Workout & Turnaround Management

Premier is an award-winning finance broking firm with a team of commercial and corporate bankers who have vast experience in developing solutions for institutions carrying distressed and vulnerable loans.

Established in 1996, Premier offers an independent consulting service specialising in working with lenders and their problem clients to restructure and/or refinance their debt facilities to maximise returns to all stakeholders.

The principals of Premier have a wealth of experience in workouts and turnarounds having all held senior executive roles during the credit crisis of the late 1980s/mid 1990s, collectively managing distressed loans of over $2.6 billion. The current environment is not dissimilar to the last major downturn in that liquidity and capital adequacy requirements are being stretched to maximum capacity.

The Premier Proposal

1) To provide lenders with workout and turnaround tactics and plans by taking a comprehensive, integrated approach, encompassing skills made available by professionals in the accounting, marketing, finance, IT and HR sectors;

2) To work closely with designated lenders management to develop and implement a total solution for their clients;

3) To appraise the strategic, financial and operational issues of each client's business;

4) To provide a reservoir of experience and knowledge that will minimise the provisioning levels of lenders and present a discreet level of workout management for loans under stress; and

5) To provide specialised services in the areas of property investment and development, manufacturing, retail, wholesale and aged care.

Turnaround management requires a unique set of skills designed to preserve and add value to businesses that are failing to meet performance expectations. By identifying and implementing turnaround strategies early enough, recovery can take place without the trauma normally associated with a crisis situation.

Premier represents a fresh solution-focused approach to credit restructuring.

Why You Need Premier Partners ?

In partnering with Premier, preventative measures can be undertaken through its team of highly specialised and experienced workout specialists. Workout plans are specifically prepared to prevent financially troubled businesses that are under pressure from lenders, bondholders, unsecured creditors and/or shareholders from becoming insolvent.

The sheer volume of currently distressed borrowers has the potential to strain banks resources, and also their ability to deal with them. Premier has the necessary critical resources and experience to work with any lenders to find the best solution in the market.

With astute management and meticulous administration, Premier has the ability to turn around vulnerable and distressed borrowers, thus minimising the level of provisioning. We would welcome the opportunity to discuss more comprehensively how Premier can assist you in workout and turnaround management.