Monday, May 4, 2015

Crisis at the Mill: Weaving an Indian Turnaround - Alvarez & Marsal

ZEISBERGER Claudia, CARRICK Anne-Marie, Krishnan Sankar, SHAH Nikhil
©2015 INSEAD Case Study
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Emerging markets are challenging and require special expertise. India in particular is known to be a tricky business environment. The case follows two senior executives from Alvarez & Marsal’s India practice as they deal with an urgent request from one of their US private equity clients, Sapphire Capital. A former employee is claiming that irregular activities by senior management are at the root of the company’s financial difficulties. The turnaround team needs to act quickly yet must tread carefully in case the accusations prove unfounded. The second part of the case describes how the A&M team deals with the situation and the action they take to restore and restructure the ailing Indian company.