Financial Restructuring: Insights from Matthew Prest
The Turnaround Podcast with Stephen Phillips, Episode 10
In this episode of The Turnaround Podcast, Stephen Phillips speaks with Matthew Prest, Managing Director and Co-Head of Europe at Moelis & Company. With over 25 years of experience in financial restructuring, he advises companies and lenders on complex situations in Europe and Asia.
The Turnaround Podcast with Stephen Phillips, Episode 10
In this episode of The Turnaround Podcast, Stephen Phillips speaks with Matthew Prest, Managing Director and Co-Head of Europe at Moelis & Company. With over 25 years of experience in financial restructuring, he advises companies and lenders on complex situations in Europe and Asia.
Tune in to the episode for these key takeaways:
Role of Financial Advisors: Matthew Prest likens financial advisors to firefighters, highlighting their key role in crisis management and stakeholder trust.
Importance of Financial Modeling: Prest emphasizes the necessity of financial modeling for assessing liquidity and collaborating on cash flow forecasts.
Management and Stakeholder Dynamics: Matthew stresses that restructuring success hinges on effective management taking ownership and adapting as needed.
Navigating Stakeholder Perspectives: Matthew highlights the need for transparency and open communication to ease stakeholder anxiety during distress.
Legal and Ethical Considerations: Prest notes that directors must prioritize creditors’ interests over shareholders’, requiring a mindset shift for management.
Learn more about Matthew Prest:
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About The Turnaround Podcast:
In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.
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