Restructuring Advisory
Providing core solutions for corporate recovery
Highlights
- Provide comprehensive restructuring, recapitalization and revival advisory services for corporates under stress
- Significant experience and expertise in structuring tailored solutions to help turn around businesses
The Recapitalization and Restructuring group provides the complete array of advisory solutions for corporates in financial difficulty.
Led by an experienced team with a proven track record in restructuring advisory, the firm’s expertise in understanding client needs in detail helps in designing innovative, customized & timely solutions and effectively implementing them.
To see key deals, click here
The team specializes in:- Financial Restructuring / One Time Settlement through Bilateral negotiations / Corporate Debt Restructuring mechanism / Board for Industrial and Financial Restructuring platform / Restructuring under High Court route with lenders
- Business and Corporate restructuring through demerger, hive-offs and subsidarisation
- Unlocking value from non core assets
- Sourcing and arranging Private and Institutional Equity for distress companies
- Sourcing and placing Private and Institutional Debt for distress companies
- Alternative sources of capital – convertibles, mezzanine funding etc
- Family Dispute Settlement
- Strategize, design and execute amicable solutions in relation to property, assets and businesses
- Equity / Debt resolution
- Emphasis on shareholders’ right and assistance of regulatory bodies to resolve equity investments
- Resolution through legal remedies, security enforcement and encashment in debt
Key Deals
Some of the most complex restructuring transactions undertaken include:
- In 2008, sole advisor to a leading plywood company for its restructuring and recapitalization. The banking community comprising 15 lenders recovered more than Rs. 1.5 bn from a sick company, which was unable to meet its obligations for the previous seven years. In addition, advised the company for raising finance to meet past liabilities and recommence operations
- In 2008, recapitalization of a chemical and logistics company with over Rs. 4 bn of debt, involving more than 15 lenders. Kotak was the sole advisor for the recapitalization transaction
- In 2007, sole advisor to an emerging North India-based hospitality company for structuring the transaction with the investor
- In 2006, acted as an advisor to one of the highly reputed names in the FMCG industry and worked out a family dispute settlement
- In 2006, one of the leading players in the exterior paints industry was in deep stress with debt in excess of Rs. 2 bn and an asset value of Rs. 0.40 bn. Kotak was the exclusive advisor to the company for its restructuring and recapitalization leading to its turnaround
- In 2006, sole advisor to a leading machine tool manufacturing company saddled with debt of approx Rs. 8 bn mainly due to delay in project execution and arranging working capital funds. Kotak acted as sole advisor to the company for a settlement with large public sector banks and NBFCs
- In 2001, sole advisor to a NBFC group to resolve a corporate dispute with two leading Indian corporates
