Business Turnaround and Restructuring
The Courier and Freight Group
Financial advisor in consortium that developed and implemented a turnaround strategy for The Courier and Freight Group.
Busa Plastics
Financial advisory component of a team that implemented a turnaround strategy for Busa Plastics.
Department of Transport
Formulation of capital restructuring strategy for the Airports Company of South Africa for and on behalf of Department of Transport. This involved: Determining the long-term dividend policy and strategy. Addressing the current capital structure of ACSA (long-term debt as opposed to short-term debt Examination of the Regulatory environment to ensure there will be favourable return to the current and potential future shareholders of ACSA; Exercising of the Aeroporti di Roma (ADR) option in terms of the Shareholders’ Agreement and the strategy to follow with respect to the sale; The optimal capital structure in terms of long-term versus short-term debt
Michelle Shoes
Utho was appointed by the IDC to develop and help to implement a turnaround strategy for Michelle Footwear, manufacturers of the Froggie range of ladies footwear. The Utho team undertook a diagnostic due diligence of the business to determine the causes for distress, identify short term interventions to arrest the cash flow drain, and develop a long term turnaround strategy. Utho successfully developed a turnaround strategy, including cost cutting measures, debt restructuring, a new sales and marketing strategy, improved financial management systems and a monitoring and evaluation programme. Utho is currently assisting Michelle with implementation of the turnaround strategy.
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