PROFILEDEVELOPMENTRESCUEdistressed investmentsturnaround managementconsulting

Case 3: Automotive supplier with $300m sales, 1500 employees (completed)

Initial position:

Quoted on stock exchange

Over-indebtedness: $70m

Brief: financial turnaround


EXMAG designed a "debt-to-equity" swap, allowing a hedge fund to manage the bad loans of the creditor-bank pool and to exchange part of them for the equity of the target company

Results after 9 months:

Banks cooperate to swap debt into equity

Debt relief

Avoidance of bankruptcy: successful debt-to-equity swap saved the crisis company at the last minute

Case 1: Service provider with CHF2.3bn sales; 7,000 employees (completed)



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