Capital & Debt Advisory - EY - United · PDF file• Synchronizing loan agreements ......
Transcript of Capital & Debt Advisory - EY - United · PDF file• Synchronizing loan agreements ......
Capital & Debt AdvisoryServices, Credentials & Contact
2 | Capital & Debt Advisory
3Ernst & Young Unsere Erfahrung – Ihr Schlüssel zum Erfolg
Just some of the topics we would like to discuss with you
Capitalagenda
Investing Rais
ing
Pre
se
rving Optim
izing
“ No matter whether you are looking to preserve, optimize, raise or invest capital, we will address your challenges and will work with you to make the most of the opportunities available. We call this your “capital agenda,” giving you the benefit of better, wiser and sounder decisions based on tailored concepts.” Britta Becker, Partner | Head of Capital & Debt Advisory
• Simplifying and adjusting the capital structure and balance sheet
• Structuring collateral• Covenant breaches• Collateral pool agreement• Extended repayment period
• Stress tests for all investment projects• Growth financing• Company acquisition• Defining target financial structures
• Introducing systematic capital allocation testing
• Synchronizing loan agreements• Refinancing • Negotiating interest rate spreads• Optimizing ratings
• Identifying additional financing sources and partners
• Using opportunities to refinance liabilities or raise equity
• Using subsidies
Services
• Simplifying and adjusting the capital structure and balance sheet• Structuring collateral• Covenant breaches• Collateral pool agreement• Extended repayment period
• Stress tests for all investment projects• Growth financing• Company acquisition• Defining target financial structures
• Introducing systematic capital allocation testing• Synchronizing loan agreements• Refinancing• Negotiating interest rate spreads• Optimizing ratings
• Identifying additional financing sources and partners• Using opportunities to refinance liabilities or raise equity• Using subsidies
3Capital & Debt Advisory |
Credentials
2011 2013
EY provided advice on funding alternatives for a portfolio of renewable energy power plants
Capital Raise
2012
EY provided comprehensive credit rating advisory
Rating Advice
2012
EY provided sole advice on the restructuring of all debt and equity
Capital Restructuring
2012
EY facilitated and gave preparatory advice for initial credit rating
Rating advice
2012
EY provided sole advice on refinancing of NSE’s bank debt
Refinancing
2010
EY provided advice on early refinancing alternatives of its syndicated loan
Syndicated Loan FacilityPRESERVING
➤Stress/distress – e.g., liquidity issues, and turnaround plans
➤Customer and supplier analysis➤Preserving tax assets/minimizing
costs➤Refinancing or restructuring debt,
equity and other obligations➤Dealing with stakeholder relation-
ships/pressure➤Dispute resolution
➤Acquisitions and alliances➤Planning/structuring transactions
to optimize stakeholder return➤Focused due diligence to mitigate
risk/drive value➤Asset valuations➤➤Cost and tax efficient structures
INVEStING
➤Asset divestment➤Optimizing funding structures➤Fundraising (equity and debt) – IPO
readiness, right issues, PE, private placement and capital markets
➤Infrastructure projects➤Cost and tax efficient structures
RAISING
OPtIMIzING
➤Optimizing asset portfolio➤Delivery of synergies/effective
integration➤Improving working capital and
releasing cash➤Optimizing capital structure➤Optimizing tax and corporate
structure
Services
CAPItAl AGENDA
2011 2010
2011
2010
2011Current
Refinancing Bond Structuring Syndicated loan Facility
Capital RestructuringCorporate Structuring Joint Venture Structuring
Ernst & Young Capital & Debt Advisory Ernst & Young Capital & Debt Advisory
Credentials
Ernst & Young provided strategic advice on refinancing in the credit and capital market
Ernst & Young provided a second opinion on bond structuring alternatives
Ernst & Young provided advice on early refinancing alternatives of its syndicated loan
Ernst & Young advised on the reduction of share capital with subsequent capital increase
Ernst & Young advises on a hold-ing structure considering financing requirements and an optimized balance sheet structure of its subsidiaries
Ernst & Young performed a risk analysis on the designated joint venture partner
