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Financing Turnarounds
It is usually essential in all turnarounds, to inject either replacement or additional finance into a restructuring. This is because turnarounds have a very high propensity to absorb funds at a greater rate than going concern restructurings. TMP are leading experts in this field. We have been active in promoting Turnaround Finance.com
This explains the following:
1. The principles of turnaround finance and the types of deals and finance commonly available.
This includes a fully downloadable guideline which was co-authored by Douglas MacDonald
for the Corporate Finance Faculty of the Institute of Chartered Accountants in England and Wales.
2. A database of providers of specialist turnaround finance.
3. A database of specialist turnaround finance advisors who can advise on structuring and
obtaining turnaround finance.
TMP Turnaround Capital
Very importantly, TMP is an advisor to TMP Turnaround Capital. TMP Turnaround Capital is a turnaround fund made up of TMP partners’ funding sources which invests solely in business rescues. TMP Turnaround Capital commonly invests alongside other partners on a syndicated basis. The following explains TMP Turnaround Capital's investment criteria.
Types of Business
1. Established business with at least £5m turnover – although we can be flexible.
2. Proven historic profitability despite current financial difficulties.
3. Predominantly the right operational resources, systems and people.
4. Underlying commercial viability with a sound business plan.
Types of Investments
Any investment in a distressed environment, including:
1. Buy out of secured creditors (banks, etc.)
2. Financing administrations and company voluntary arrangements.
4. Turnaround finance (requiring no insolvency procedure).
5. Debt purchases.
Preferred Transaction Size
Preferred minimum facility of £500,000 of combined equity and loan finance.
Transaction Speed
Financing facilities (in the appropriate circumstances) completed in an average of 21-30 days from initial consideration.
We were voted
"Leading Independent Turnaround Firm in
the UK"
Inside Guide
TMP UK
Level 25 Tower 42
25 Old Broad Street
London EC2N 1HQ
United Kingdom
T: +44 (0)20 7496 1010
F: +44 (0)20 7374 8341
TMP SA
Ruskin House
Roeland Street
Cape Town 8001
South Africa
T: +27 21 461 2647
F: +27 (21) 461 2642
Map Link
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