In any Restructuring & Turnaround effort there are key operational functions that must be realigned and refocused by applying specific knowledge and experience.
Stabilizing a business environment involves assigning authority and accountability, directing operational effectiveness, and integrating efforts across functional lines. At the same time, a business management firm must maintain a clear vision of the big picture view. Our analysis, our strategies, and our performance can be invaluable to performance improvement or growth initiatives, and to our clients who are faced with lender control issues.
For our crisis stage clients: technical covenant violations, conflicts between multiple lender interests, and rapid internal process changes all must be addressed simultaneously, without delay. You must be prepared with credible action plans, the resources to succeed on those plans, and multiple scenarios (sometimes adversarial to your lenders) to turn the tables on lender pressure in order to secure their cooperation as quickly as possible.
For clients who are experiencing portfolio deterioration, margin reduction, and finance limitations, the root causes should be obvious to any implementation-based management firm and corrective action must be taken immediately to prevent a transition to a crisis stage. Unwieldy G & A, non-performing or money-losing marketing channels, internal resistance to change, debt structures that no longer make sense, the inability to recognize strategic market opportunities, and wrongly-focused compensation plans are some of the most common issues that Trident can quickly resolve.