Distressed debt / special situations example / case study
Hello folks, can anyone share an example of a special situations / distressed deal you’ve worked on?
Keen to understand underlying thinking and how you’d get comfortable “fixing” a declining / failing business when even the current owners / founders have thrown in the towel..
I mean I get that valuations are justified, there is upside from where current debt is trading etc - but underlying this, how do you get comfortable that the business will recover? What are the key things a distressed / SS investor looks for?
bump
I would pick up "Fix Any Business in 100 Days" by Jeff Sands. It's the best book that goes through exactly what you're looking for. He covers all the basics as well as some great tactical examples that you can implement. I literally took one of his templates, changed a few things and then sent it to a creditor for one of our turnaround deals and the creditor pushed the debt back by about 6 months. It is standard reading material for our employees now too in their first week with us.
Not OP, but thank you!
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