The lecture covers principles of distressed investments, corporate turnaround and operational due diligence. It also focuses on supply chain and working capital implications, use of asset backed lending, vertical integration and business model re-design.

Slides for the presentation can be seen by clicking the link below:
Operational Turnaround –Focus on Working Capital and Supply Chain

The article discussed effects of granting credit to customers, credit origination process,credit risk management, dilutions/late payments and their effects, concentrated A/R, effect of A/R policy on return on capital.

Reprinted with permission.

The article focuses on both buyer-centric and seller centric (such as distribution finance) models from risk, route to market, impact on the supply chain structure and systems/process points of view.

The masterclass was attended by senior M&A professionals of major Russian and CIS banks and industrial groups.

For link to English version of the presentation please click the title above.

Slides for the presentation can be seen by clicking the link below:
Operational Due Diligence -Key to M&A Success

This interactive working session will identify core issues that an
investor in a distressed company has to deal with at every stage:
pre-transaction, during deal structuring and post deal. Attendees
will receive ‘nuts & bolts’ guidance on strategic and operational aspects of distressed M&A deals, an analysis of the different objectives and approaches of participants (banks, private equity houses, corporate buyers and sellers, hedge
funds, etc.). The workshop is specifically designed to help you navigate the maze of operational due diligence, turnaround and exit strategies for distressed investments.
• Types of and reasons for distressed investment
• Practical techniques of operational due diligence
for distressed investments and their importance
• Pricing and evaluating distressed companies and their assets
• Capitalising on discounted price offerings
• Practical considerations in distressed M&A deal structuring

The lecture would focus on the role of operational due diligence, core areas investor needs to focus, and typical mistakes made by investors (private equity and others) in accessing their targets.

The article discussed the nature of trade receivables risks, its difference from other type of credit risk, its relationship to corporate strategy and approaches to design of optimal credit policy.

Reprinted with permission.