Restructurings, Turnarounds and Reorganizations: Challenge Represents Opportunity


Herrera Partners has extensive experience completing merger, acquisition and financing transaction assistance in restructurings and distressed situations. Our approach includes planning the form of transaction, developing descriptive selling memoranda, identifying buyers, managing due diligence, negotiating, structuring and closing the transaction. Working with CROs, turnaround and work-out professionals requires an ability to respond immediately and assist troubled companies in resolving complex financial issues. When trouble brews, we provide timely, personal attention. Our services include refinancing of debt and equity facilities, orderly disposition of plan assets to achieve the highest and best value, development of potential stalking horse candidates, analysis and verification of fair market value pursuant to plan confirmation and pre-packaged plans.

In a restructuring situation, or when a company is in financial distress, merger, acquisition, financing advisory and transactional support services are complex, deadline driven and time-critical. Our mix of dedication, experience and talent distinguishes us in distressed and restructuring situations. Our financial expertise and strong relationships in key industries has helped many companies work through financial and operational difficulty.

If your company is in financial distress, encountering operational difficulty or in non-compliance with borrowing covenants, consider Herrera Partners your investment banker:

  • We understand the legal, economic and management impact that financial difficulties have, not just on companies, but on entire market segments.
  • There are solutions, but finding them often requires creativity, thorough understanding of complex legal and financial issues, and a network of confidential resources that know every problem contains the seeds of opportunity.
  • Confidentiality is an important ingredient of success and is best maintained through a trusted, third-party intermediary. Managing a financial restructuring or distressed sale off-site is crucial to maintaining confidence among employees and preventing hostile interference from outsiders and competitors.
  • Transaction assistance requires a strategic discipline coupled with an understanding of important market drivers. We offer independent, market-focused valuation expertise that often results in higher valuations and improved transaction structures than initially contemplated by our clients.
  • Managing a transaction often conflicts with running the underlying business. Engaging a trusted investment banker allows ownership and management to better leverage their internal resources and thus remain operationally focused.
  • Sarbanes Oxley has raised the bar for management and boards of directors and increased the importance of reliance on initial valuations and fairness opinions. We provide sound, independent counsel on all matters including a proven ability to defend our valuations and fairness opinions in the event of shareholder derivative or class action litigation.
  • Managing the sale of an over-leveraged, troubled or distressed company requires a specific set of skills and talents. Our success with previous restructuring engagements and level of our recurring business with existing clients is evidence of our capability.