Company Restructuring and Turnaround in Brazil

Company restructuring, or turnaround, is the set of measures that takes a company out of a crisis: understanding why results and cash fell, renegotiating debt, adjusting operations and, when needed, leading a judicial recovery. Founded in 2008, TCP Partners works on company restructuring from diagnosis to execution, with executives inside the company when the situation calls for it.

Signs that a company needs restructuring

• Margins and cash falling for several months in a row.
• Debt growing faster than results.
• Shorter or more expensive bank credit.
• Late payments to suppliers or taxes.
• Conflict among shareholders or an unresolved succession.

How TCP restructures companies

1. Diagnosis
2. Restructuring plan
3. Execution with interim management (CRO)
4. Debt restructuring or judicial recovery, when needed
5. Controllership to sustain results

Restructuring services

• Diagnosis: the company’s current situation (assets, liabilities and indicators) and a strategic plan of alternatives to maximize value for shareholders.
• Debt restructuring: renegotiation with banks, funds and other creditors so that payments fit the company’s cash generation.
• Interim management: TCP executives, led by a CRO, take over management for a set period.
• Judicial recovery: the financial side of a judicial or extrajudicial recovery, from the list of creditors to the creditors’ approval of the plan, together with the company’s lawyer.
• Controllership: cash monitoring, budgeting, actual vs. budgeted results, presentations to shareholders and KPI tracking.
• IT services: IT restructuring, ERP implementation, systems integration, automation, governance and security.
• Solutions for private equity and family offices: diagnosis, turnaround plan, interim management and performance improvement in portfolio companies.
• Integration of companies after M&A: management fronts, synergies and systems after a merger or acquisition, coordinated by a CRO.

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