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ATLAYS | Atlays Emergency : notre task force de restructuring
Atlays Emergency est la solution de restructuring d’Atlays, dirigée par Thierry Viquerat, spécialiste reconnu du restructuring en France.
restructuring,restructuration,crise,difficultés financières,procédure collective,plan de sauvegarde, plan de continuation,procédure de conciliation,dettes,créances,cash out
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ATLAYS EMERGENCY : OUR RESTRUCTURING TASK FORCE

Crisis situations (that put a business in short or long-term jeopardy) are not unusual for startups and small and medium-sized businesses, and can result from errors, mismanagement or fraud. Statistics show that crisis is an integral part of business risk.

However, investor shareholders, managers, and executives are not always prepared to manage the highly specific circumstances of a crisis. A sense of urgency can lead them to take the wrong course of action and make the situation worse. This is why it’s essential to enlist the services of specialists who can quickly determine the best possible legal, financial and organizational options.

Atlays Emergency is Atlays’s restructuring solution, run by Thierry Viquerat, a well-known business restructuring specialist in France. Atlays Emergency is made up of a transdisciplinary team of interim executives who work in collaboration with an expert to provide support to business leaders, drawing upon experience they have gained by helping hundreds of other companies through challenging situations. We favor a cross-disciplinary approach, and design solutions that combine expertise in insolvency and related proceedings, financial engineering, business law and administration, organization, human resources management, and more. Our unique solutions are different from the often-limited “silo” approaches that are frequently offered by law and accounting firms. Atlays Emergency provides immediate, complete, effective and lasting solutions for businesses facing difficulties.

RESTRUCTURING SPECIALISTS IN FRANCE

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TRANS-DISCIPLINARY APPROACH

SPECIALIZED IN SME AND STARTUPS

NEARLY 850 INSOLVENCY AND RELATED PROCEEDINGS MANAGED

EXPERT UNDERSTANDING OF KEY STAKEHOLDERS

COMPREHENSIVE UNDERSTANDING OF RESTRUCTURING PROCESSES

EVALUATION AND STRATEGY FOR INSOLVENCY AND RELATED PROCEEDINGS

Immediately after beginning our collaboration with your company, the Atlays Emergency team will perform a strategic evaluation to determine the state of the company.

  • Creating a comprehensive business profile
  • Developing an strategic action plan that outlines multiple different possible scenarios. Creating a schedule and dividing the project into phases
  • Orchestrating a strategy in the context of insolvency and related proceedings, in order to make the most of these proceedings within the framework of the law, and group together/plan a sequence of proceedings to reach the desired objective.
OPERATIONAL MANAGEMENT IN THE CONTEXT OF INSOLVENCY AND RELATED PROCEEDINGS

One of the ways that Atlays Emergency can help business leaders through difficult circumstances is by assisting with operating activities during insolvency and related proceedings. Thanks to their many years of practical experience, our experts can provide assistance with:

  • Operational practices for initiating proceedings
  • Communicating with contact persons throughout France
  • Local practices and procedures specific to different courts.
  • Development of safeguard and continuation plans
  • Ability to assist and guide business leaders through each element of the procedure, and answer all questions they may have.

 

TREASURY MANAGEMENT DURING A CRISIS

Drawing on their extensive expertise in corporate finance, Atlays chief financial officers can help your company manage its treasury effectively. In this way, Atlays Emergency helps the executive director regain perspective on his or her business operations.

  • Well-managed liquidity plans
  • Non-payment management
  • Assistance with negotiations and moratoriums, prioritization and categorical planning, as well as communication with public and private creditors
INDEPENDENT BUDGET REVIEW, CRISIS AUDIT, FORECASTS

Atlays Emergency draws upon their financial officers’ extensive knowledge and experience in business planning and financing to assist with :

  • Crisis business plans
  • Financing plans for recovery or divestment operations
  • Operational cost and cash flow forecasts
  • Court validation
  • Project validation for buyers
CRISIS MERGERS AND ACQUISITIONS

Atlays Emergency combines expertise in insolvency and related proceedings with extensive knowledge of merger and acquisition operations, in order to implement :

  • Divestments in the context of proceedings, alongside the debtor
  • Acquisitions in the context of proceedings (such as a disposal plan and purchasing of funds and individual assets)
STRATEGIC CONSULTING FOR EXECUTIVE DIRECTORS

Maintaining clarity and gaining an overall perspective of events is often a challenge for executive directors in a crisis situation, as they are, by definition, alone at the head of the company. Atlays Emergency’s team of executives, all of whom are former executive directors or management committee members, not only provide a clear perspective on the situation, but also present an opportunity to exchange ideas among peers and compare different points of view, with the goal of finding the best possible solution on both a technical and human level.

  • Assisting the executive director in case of conflicts or tension with employees
  • Assisting the executive director in case of conflicts or tension with shareholders or investment funds. Wash-out rounds
CUSTOMIZED MANAGEMENT SOLUTIONS FOR STARTUPS

Because of their funding methods, management specificities and the unique types of difficulties that they face, restructuring start-ups requires a highly targeted approach. Since their inception, Atlays Emergency has worked with startups year-round, gaining a unique understanding of this business structure.

This has allowed us to identify three of the most common situations in which a start-up might require restructuring assistance :

  • A funding round or sale that has been delayed, with a cash-out in the near future.
  • Running low on funds in a loss-making situation. The cash-out deadline is measurable. Restructuring is necessary, but too costly.
  • The start-up is using funds too quickly. The estimated life of the project is calculated based on its funds, its revenues and its burn rate. Extensive restructuring does not make sense.

In these three difficult situations, conflicts between founders, managers and shareholders often arise, and it’s essential to know how to manage these conflicts.

For each of these situations, Atlays Emergency offers solutions that will help the start-up survive or plan an exit strategy with the best possible outcome.