04 · Special Situations

Sound opportunity. Non-standard structure.

Complex ownership, distressed refinancing, partner exits, stalled projects — situations a committee-driven lender declines on form rather than on substance. We assess the underlying transaction and build the structure around it.

Where it applies
  • Distressed refinancing

    Replacing a lender in default, standstill or enforcement.

  • Partner exits

    Funding the departure of a shareholder or joint venture partner under time pressure.

  • Stalled projects

    Restarting schemes halted by funding failure, contractor insolvency or dispute.

  • Complex ownership

    Multi-jurisdictional holding structures, trusts and fragmented cap tables.

  • Litigation-adjacent assets

    Assets encumbered by resolvable disputes with a defined path to clean title.

  • Corporate carve-outs

    Separating an asset or business unit from a wider group balance sheet.

What we underwrite
  • Whether the underlying asset or business is fundamentally viable
  • The legal path from current position to clean, enforceable security
  • Who controls the outcome, and what they stand to lose
  • Realistic timing and cost of resolution
  • Downside recovery, assessed before upside
What we need from you
  • A candid account of how the situation arose
  • Current capital structure, defaults and standstill agreements
  • Legal position, advisers instructed and pending proceedings
  • Asset valuation on both a going-concern and recovery basis
  • The specific outcome you are trying to reach, and by when
What we do not do
  • Situations where the underlying asset has no realistic recovery value
  • Transactions requiring us to act against an existing secured lender without a lawful path

Tell us what you are financing.

Amount, asset, use of funds, security and repayment. We will tell you quickly whether we can act.

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