In this uncertain economic climate, small and medium-sized enterprises (with revenues typically between $/£ 10 million and $/£ 100 million) may require a roll-up-your-sleeves approach to restructuring. This is especially true during bankruptcy reorganizations and DIP financing situations.
Previously viable companies can be challenged by a variety of circumstances:
COVID-19’s global impact
Transitions brought on by changes in ownership, retirement/personnel losses, and generational succession
Inability to meet investment goals
Failed merger, acquisition, or new product introduction