Rebuild lender trust
Corrected reporting gaps, established disciplined cash and capital-expenditure controls, divested underused assets and delivered a timeline-driven covenant recovery plan.
Selected work · 01
Turnaround · Debt financing · Exit
From special loans to a successful private-equity exit
A lender relationship stabilized, a balance sheet refinanced and a company positioned for sale.
The situation
What was at stake.
The company had experienced a sustained decline in revenue and profitability following a debt-financed shareholder buyout. Debt service had risen to more than six times current cash flow, cash reserves were depleted and several financial and non-financial covenants had been breached.
The lender requested that an external insolvency firm be appointed to assess recovery options. The board instead appointed Cuong Pham, Phector Capital’s founder, as interim CFO to lead the turnaround, manage the lender relationship and protect shareholder value.
The work
A focused path from problem to outcome.
Refinance for growth
Built an integrated financial model, clarified performance by service line and ran a competitive process for a lender whose structure matched the recovery plan.
Prepare and execute the exit
Advised the board on value and exit options, engaged transaction specialists and supported due diligence through completion of the sale.
Results
What changed.
+150%Revenue growth
+300%Profitability growth
RenewedCredit facilities
CompletedSale to private equity
The company avoided an external insolvency process, returned to covenant compliance, refinanced with a new lender on more supportive terms and was ultimately sold to a prominent private-equity firm.
Why this experience matters
The circumstances change. The disciplines do not.
Clear financial information, realistic forecasts, disciplined preparation and credible stakeholder communication create more options when a financing or transaction becomes difficult.
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