The current COVID-19 pandemic has ravaged the global economy, deaccelerating economic activity to a pace unseen in decades. Amid the pandemic, the world is bracing for radical changes in workforce and business models, and is realigning expectations of growth. Therefore, there is an ever-growing need for businesses and corporates across sectors to spend wisely and adopt strategic mechanisms to navigate through the rough tides of the COVID-19 pandemic.
This whitepaper addresses the underlying business recovery challenges faced by firms globally, by evaluating the recent impacts of COVID-19 and the resulting situation of distress. It focuses on ‘why’, ‘how’ and ‘where’ the consulting firms can play an integral part in navigating distressed companies through the crisis.
· The COVID-19-driven economic slowdown and underlying risks present daunting challenges across industries, with the role of consulting firms becoming critical in helping businesses introduce and unveil their roadmaps to recovery
· Distressed investing and restructuring has become challenging in this volatile situation, as it requires expert knowledge and in-depth analysis along with a holistic strategy across the operational, financial, technical and legal aspects
· Consulting firms, with their expertise in varied aspects of business continuity, restructuring, capital advisory and transformation, have found a silver lining in the pandemic cloud and are slated to play a pivotal role in helping struggling businesses formulate and implement successful revival strategies
Chetan Anand, Assistant Director, Consulting, has over eight years of experience in diverse areas, such as consulting research, private equity, and investment research. His expertise spans across several research themes including financial and operational analysis, business strategy, valuation analysis, investment screening, and due diligence studies, among others. At Acuity Knowledge partners, he is a part of Consulting practice, supporting a research engagement for a consulting client.
Prior to Acuity, he worked with a start-up firm, where he was involved in identifying and exploring various investment and financing opportunities for the company. Chetan holds a Bachelor’s degree from Indian Institute of Technology, Roorkee, India.
Sunny Mehta,Assistant Director, Consulting, started his career with Acuity Knowledge Partners in 2007. During his tenure with Acuity, he has supported and managed several research engagements for consulting, private equity and investment banking clients across varied geographies.
Sunny has been part of the Consulting practice for the past 5 years. His current role involves providing support to consulting clients on a wide array of strategic and business research areas including competitive benchmarking, market opportunity assessment, M&A analysis and strategic evaluation of an investment opportunity. Sunny holds an MBA degree in Finance from New Delhi Institute of Management, besides a Bachelor’s degree in Commerce from Delhi University, India.
Avinash Singh, Delivery Manager, Consulting, is a Delivery Manager within Consulting practice at Acuity Knowledge Partners, and has about 10 years of experience in Private equity and financial services domains. He currently assists on a diverse set of financial and business research projects including target & buyer screening, company valuation, financial statement analysis, debt covenant analysis, trading & transaction comparable, portfolio performance analysis and due diligence, among others
Prior to his role at Acuity Knowledge Partners, Avinash worked at a KPO, where his responsibilities largely included supporting investment banks and managing clients and other research engagements. Avinash holds an MBA degree in Finance from Karnataka State University, India and Bachelor’s degree in Computer Science from Jiwaji University, India.