By Definition, Turnaround Requires Change.
To steer an underperforming organization in a truly new direction, change is often required at the highest level. Sometimes, existing management simply doesn’t have the tools to manage the crisis at hand. We know that finding and hiring qualified permanent managers takes time and we know that creditors, employees and customers won’t wait. At times like these, Berwyn Capital Interests is available to serve as interim manager in the role of CEO, CFO, CRO, or COO. In an interim role, we quickly take the steps necessary to stabilize operations and cash flow.
We have a broad range of experience serving troubled companies, secured lenders, bondholders, creditor committees, acquirers and other stakeholders. As a result, we understand the unique needs of each. We work closely with the board of directors, stakeholders, counselors and other advisors to develop solutions that ultimately lead to recovery. And we leverage both internal and external resources to turn those solutions into actions.
Whether the situation calls for developing a full plan of reorganization, formulating corporate or divisional strategies, restructuring existing debt or equity or securing additional investment capital, we know what is important to each participant. Our experience allows us to anticipate obstacles in the renewal process and help the company navigate them, keeping the turnaround on course while minimizing the potential conflicts
You can expect our professionals to:
- Provide leadership as a management team member
- Manage the immediate crisis
- Open communication lines with all stakeholders
- Diagnose the underlying problems
- Arrange funding as needed