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M&A turnaround and negotiated composition

The March issue of TopHic focuses on turnaround strategies, also through M&A operations, nowadays an essential tool to face the ongoing change in the global business scenario.

Due to the pandemic businesses had to face one of the most severe financial crises ever, which significantly impacted their cash flow. The time factor and professionals specialised in turnaround strategies are key to manage the crisis without suffering its negative effects. A new tool to help distressed businesses is the negotiated composition, entered into force with Law Decree dated 15 November 2021.

In the last three years, the increase in the number of financial distressed businesses led to a parallel increase of M&A turnaround opportunities, thus widening the market segment of a sector little known so far.

Overview - Recent developments in the M&A turnaround market

By Sante Maiolica - Partner and CEO of Grant Thornton FAS

The global Covid-19 pandemic suddenly caused various structural changes which impacted the entire global economic and competitive market, redesigning supply chains, changing the relationships between businesses and employees and, most importantly, overturning the businesses’ approach to the market and [...]

 

Expert's opinion - Negotiated settlement: an innovative tool for insolvency

By Enrico Cimpanelli - Partner of Grant Thornton FAS

The economic downturn caused by the pandemic led - through Law Decree no. 118 dated 24 August 2021 (later converted into Law no. 147 dated 21 October 2021) - to a postponement of the entry into force of the Code of corporate crisis to 16 May 2022. Besides introducing amendments to some articles of the [...]

 

Focus on - The key role of banks and turnaround funds

By Giovanni Marino - Director Grant Thornton FAS

With the introduction of the negotiated composition, Law Decree no. 118/2021 seems to adopt a totally new approach to the cases of distressed businesses or possible insolvency. The legislator’s point of view actually shifted from that of the creditors to that of market and businesses, introducing a true and actual [...]