Lissner Associates, Ltd., offers a complete range of services for lenders, businesses and investors facing financial risk or vulnerability from an underperforming and financially troubled company. The Firm's expertise covers large and mid-size companies in a variety of industries -- both nationally and internationally. Results are achieved through hands-on involvement by Michael W. Lissner and an experienced staff of more than 20 Senior Consultants. Years of business experience in dealing with financially troubled companies enables Lissner Associates, Ltd., to solve the most complex problems soundly, creatively and economically for its clients. The Firm's outsourcing services on behalf of lenders expand its resources to the benefit of its business and investor clients.
     

Due Diligence Review	Viability Analysis	Monitoring of Troubled Situations
Develop Business Plans	Capital Restructuring	Liquidation Valuation Analysis
Liquidations/Asset Recovery Management		Lender, Creditor and Vendor Interface
Debt Placement	Capital Raising	Corporate Turnarounds

 About Lissner Associates

Michael W. Lissner's Background
Senior Consultants
Industry Experience

Michael W. Lissner formed Lissner Associates, Ltd., in 1986 to assist lenders and businesses facing financial difficulties. Having assembled a team of more than 20 Senior Consultants - spanning a wide range of industries and areas of expertise - the Firm strives to achieve its clients' goals.

Michael W. Lissner

• Michael W. Lissner, President of Lissner Associates Ltd., has over 25 years of solid business experience. He ultimately became Chairman, President and CEO of a large corporation involved in diverse activities. Mr. Lissner has an accounting and legal background, having received a B.S. degree from the University of Illinois and a Juris Doctor degree from Depaul Law School.

• CFO magazine listed him as one of their top turnaround consultants.

• The Wall Street Journal and other publications have quoted Mr. Lissner regarding matters relating to troubled companies and turnaround management.

• His personal involvement in every engagement, results orientation and experience uniquely qualify him to analyze and solve the problems of troubled companies and assist them in achieving their goals.

Senior Consultants

• Lissner Associates Ltd. is made up of more than 20 professionals with many years of experience in virtually every type of business or industry, including:

                                      

Outsourcing Services for Lenders

Due Diligence Review
Viability Analysis
Monitoring of Troubled Situations
Develop Business Plans
Capital Restructuring
Liquidation Valuation Analysis
Liquidations/Asset Recovery Management
Litigation Support

Acting as an outsourcing arm for lenders, the Firm works to quickly uncover critical issues in its due diligence review. In many lender engagements, the Firm assesses the viability of a business, monitors the troubled situation, and develops business plans. The Firm prepares liquidation valuation analysis and performs liquidations/asset recovery management to maximize the lender's return on assets.

Due Diligence Review

• The Firm's multi-industry experience enables it to quickly, effectively and accurately review companies.

Viability Analysis

• Preparation of cash flow, availability, and other projections - Review of management, operations, industry, competitive strengths and weaknesses and market share.

Monitoring of Troubled Situations

• The Firm's on-site presence enables it to produce in-depth and prompt reports regarding the company's situation.

Develop Business Plans

• From the Firm's experience, business plans are developed to extricate the lender. 

Capital Restructuring

• The Firm will raise capital and/or place debt, both senior and sub-debt.

Liquidation Valuation Analysis

• Vast experience in winding-down companies, enables the Firm to prepare realistic liquidation valuation analysis.

Liquidations/Asset Recovery Management

• Again, the Firm's vast experience in winding-down companies maximizes the return on assets.

Litigation Support

• The Firm has Consultants with law degrees, accounting certifications and experience to perform litigation support.

                                      

Consulting Services for
Troubled Businesses & Investors

Corporate Turnarounds
Business Plan Development
Lender, Creditor and Vendor Interface
Debt Placement
Capital Raising
Corporate Reorganizations

The Firm's mission is to assist under- performing and financially troubled companies to identify problems and achieve crucial objectives. A Senior Consultant, with experienced staff as required, is designated for each engagement. Specialists from the Firm's team of consultants offer industry specific skills and experience to match the company's needs.

Corporate Turnarounds
Lissner Associates, Ltd., offers a complete, hands-on approach including:

• Review and Evaluation

• Business Plan Development

• Interface with Lenders, Investors, Shareholders, Vendors and Other Creditors

• Assistance in the Implementation of the Business Plan

Investment Banking
Financial resourcefulness plays a big part in the Firm's ability to correct problematic situations. Lissner specializes in the following services:

• Debt Placement, both Senior and Sub-debt

• Capital Raising

Corporate Reorganizations

• Lissner Associates, Ltd., also assists companies through successful reorganizations in Chapter 11.

                                      

Imagine a Consultant with 100% Success

We have achieved our goals in the most difficult situations. Numerous financial institutions and companies have benefited from our experience and hands-on involvement.

Lissner Associates, Ltd., in every engagement, has reached its goals to the benefit of lenders, companies and investors. The Firm prides itself in its ability to analyze and solve complicated, sometimes sensitive, business problems. Experience in many business sectors simply enables the Firm to develop strategies that work.

Of course, all the work the Firm does is kept confidential, but because Lissner Associates Ltd., is proud of its successes, here are some examples from past engagements:

Brought major issues to light during a due diligence review on behalf of a lender Put together a viability analysis report on a troubled company on behalf of the lender, which enable the lender to protect its loan Monitored a large manufacturing company on behalf of a lender and uncovered improprieties Took out fatigued lender and placed $60 million debt elsewhere with improved terms and larger credit line Prepared an orderly liquidation valuation analysis of a steel mill on behalf of a lender, enabling the lender to re-evaluate its position and prevent further exposure Executed an orderly liquidation of a large international company on behalf of a lender and recovered the lender's entire loan, all its accrued interest and expenses, where the lender, in anticipating a large loss, had set up millions of dollars in reserves Increased plant utilization from 34% to 82% Improved management's credibility with lenders, vendors and creditors Implemented inventory controls and increased turn rate 1.25 times Turned troubled company's cash flow from negative to positive within six weeks On behalf of a financially troubled company, negotiated and obtained a multi-million dollar vendor/creditor long term pay out plan with no interest and continuing supply and support from the vendors/creditors Saved a steel mill from bankruptcy Improved quality control and reduced scrap by 57% Acted as catalyst to "paralyzed" management to execute action items Executed emotionally difficult tasks of plant closings, employee layoffs, and wage/salary reductions on behalf of management Improved troubled company's gross margin by 524% Stopped a troubled company's cash hemorrhaging Reduced a troubled company's expenses by 41% Negotiated with labor unions, reducing economic package and improving work rules Installed credit and collection policies, reducing average outstanding accounts receivable from 76 days to 43 days, and materially reducing bad debts Prevented lender liability law suit Arranged a $42 million debt placement for a company whose principals were under federal criminal indictment Increased manufacturing productivity by 376% Brought in outside capital to a troubled company