Quest provides its services as an advisor or, as interim managers to accomplish the objectives of the engagement. Quest specializes in situations demanding significant and rapid change in a company's capital structure, operations or strategy. Whether the crisis is caused by a sharp decline in earnings or cash flow, key management departures, loss of confidence in management, rapid loss of market share, liquidity shortfalls, debt defaults, discovery of accounting irregularities or fraud, these circumstances demand a heightened sense of urgency, quality, fact-based analysis, and rapid decision-making.
Quest helps its clients resolve these difficult circumstances. As outsiders we bring a sense of objectivity and are unburdened by the loyalties and identification with past decisions. We bring a wide range of experiences from similar situations that help operating management overcome the tendency to resist or compromise on making the painful but necessary changes that are required to preserve cash, save the business and restore the confidence of important constituencies including banks bondholders, stockholders, employees and customers.
Having worked through many crisis situations, Quest understands the dynamics of these situations and the needs of the constituents involved. For example, when working for management we help them develop a realistic view of their options and help them avoid inadequate responses that waste time and, in the process, consume cash. We help them understand when continuing financial support will benefit their ultimate recoveries and how they can leverage their willingness to provide financial flexibility into a position that improves their recovery.
Quest aggressively represents its clients' interests and has a proven track record of generating higher than expected recoveries and getting companies back on track by:
• Taking active roles as advisors, interim
managers or as members of the Board of
• Building consensus
• Working quickly to identify the problems and
making well thought through decisions in as
rapid a manner as feasible
• Working well with other constituents'
• Maximizing asset values within acceptable time
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