Estudios de caso
J.S. Held adquiere Element Forensic Engineering, ampliando así sus capacidades especializadas en seguros para reclamos de daños a la propiedad en el segmento de empresas medianas y de grandes en todo Canadá
LEER MÁSA long-standing Hardee's franchisee operating 145 restaurants faced significant operational and financial challenges. Approximately 50 locations were losing money, while the Hardee's brand was experiencing negative same-store sales performance. Adding further pressure, the franchisor was requiring remodel investments across most of the portfolio, creating substantial capital expenditure demands. The owners had decided to exit the franchise operation.
Complicating matters, the franchisor opposed the closure of underperforming restaurants, limiting management's ability to address persistent losses and improve profitability. At the same time, the secured lender faced the prospect of virtually no recovery on its $22 million debt position. While the owners also operated a separate and legally distinct 100-restaurant Hardee's franchise business that remained profitable, the challenged portfolio required a restructuring strategy to preserve value and support an orderly sale process.
Our team was engaged to help develop and execute a strategy to improve operating performance and optimize value prior to a sale. Our experts entered negotiations with the franchisor regarding both restaurant closures and the potential disposition of the franchise business.
To support the restructuring effort, the team engaged a real estate consultant to pursue rent reductions where appropriate and an investment banker to market the business to prospective buyers. Through difficult negotiations with the franchisor, which we, as outside consultants, led, approval was ultimately obtained to close more than 40 underperforming restaurants. These closures improved EBITDA by approximately $4 million and helped strengthen the overall business prior to the sale.
The real estate consultant secured rent savings through negotiations, while the investment banker identified and secured a stalking horse bidder. The company subsequently filed for Chapter 11 with the goal of selling the business and completed a sale transaction. As a result, the secured lender recovered more than 70% of its debt exposure, representing an improvement of approximately $16 million over the baseline recovery expectation. The owners were also able to continue operating their separate profitable Hardee's franchise business.
> Asesoría sobre bancarrota
Navegar un proceso de bancarrota es inherentemente complejo, ya que suele involucrar empresas en dificultades, litigios, registros financieros incompletos o inexactos, posibles fraudes y otros desafíos, además de estrictos procesos impuestos por los tribunales. Nuestro equipo experimentado de expertos en reestructuración y recuperación orienta a los clientes de manera fluida a lo largo de todo el proceso para optimizar los resultados para prestamistas, acreedores, accionistas y empleados.
> Servicios de recuperación y reestructuración
Superar los numerosos desafíos que enfrenta una empresa en transición requiere un enfoque operativo que vaya más allá del balance. Este enfoque tiene como objetivo evitar una mayor caída y crear un camino hacia el crecimiento sostenible. Basándonos en décadas de experiencia en el ámbito de la recuperación, ayudamos a las empresas en transición a identificar estrategias prácticas para mejorar la rentabilidad y la liquidez para lograr un alivio inmediato, al mismo tiempo que desarrollamos y ejecutamos un plan de recuperación integral para la creación de valor sostenible a largo plazo.
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