About TAP

The TAP Restructuring Resources Group is part of the TAP Financial Partners family of companies that also includes the TAP Advisory Group, a corporate services provider, and Allbridge Partners, which provides capital raising and other fund services. 
 

Our restructuring team provides a lifeline to struggling companies through a roll-up-your-sleeves approach that stops the financial bleeding by:

Creating strategic plans implemented by hands-on, senior-staffed teams
Negotiating with lenders, creditors, and the IRS
Bringing short and long-term financing options
Offering strong opinions and making tough decisions
Featuring partners with decades of experience and more than $1 billion in value generation

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Candidates

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
Overleveraged assets
Excessive debt
Failed merger, acquisition, or new product introduction

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Services

TAP offers a wide variety of financial services that assist clients in workout situations, all included in a 13-week plan that leads organizations to break even status:

Forecasting materials preparation
Business plan review
Working capital and expenditure analysis
Supply chain management
Financial statement reporting
Capital structure advisory
Bankruptcy services
Commercial contract review
Loan and lease agreement review
Capital raising advisory
Mergers & Acquisitions advisory

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Process

TAP assigns workout teams, led by managing partner Bill Fickling, to implement what is typically a five-step, quarterly process:

Management Analysis 
- Comprehensive overview of situation
- Installation of chief restructuring officer
- Creation of immediate action items

Situation Analysis
- Complete review of cash flow position, sales, expenditures, monthly
burn rate, and quarterly cash flow projections
- Develop quarterly plans and forecasts

Emergency Action
- Stabilize sales
- Decrease expenses
- Restore company to break-even status

Business Restructuring
- Implement financial measurement and reporting systems
- Negotiate with lenders, creditors, and the IRS
- Offer financing solutions that create a path to profitability

Return to Normalcy
- Partner with stakeholders to facilitate TAP’s exit
- Hand over control and complete the assignment

 

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Clients

Whether the mandate is focused on individual companies or institutional portfolios, TAP is uniquely positioned to lead strategic recapitalization, operational restructuring, and offer advisory, consulting, and coaching services.


These assignments are often the result of relationships with fund managers, accountants, and attorneys that understand the value our financial professionals deliver to a broad range of organizations:

SMEs
Debtors-in Possession
Law firms
Private Equity firms
Secured lenders
Bondholders
Government entities
Hedge funds
Trustees
Unsecured lenders
Shareholders

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 New York    -   London    -    Sydney

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