Bankruptcy & Restructuring
Plan of Reorganization Value – Bankruptcy Strategy and Negotiation
On behalf of the board of directors, AlixPartners valuation team was engaged to provide a comprehensive, global analysis of a major automotive OEM in connection with the assessment of the sale of its assets under Section 363 of the U.S. bankruptcy code. In short order and working with OEM employees and the company’s multiple advisors around the world, AlixPartners assessed the going concern value of core foreign operations, joint ventures and stakes in a myriad of other ancillary businesses and also deter¬mined the value, on a liquidation basis, of the company’s North American business and other diverse assets. The board ultimately decided to pursue the sale and the new entity subsequently emerged from Chapter 11 with a supportable capital structure and improved operations.