Training Course on Corporate and Financial Restructuring

Overview

• Corporate and financial restructuring involves fundamental changes to a company’s business or financial structure aimed at increasing value and ensuring survival in challenging environments.
• This course covers both operational and financial restructuring, blending theory with practical application through case studies, real-world examples, and Excel modelling.
• Participants will learn how to identify distress signals, evaluate restructuring alternatives, negotiate with stakeholders, and implement effective restructuring plans.
• Emphasis is placed on understanding the interplay between creditors, shareholders, and management, and on mastering valuation, leverage, divestiture, and recovery techniques.

Learning Objectives

• Understand the full spectrum of corporate and financial restructuring concepts and techniques.
• Differentiate between operational and financial restructuring and know when each is appropriate.
• Analyse and value distressed companies using real-world financial models.
• Develop skills to plan and execute restructuring strategies proactively, defensively, or under distress.
• Gain proficiency in Excel-based restructuring models to support decision-making.
• Learn to manage stakeholder expectations and negotiate with creditors and shareholders.
• Recognise the organisational and personal impacts of restructuring initiatives.

Training Methodology

• Interactive lectures combining foundational theory with practical insights.
• Case studies drawn from high-profile restructuring scenarios (e.g., Japan Airlines bankruptcy, Nippon Steel M&A).
• Hands-on exercises using Excel templates to build and analyse restructuring models.
• Group discussions and role-plays simulating negotiations with creditors and shareholders.
• Step-by-step walkthroughs of restructuring frameworks, valuation techniques, and recovery waterfalls.
• Continuous Q&A and feedback sessions to reinforce learning and application.

Organisational and Personal Impact

• Organisations will benefit from enhanced internal expertise, enabling better restructuring decisions and improved stakeholder communication.
• Increased productivity and effectiveness in managing financial distress and optimising corporate value.
• Improved cross-functional collaboration between finance, legal, and operational teams during restructuring.
• Individuals will develop advanced analytical skills, deepen understanding of restructuring risks and rewards, and gain confidence in applying complex financial models.
• Enhanced career prospects for participants through certification and practical knowledge applicable in investment banking, corporate finance, and advisory roles.

Target Audience

• Corporate finance professionals involved in restructuring, turnaround, or strategic planning.
• Investment bankers and restructuring advisors seeking practical modelling and negotiation skills.
• Private equity and distressed debt investors evaluating restructuring opportunities.
• Financial analysts, FP&A professionals, and controllers supporting restructuring initiatives.
• Senior managers and executives responsible for corporate governance and crisis management.
• Consultants and turnaround specialists aiming to deepen their restructuring expertise.

Course Outline

Day 1: Introduction to Corporate and Financial Restructuring

• Definition and scope of restructuring: operational vs financial
• The restructuring framework: proactive, defensive, and distress scenarios
• Stakeholder roles and expectations: creditors, shareholders, employees
• Case study: Nippon Steel large-scale M&A restructuring
• Introduction to Excel restructuring models

Day 2: Why and How Companies Restructure

• Drivers of restructuring: financial distress, market changes, strategic shifts
• Timing and decision-making in restructuring
• Valuation fundamentals: “as-is” value and reorganisation value
• Divestiture decisions: when and how to divest operating units
• Case study: FANUC Corporation governance restructuring

Day 3: Financial Restructuring Techniques and Tools

• Leverage and deleverage: concepts and applications
• Debt restructuring methods: refinancing, debt-for-equity swaps, maturity extensions
• Recovery analysis and creditor priority
• Modelling distressed M&A and credit bidding
• Hands-on Excel modelling exercises

Day 4: Operational Restructuring and Corporate Governance

• Reorganising business portfolios and business model transformation
• Managing stakeholder negotiations and conflicts
• Corporate governance challenges in restructuring
• Case study: SoftBank’s strategic and financial restructuring
• Role-play: creditor and shareholder negotiation simulation

Day 5: Bankruptcy, Legal Frameworks, and Implementation

• Bankruptcy processes: in-court vs out-of-court restructuring
• Chapter 11 overview and legal considerations
• Implementation challenges and monitoring post-restructuring performance
• Case study: Japan Airlines bankruptcy and recovery
• Final group exercise: developing a restructuring plan and presentation

Conclusion

This comprehensive five-day course equips participants with the knowledge, practical skills, and confidence to lead and support corporate and financial restructuring initiatives effectively. By combining theory, real-world cases, and hands-on modelling, delegates will be prepared to navigate complex restructuring challenges, create value, and contribute meaningfully to their organisations’ turnaround and growth strategies.