Stuck positions
What should I do with a subsidiary or investment I have been avoiding?
Start with a short fixed-fee assessment. One experienced person looks at the position, the docs, the cap stack, and the counterparty's posture, then tells you what it is and what you can realistically do with it.
Before spending money trying to fix it, you need to know what the problem actually is. The position might be impaired, illiquid, paying to the wrong party, or just tying up capital you'd rather have free. That single distinction usually determines whether the answer is a workout, a restructuring, a sale, a write-down, or doing nothing.
We start with a fixed-fee assessment. We look at the position and deliver a one-page view of what we think it is and what you can do. That's deliverable in days, not weeks. If 'do nothing' is the right answer, we tell you and we don't bill for the rest of the work.
If you want us to run the resolution after the assessment, we propose a structure that fits the outcome: flat fee, success share, contingency, or assignment into a vehicle we manage. If you want to take our assessment and do something else with it, that's fine too. Pick the position that's been on your mind for a year. That's the one to call about.