Special Situations & Public Assets

Turning around troubled companies is a complex process that exposes the company to financial, industrial, and operational risks. For these reasons, the contribution of turnaround operators in terms of fresh financial resources and specialized expertise is often crucial.

In the area of special situations and non-performing exposures, we work with domestic and international entities (investment funds, SGRs, asset managers, servicers) in structuring, negotiating, and executing various transactions related to the acquisition and subsequent valorization of underlying assets and non-performing exposures (NPEs). The transactions typically involve both equity and debt interventions (the use of equity or equity-like instruments, provision of bridge financing and/or restructuring financial debt, share deals and asset deals) to address stressed, distressed, and event-driven contingencies in which the underlying assets lose value due to illiquidity, market disruption, business cyclicality, or weakness in a company’s capital structure.

In these areas, we offer specialized expertise, particularly in interventions with a significant public and social impact (such as releasing construction sites to perform public interest works, or the urban redevelopment of degraded areas), and from time to time we outline creative solutions that enable our clients to successfully navigate the complexity of the most varied scenarios. Our professionals’ specific skills in infrastructure, real estate, energy, and the environment allow us to propose and evaluate intervention hypotheses for various types of assets (loans, real estate, litigation, subsidiaries, etc.) subject to public regulations in complex situations.