Corporate Restructuring

Baird’s Corporate Restructuring group complements our equity financing and M&A capabilities. Our team leverages extensive cross-sector institutional knowledge, Baird’s nationally recognized research and close relationships with financial institutions around the world to assist debtors and creditors in today’s global economy.

We offer strategic insight and services for a variety of restructuring scenarios, including:

 

Out-of-court restructuring, placement of junior capital and exchange offers icon: toggle

Baird can assist companies seeking to refinance senior debt, place junior capital with alternative capital providers, restructure existing debt or deleverage balance sheets through debt for equity exchange offers.

Distressed M&A icon: toggle

Baird provides sell-side advisory services for businesses that are not viable on a stand-alone basis. We also provide buy-side advisory for acquisitions of insolvent targets.

Raising capital from alternative providers icon: toggle

Our professionals provide clients with strategic guidance on identifying alternative sources of capital.

In-court bankruptcy §363 sales icon: toggle

Baird can market a business as a going concern where stakeholders have concluded that the business, expected sale value or available capital is insufficient or unavailable. We are also able to assist in signing up stalking horse buyer(s) for assets and conducting auctions to attain the highest price for a business.

Bankruptcy reorganizations and rights offerings icon: toggle

Baird can assist with a variety of bankruptcy reorganization scenarios, including pre-packaged, pre-negotiated and stand-alone plans of reorganization. Our team can also arrange DIP financing, formulate a stand-alone plan of reorganization, arrange exit financing and provide a financial back stop for equity rights offerings.

Enterprise valuation icon: toggle

Our team has the resources and situational expertise to establish estimated enterprise values for businesses.

Creditor representation icon: toggle

Our creditor representation capabilities include the disposition of fixed income instruments to alternative capital providers, analyzing business viability on a stand-alone basis, establishing the estimated enterprise value of a business and evaluating pro-forma recoveries under various reorganization alternatives.

Solvency and fairness issues icon: toggle

Baird can help clients structure transactions to avoid fraudulent conveyances. Our team also provides fairness and solvency opinions in various contexts, including tax-free spin-offs of subsidiaries.