Special Situations

Cedrus structures and manages investment vehicles dedicated to special situations, involving companies and assets that need to rebalance their financial position, undergo restructuring or simplify their corporate structure. Each transaction has its own characteristics, so Cedrus designs and structures every deal on a tailored basis, putting in place the vehicle and instruments best suited to the situation, the parties involved and the investors taking part.

Distressed assets and recovery proceedings
Operationally viable companies facing financial imbalances, such as excessive debt, working capital mismatches or difficulty refinancing. Cedrus may intervene outside formal proceedings or within Special Revitalisation Proceedings (PER), insolvency proceedings with or without a recovery plan, and other Liability Management Exercises. Solutions may include:

• acquiring loans from financial institutions;
• negotiating with creditors and converting debt into equity;
• financing through equity, quasi-equity or mezzanine debt, combined with the restructuring of liabilities and operational partnerships.

Other special situations
Shareholder disputes, partner exits, the disposal of non-core assets and the acquisition of loan portfolios.

Cedrus's activity in this area includes restructuring and recovery transactions in industrial companies, as well as the reorganisation of asset-holding structures, in Portugal and abroad.