About Rankin Partners Inc.
We help our clients create a positive, achievable corporate vision of profitability and stability, underpinned by pragmatic operating moves and improved access to capital.
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Chris Rankin served as the Chief Restructuring Officer of Bird Global for a Chapter 11 process. Chris also served as the Chief Financial Officer of Torstar and its parent Nordstar, where he orchestrated the Bankruptcy and Insolvency Act process for Metroland Media. Chris has an MBA from Harvard Business School and is a Chartered Financial Analyst.
Our Core Competencies
Turnaround, Restructurings, and Balance Sheet Management
Successful turnarounds and restructurings include operating moves to improve profitability and balance sheet changes to manage liquidity.
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We help you develop an operating vision based on a narrowed business focus, specific cost reduction moves, and discontinuation of business lines and activities that don't create value.
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Balance sheet management in these situations is a specialized skill set. We monetize assets, address working capital, and raise capital where needed. The key for capital providers is an investment thesis as to where the business is going, how it will fund operations during the process, and how it will emerge from restructuring. Rankin Partners brings decades of experience in working with the world's largest investors, with a long track record of accessing capital markets.
Importantly, we operate at speed. Companies want to return to normalcy as soon as possible, and we figure out how to make it happen.​
Mergers and Acquisitions
Most turnarounds and restructurings involve asset divestitures.
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Successful M&A practitioners operating in a distressed environment know which battles to fight, and how to resolve negotiating conflicts before they derail the process.
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Asset dispositions, credit facility amendments, and other M&A-related activity all involve significant legal documentation, and benefit from the eyes of an experienced M&A practitioner who has familiarity with hundreds of precedents.
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We bring considerable M&A experience to your situation, so that you bring the process to a close.
Stakeholder Management
Several stakeholders are involved in the process.
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Creditors - those impaired and those providing new money - have a need for clear and candid disclosure from the company.
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Tort claimants want to know that the process has been fair and equitable.
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Judges often consider expert testimony provided by a Chief Restructuring Officer when considering what represents a fair compromise, particularly in the face of creditor objection.
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Vendors need clarity on the company's go-forward prospects and the rationale for any price concessions sought.
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Regulators can benefit from having an independent party give a candid assessment of a situation.
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We have experience working with all of these stakeholders.