About us

Activities

About us

Activities

M&A

Restart

Sometimes deferral of interest and principal payments is no longer enough. The debt burden has become too heavy for the business to bear, liquidity is (almost) depleted, and renegotiating with existing financiers is insufficient. At the same time, the business is fundamentally healthy. In this situation, a restart comes into view, whereby the activities are continued on a balance sheet that is once again in order.

This requires two things simultaneously: the debt must be reduced to a level that the business can support, and equity must be added. This new capital can come from existing shareholders, an investor who steps in during special situations, or from a strategic party. Everything must come together at the right moment. No investor will step into a balance sheet that has not yet been cleaned up, and it is unlikely that a creditor will make a move without the prospect of new money. On top of that, there is the human element: staff, customers, and suppliers notice that something is going on, and for you, it concerns a business built up over years. Those who wait too long will eventually find themselves with no options left.


M&A

Restart

Sometimes deferral of interest and principal payments is no longer enough. The debt burden has become too heavy for the business to bear, liquidity is (almost) depleted, and renegotiating with existing financiers is insufficient. At the same time, the business is fundamentally healthy. In this situation, a restart comes into view, whereby the activities are continued on a balance sheet that is once again in order.

This requires two things simultaneously: the debt must be reduced to a level that the business can support, and equity must be added. This new capital can come from existing shareholders, an investor who steps in during special situations, or from a strategic party. Everything must come together at the right moment. No investor will step into a balance sheet that has not yet been cleaned up, and it is unlikely that a creditor will make a move without the prospect of new money. On top of that, there is the human element: staff, customers, and suppliers notice that something is going on, and for you, it concerns a business built up over years. Those who wait too long will eventually find themselves with no options left.


M&A

Restart

Sometimes deferral of interest and principal payments is no longer enough. The debt burden has become too heavy for the business to bear, liquidity is (almost) depleted, and renegotiating with existing financiers is insufficient. At the same time, the business is fundamentally healthy. In this situation, a restart comes into view, whereby the activities are continued on a balance sheet that is once again in order.

This requires two things simultaneously: the debt must be reduced to a level that the business can support, and equity must be added. This new capital can come from existing shareholders, an investor who steps in during special situations, or from a strategic party. Everything must come together at the right moment. No investor will step into a balance sheet that has not yet been cleaned up, and it is unlikely that a creditor will make a move without the prospect of new money. On top of that, there is the human element: staff, customers, and suppliers notice that something is going on, and for you, it concerns a business built up over years. Those who wait too long will eventually find themselves with no options left.


What you can expect

The restart process

Rapid insight is our first priority. We analyze liquidity, performance, and debt position and work with you to draw up a short-term cash flow forecast, so it is clear how much time there actually is. We then determine which part of the business is viable and what a realistic restart looks like: which activities can continue, what debt load they can bear, and how much capital is required.

After that, two tracks run side by side. On the one hand, we raise the capital: we draft the narrative to approach parties and conduct discussions with shareholders, investors, and strategic partners. On the other hand, we negotiate with financiers and other creditors regarding the existing debt positions.

If all parties reach an agreement, we secure this in a private composition. If that is not possible with everyone, the WHOA (Act on Confirmation of Private Restructuring Plans) offers a solution. This law makes it possible to present a restructuring plan to creditors and shareholders and have it confirmed by the court, even if some creditors vote against the plan. One party can no longer block a solution, creating peace of mind to prepare for the restart without bankruptcy. We calculate the scenarios and substantiate what the plan yields for each group, together with the legal advisors conducting the procedure. Finally, we guide the implementation: the capital injection, the new financing agreements, and the transition to the renewed structure.

Why Maasdael?

Maasdael has deep experience with restructurings, restarts, and other special situations. Our background in the banking sector means that we know how financiers view a case under these circumstances and what is needed to obtain breathing room. Because we also run a regular transaction and financing practice, we know the investors and strategic parties who can be brought to the table in a restart.

Our approach is personal and no-nonsense: we bring structure and direction to an uncertain situation and are honest about what is and is not feasible. Especially in a restart, where emotions, reputation, and the survival of a life's work come together, business sense and humanity go hand in hand with us.

Want to know more about the restart of your company?

Erik van 't Hoog is happy to help you.

Want to know more about the restart of your company?

Erik van 't Hoog is happy to help you.

Want to know more about the restart of your company?

Erik van 't Hoog is happy to help you.