EY_Flyer_CapitalAdvisory_en.indd 2 19.10.11 13:07
PRESERVING
➤Stress/distress – e.g., liquidity issues, and turnaround plans
➤Customer and supplier analysis➤Preserving tax assets/minimizing
costs➤Refinancing or restructuring debt,
equity and other obligations➤Dealing with stakeholder relation-
ships/pressure➤Dispute resolution
➤Acquisitions and alliances➤Planning/structuring transactions
to optimize stakeholder return➤Focused due diligence to mitigate
risk/drive value➤Asset valuations➤➤Cost and tax efficient structures
INVEStING
➤Asset divestment➤Optimizing funding structures➤Fundraising (equity and debt) – IPO
readiness, right issues, PE, private placement and capital markets
➤Infrastructure projects➤Cost and tax efficient structures
RAISING
OPtIMIzING
➤Optimizing asset portfolio➤Delivery of synergies/effective
integration➤Improving working capital and
releasing cash➤Optimizing capital structure➤Optimizing tax and corporate
structure
Services
CAPItAl AGENDA
2011 2010
2011
2010
2011Current
Refinancing Bond Structuring Syndicated loan Facility
Capital RestructuringCorporate Structuring Joint Venture Structuring
Ernst & Young Capital & Debt Advisory Ernst & Young Capital & Debt Advisory
Credentials
Ernst & Young provided strategic advice on refinancing in the credit and capital market
Ernst & Young provided a second opinion on bond structuring alternatives
Ernst & Young provided advice on early refinancing alternatives of its syndicated loan
Ernst & Young advised on the reduction of share capital with subsequent capital increase
Ernst & Young advises on a hold-ing structure considering financing requirements and an optimized balance sheet structure of its subsidiaries
Ernst & Young performed a risk analysis on the designated joint venture partner
EY_Flyer_CapitalAdvisory_en.indd 2 19.10.11 13:07
2012
EY advises on a holdingstructure considering financing requirements and an optimized balance sheet structure of its subsidiaries
Corporate Structuring
PRESERVING
➤Stress/distress – e.g., liquidity issues, and turnaround plans
➤Customer and supplier analysis➤Preserving tax assets/minimizing
costs➤Refinancing or restructuring debt,
equity and other obligations➤Dealing with stakeholder relation-
ships/pressure➤Dispute resolution
➤Acquisitions and alliances➤Planning/structuring transactions
to optimize stakeholder return➤Focused due diligence to mitigate
risk/drive value➤Asset valuations➤➤Cost and tax efficient structures
INVEStING
➤Asset divestment➤Optimizing funding structures➤Fundraising (equity and debt) – IPO
readiness, right issues, PE, private placement and capital markets
➤Infrastructure projects➤Cost and tax efficient structures
RAISING
OPtIMIzING
➤Optimizing asset portfolio➤Delivery of synergies/effective
integration➤Improving working capital and
releasing cash➤Optimizing capital structure➤Optimizing tax and corporate
structure
Services
CAPItAl AGENDA
2011 2010
2011
2010
2011Current
Refinancing Bond Structuring Syndicated loan Facility
Capital RestructuringCorporate Structuring Joint Venture Structuring
Ernst & Young Capital & Debt Advisory Ernst & Young Capital & Debt Advisory
Credentials
Ernst & Young provided strategic advice on refinancing in the credit and capital market
Ernst & Young provided a second opinion on bond structuring alternatives
Ernst & Young provided advice on early refinancing alternatives of its syndicated loan
Ernst & Young advised on the reduction of share capital with subsequent capital increase
Ernst & Young advises on a hold-ing structure considering financing requirements and an optimized balance sheet structure of its subsidiaries
Ernst & Young performed a risk analysis on the designated joint venture partner
EY_Flyer_CapitalAdvisory_en.indd 2 19.10.11 13:07
2011
EY provided strategicadvice on refinancing in the credit and capital market
Refinancing
2010
EY provided a secondopinion on bond structuring alternatives
Bond Structuring
PRESERVING
➤Stress/distress – e.g., liquidity issues, and turnaround plans
➤Customer and supplier analysis➤Preserving tax assets/minimizing
costs➤Refinancing or restructuring debt,
equity and other obligations➤Dealing with stakeholder relation-
ships/pressure➤Dispute resolution
