Due diligence conducted & new strategy formulated.

Creditors settled at 50/100

Sourced out additional funding for working capital.

Strategic BEE investor and introduced employee share trust to improved BEE rating of the company.

The company is operational & continues to grow.

Detailed due diligence conducted & business rescue considered to be the best option.

Equity funding raised through IDC.

New strategy formulated with focus on small/medium size clients on COD or 30-days account.

New milk suppliers were introduced to manage cost spend on milk.

Strategic BEE partner was introduced. A farmer based in Free State agreed to supply the required quantities of milk at competitive rates.

Business subsequently sold to a competitor when the owner who was the key operator passed away.

Due diligence conducted & exit strategy formulated.

Company sold to competition.

All creditors settled.

Due diligence conducted & turnaround strategy formulated.

Creditors settled at 50/100

Additional working capital funding raised from IDC.

The company acquired a strategically aligned company to enhance processes and management capabilities and leverage funding was raised to acquire the business.

Due diligence conducted and funding strategy formulated.

Due diligence to ascertain the value of business.

Assisted the business with business restructuring.

Funding package collated and presented to credit committee.

Engaged the chairman of the board of directors to negotiate the offer.

Filed notice of sale with the JSE.

R280m funding raised.

Shareholders paid within stipulated time frame.

Due diligence conducted and turnaround strategy formulated.

Stabilised operations, reduced costs and increased production

Rebuilt strategic relations with key suppliers and customers.

Published business rescue plan successfully implemented.

Completed the sale and signed agreements.

Smooth handover of business to new owner

Ensured compliance to related legal requirements including competition commission approval.

Business rescue substantial implementation 31 May 2020.

Due diligence conducted & exit strategy formulated.

Published business rescue plan successfully implemented.

Assets and business revalued and disposed through an auctioneering company.

Successful sale and transfer of business as a going concern

Managed employees affected by S189 of the Labour Relations Act

Successful transfer of remaining employees to new owner.

Business rescue substantial implementation 31 May 2020.

Due diligence conducted & exit strategy formulated.

Advertised for the sale of business and various potential investors were engaged, no positive

Revalued assets and to assess 3 potential offers received on the sale of assets.

Business rescue substantial implementation 30 June 2021.

Due Diligence conducted and turnaround strategy formulated.

Ensured that business was under care and maintained until sale was finalised.

Revalued assets and appointed an auctioneering company to dispose the business and assets.

Advertised for the sale of business and completed sale transaction and conditions precedent.

Successful transfer of business to new owner

Facilitated a smooth handover and facilitated to key business stakeholders.

Assisting new management with managing ad-hoc challenges

Business rescue substantial implementation 31 July 2021.

Due diligence conducted & exit strategy formulated.

Assets and business revalued and disposed through an auctioneering company.

Two auctions conducted which were subsequently declined by creditors.

Business sold in private treaty.

Drafting and execution of sale in progress

Business rescue substantial implementation 31 July 2021.

Drafted investment, credit and compliance policies.

Drafted due diligence process document.

Drafted credit assessment process.

Drafted term sheet.

Reviewed legal agreements.