CGPH Banque d’affaires
Cross-border strategy context — CGPH Banque d’affaires strategic & corporate advisory
Strategic Consultancy & Corporate Advisory

Debt Analysis & Restructuring

Advisory on debt analysis and restructuring — debt and liquidity map, covenant and maturity analysis, cash-flow scenarios, creditor strategy, refinancing/rescheduling/restructuring alternatives and execution monitoring.

Positioning

Our approach.

We advise corporates, shareholders and sponsors on debt analysis and restructuring. Our contribution covers debt and liquidity mapping, covenant and maturity analysis, cash-flow scenarios, creditor strategy, refinancing, rescheduling and restructuring alternatives, stakeholder engagement, documentation coordination and execution monitoring. Credit decisions and lending capacity remain with the identified banks, funds, private-credit investors or licensed lenders; insolvency proceedings and formal legal steps are handled by qualified counsel.

Debt restructuring is a discipline of clarity. Its starting point is an honest, complete map of every debt instrument, its terms, its maturities, its covenants and its economic behaviour under different cash-flow scenarios. That map allows the company, its shareholders and its creditors to have a common conversation grounded in facts.

The alternatives — refinancing, rescheduling, amendment, restructuring — are then compared on quantitative and stakeholder criteria. Each alternative has different implications for cash, control, timing and creditor relationships, and each is delivered through a specific documentation and stakeholder pathway. Preparing this conversation early is the best defence against value-destructive surprises.

Detailed scope

Our engagements typically cover debt and liquidity mapping, covenant and maturity analysis, cash-flow scenario design, creditor strategy, comparison of refinancing/rescheduling/restructuring alternatives, stakeholder engagement, documentation coordination and execution monitoring alongside qualified legal and insolvency counsel.

Who this is for
  • Corporates reviewing their debt perimeter, covenants or maturities.
  • Shareholders preparing a restructuring dialogue with creditors.
  • Sponsors supporting portfolio companies through a debt cycle.
  • Family businesses facing a liquidity or covenant inflection.
Common situations
  • Approaching covenants or maturities

    The company is approaching a covenant review or a wave of maturities and wants to prepare a coordinated response.

  • Liquidity inflection

    A liquidity inflection is anticipated in the cash-flow projections and creditor engagement should be prepared upstream.

  • Complex creditor architecture

    Multiple debt instruments, jurisdictions or creditor groups make a coordinated conversation necessary.

Engagement profile
Scale
Mid-market European debt analysis and restructuring dialogues coordinated with legal counsel.
Timing
Typically several months from mandate to closing, depending on complexity and counterparties.
Geography
Continental European corridors with recurring activity across France, Italy, Luxembourg, Switzerland and Monaco; selective UK, MENA and transatlantic exposure.
What we advise and structure
  • Debt and liquidity mapping.
  • Covenant, maturity and contractual analysis.
  • Cash-flow scenario design and stress-testing.
  • Creditor strategy and stakeholder analysis.
  • Refinancing, rescheduling and restructuring alternatives.
  • Documentation coordination and execution monitoring.
Our process
  1. 01
    Map

    We map liabilities, covenants, maturities and cash-flow dynamics.

  2. 02
    Scenario

    We build cash-flow scenarios and test the debt structure against them.

  3. 03
    Design

    We design refinancing, rescheduling and restructuring alternatives with a clear stakeholder analysis.

  4. 04
    Engage

    We coordinate structured engagement with creditors and their advisers.

  5. 05
    Document

    We coordinate documentation workstreams and monitor execution through to steady state.

Strategic contribution
  • Fact-based conversation

    The company, shareholders and creditors work from a common map and common scenarios.

  • Prepared creditor dialogue

    Creditor engagement is structured, respectful of contractual rights and anchored on realistic alternatives.

  • Execution discipline

    Documentation and monitoring keep the execution phase on a controlled trajectory.

Cross-disciplinary coordination
  • Creditors

    Banks, funds, private-credit investors and licensed lenders keep credit decisions and lending capacity within their regulated capacity.

  • Legal and insolvency

    Qualified counsel handles legal drafting, formal opinions and insolvency proceedings where applicable.

  • Tax and audit

    Qualified tax advisers and auditors validate treatment, disclosure and covenant definitions.

  • Governance

    The board and shareholders retain decision rights on strategy, control and stakeholder outreach.

Why CGPH
  • Early, honest mapping

    We insist on an honest map before any conversation with creditors, which materially improves outcomes.

  • Coordinated stakeholder discipline

    Creditors, counsel and shareholders advance on a single roadmap with visible responsibilities.

  • Continuity through execution

    The same team accompanies the client from mapping to execution and monitoring.

When we’re a fit
We are a fit when
  • Corporates and sponsors reviewing debt sustainability ahead of a covenant reset.
  • Shareholders preparing a coordinated dialogue with lenders and bondholders.
  • Groups seeking a structured, out-of-court restructuring path.
Less suited when
  • Situations already inside court-led insolvency without appointed counsel.
  • Debtors seeking to avoid engagement with creditors.
  • Requests for balance-sheet lending from CGPH Banque d’affaires.
Key considerations
  • Credit decisions and lending capacity remain with identified banks, funds, private-credit investors or licensed lenders acting within their regulated capacity.
  • Legal, tax and insolvency execution is performed by qualified professionals; final terms of waivers, amendments and restructurings are set by the definitive documentation.
Frequently asked questions
When should a company begin restructuring analysis?
Early. Beginning the analysis before covenants or maturities become binding materially widens the range of viable alternatives.
Who takes the credit decisions?
Credit decisions and lending capacity remain with the identified banks, funds, private-credit investors or licensed lenders acting within their regulated capacity.
How is confidentiality preserved?
Engagement with creditors is structured, staged and covered by confidentiality frameworks appropriate to each counterparty.
How are formal legal steps handled?
Qualified legal and insolvency counsel handle formal proceedings, drafting and opinions; we coordinate the strategic and financial workstreams around them.