➤Acquisitions and alliances➤Planning/structuring transactions
to optimize stakeholder return➤Focused due diligence to mitigate
risk/drive value➤Asset valuations➤➤Cost and tax efficient structures
INVEStING
➤Asset divestment➤Optimizing funding structures➤Fundraising (equity and debt) – IPO
readiness, right issues, PE, private placement and capital markets
➤Infrastructure projects➤Cost and tax efficient structures
RAISING
OPtIMIzING
➤Optimizing asset portfolio➤Delivery of synergies/effective
integration➤Improving working capital and
releasing cash➤Optimizing capital structure➤Optimizing tax and corporate
structure
Services
CAPItAl AGENDA
2011 2010
2011
2010
2011Current
Refinancing Bond Structuring Syndicated loan Facility
Capital RestructuringCorporate Structuring Joint Venture Structuring
Ernst & Young Capital & Debt Advisory Ernst & Young Capital & Debt Advisory
Credentials
Ernst & Young provided strategic advice on refinancing in the credit and capital market
Ernst & Young provided a second opinion on bond structuring alternatives
Ernst & Young provided advice on early refinancing alternatives of its syndicated loan
Ernst & Young advised on the reduction of share capital with subsequent capital increase
Ernst & Young advises on a hold-ing structure considering financing requirements and an optimized balance sheet structure of its subsidiaries
Ernst & Young performed a risk analysis on the designated joint venture partner
EY_Flyer_CapitalAdvisory_en.indd 2 19.10.11 13:07
PRESERVING
➤Stress/distress – e.g., liquidity issues, and turnaround plans
➤Customer and supplier analysis➤Preserving tax assets/minimizing
costs➤Refinancing or restructuring debt,
equity and other obligations➤Dealing with stakeholder relation-
ships/pressure➤Dispute resolution
➤Acquisitions and alliances➤Planning/structuring transactions
to optimize stakeholder return➤Focused due diligence to mitigate
risk/drive value➤Asset valuations➤➤Cost and tax efficient structures
INVEStING
➤Asset divestment➤Optimizing funding structures➤Fundraising (equity and debt) – IPO
readiness, right issues, PE, private placement and capital markets
➤Infrastructure projects➤Cost and tax efficient structures
RAISING
OPtIMIzING
➤Optimizing asset portfolio➤Delivery of synergies/effective
integration➤Improving working capital and
releasing cash➤Optimizing capital structure➤Optimizing tax and corporate
structure
Services
CAPItAl AGENDA
2011 2010
2011
2010
2011Current
Refinancing Bond Structuring Syndicated loan Facility
Capital RestructuringCorporate Structuring Joint Venture Structuring
Ernst & Young Capital & Debt Advisory Ernst & Young Capital & Debt Advisory
Credentials
Ernst & Young provided strategic advice on refinancing in the credit and capital market
Ernst & Young provided a second opinion on bond structuring alternatives
Ernst & Young provided advice on early refinancing alternatives of its syndicated loan
Ernst & Young advised on the reduction of share capital with subsequent capital increase
Ernst & Young advises on a hold-ing structure considering financing requirements and an optimized balance sheet structure of its subsidiaries
Ernst & Young performed a risk analysis on the designated joint venture partner
EY_Flyer_CapitalAdvisory_en.indd 2 19.10.11 13:07
2014
EY provided sole advice on refinancing of Nüssli’s bank debt
Refinancing
2015
EY provided comprehensiveadvice on a co-investor concept for a portfolio of renewable energy power plants
Capital Raise
2015
EY provided sole lead advice on the restructuring of the group’s financial debt
Debt Restructuring
2011 2015
EY provided advice on the pricing for IC loans at-arm’s-length for tax purposes
Transfer Pricing
2015
EY provided sole lead advice on the contingent liability management relating to the ongoing fund program for the shipping sector
Contingency Planning
2015
EY provided sole lead advice on a private equity placement to finance further growth
Capital Raise
2015
EY provided sole lead advice on the bail-out of its Companys AG
Accelerated M&A
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Dr. Michael MärkiHead of Capital and Debt Advisory, SwitzerlandDirect line: +41 58 286 34 23Mobile: +41 58 289 34 [email protected]
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