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Case Study

International Consulting Company

Multi-disciplinary, global professional services company providing expert witness testimony, litigation support, turnaround/restructuring services, and operational improvement and CFO support services.

Revenue

$360 million

Industry

Professional Services

Services Provided

Turnaround & Business Restructuring, Distressed M&A Support

Situation

The company was in the process of seeking a private equity investor to support growth and service line acquisitions. However, company had experienced recent operating losses, was missing cash forecast projections to the bank, and did not have a detailed plan and budget projection to support the completion of a transaction.

Accomplishments

  • Established a functional 26-week cash forecast using a revised detailed methodology, including revisions to how management reported operating performance and monitored billing and cash collections.
  • Using the rolling 26-week cash forecast, revised operating metrics, and a more comprehensive detailed budget forecast, the company obtained an amendment to its credit facilities and was able to complete a significant equity raise with a private equity firm.