • Contingency planning
  • Financial restructuring
  • Liquidity and business stabilization
  • Management of complex wind-downs
  • Negotiation of amendment and forbearance agreements
  • Operational restructuring and due diligence
  • Performance monitoring and reporting
  • Restructuring planning and implementation
  • Transaction diligence
  • Management evaluation

Transaction Advisory

Our professionals provide assistance in a variety of restructuring-related transactions, from debt origination or asset disposal for a troubled company, to performing due diligence for an investor evaluating a business acquisition, or pre-transaction diligence and preparation for businesses planning a sale process. Whether the need is to better understand enterprise value, assess risks, liquidate assets, or maximize enterprise value for a sale, our experience across numerous industries provides insight into the operational issues beyond the balance sheet.

Investment Due Diligence

  • Operational and organizational due diligence
  • Operational advisory
  • Management team assessment
  • Profit improvement planning

Business Integration

  • Pre-close planning of business integration
  • Execution of business integration plans

Exit Strategies

  • Seller planning and preparation for sale process
  • Exit planning advisory
  • Non-core asset divestiture

Turnaround & Restructuring

Our teams of advisors help middle market company executives and their stakeholders navigate through the challenges of market changes, regardless of the company’s life stage. We do it by leading partnerships between companies, sponsors and outside advisors. We help each to focus on shared goals that move the restructuring process forward and freeing management to drive the business and identify ways to enhance enterprise value. Our services include:

  • Business plan development and implementation
  • Business reviews
  • Contingency planning
  • Debt reorganization
  • Financial restructuring
  • Liquidity management and stabilization
  • Business stabilization
  • Operational restructuring leadership and execution
  • Restructuring planning and implementation

Late-stage distress and insolvency services:

  • Trustee and receivership appointments
  • Complex creditor negotiation
  • Asset Sales (363 Sales)
  • Insolvency / bankruptcy proceedings
  • First Day Motions
  • Statements and schedules
  • Claims resolution
  • Employee/Vendor communications
  • Plan of Reorganization development
  • Preference analysis and recoveries
  • Company wind-downs

Interim Management

Our professionals are seasoned operating executives accustomed to stepping into a variety of roles when assisting companies through difficult transitions. APA professionals have a depth of experience in advising private equity sponsors looking to accelerate or improve results in portfolio companies.

By assuming on-site, day-to-day senior management positions (e.g., chief restructuring officer, interim CEO, COO, CFO), our professionals take on operating roles that are pivotal to driving a successful restructuring effort, preserving enterprise value and managing high-growth environments. We do this through:

  • Business plan development and implementation
  • Business reviews
  • Contingency planning
  • Crisis management triage in situations of
    • Unexpected management transition
    • Legal, regulatory, reputational issues
    • Covenant defaults, loss of executive confidence
  • Financial restructuring
  • Interim C-suite and functional roles to address
    • Poor performing investment
    • Weak processes, reporting or controls
    • Need for culture change agents
    • Need for particular expertise
    • Corporate carve-out transitions
  • Liquidity and business stabilization
  • Management of complex wind-downs
  • Operational restructuring
  • Restructuring planning and implementation

Performance Improvement

Growing companies and driving higher enterprise valuations is what our team of advisors do, day in and day out. We recognize that each business and its circumstances are unique, so we customize solutions that are realistic, achievable and sustainable. Our approach is proven for companies at any life stage, from operations rapidly outgrowing their current model to those struggling to ignite profitable growth. Clients look to APA to address:

  • Disappointing operating results
  • Continuing declines in operating margins and other key success measurements
  • Slowdown in historic revenue growth
  • Erosion of liquidity
  • Board/management’s strategic review of operating units/divisions
  • New debt or refinancing
  • Negotiation of restructuring of balance sheet obligations
  • Divestiture of division(s) or sale of entire enterprise
  • Changes in market or operating environments

Performance Improvement services include:

  • Product/Service/Channel/Geography/Customer Profitability Analysis
  • Product/Service Cost Assessment
  • Asset Infrastructure Rationalization
  • Organizational Effectiveness Assessment
  • Liquidity Improvement Initiatives
  • Management Controls and Process Improvement Assessments
  • Compensation and Incentive Plan Design
  • Business Plan Development
  • Interim Management and Transition Leadership
  • Implementation Support
  • Divestiture of Non-Core Operations
  • Key Project Management
  • Identification and implementation of Key Performance Indicators
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