Corporate Restructuring & turnaround

It may seem that corporate restructuring and turnaround has come to Europe because of the global financial difficulties currently affecting all industries, but this form of expertise has been on the rise in Europe since the turn of the century and Torres and Partners have been assisting Management Consultancies in identifying talent in this sector for the most significant part of this time.  A number of factors resulted in the exponential growth of this service ahead of the current financial downturn which included; changes to European law concerning corporations in financial difficulties, the advent of Private Equities and Venture Capitalists with highly leveraged Portfolios and the success of ‘Chapter 11’ management consultancies in the US to turnaround failing businesses and to offer these services in Europe.

Management Consultancies with restructuring and turnaround practices seek individuals with the ability to solve complex financial and operational business issues in demanding circumstances where the ‘ticking clock’ reminds them constantly that the survival of their customer’s business is in their hands.  Whilst these restructuring companies often compete for the same assignments and fulfil their engagements in a similar manner, often taking positions on the Boards of their customers, the type of individual they hire is quite distinct.  Some prefer the classic management consultant from the top branded management consultancies who can display the very highest levels of analytical rigour, problem resolution, stakeholder management and general intelligence, whilst others prefer drawing upon candidates with deep industry experience, which has included significant amounts of restructuring and turnaround.

If you are interested in discussing opportunities either in Corporate Restructuring & Turnaround or in our other Management Consultancy specialist areas of market knowledge (Performance Improvement & Corporate Strategy), call our Head of Practice, William Illing on Tel: +44 (0) 203 411 87 97

‘I wouldn’t hesitate to use Torres and Partners again and have recommended them to friends. Every step of the process was handled professionally - demonstrating a thorough knowledge of the industry and what it takes to deliver to the very highest service standards. From the candidate’s perspective, I would draw attention to William’s acute market, candidate and interviewer awareness, his resposiveness and integrity’. - Cindy Godwin – Director - Alix Partners