La recapitalización de Famosa

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Language:   Spanish
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Case Study


In mid-2009 Famosa CEO José de la Gándara decided that his company was facing a critical situation that would determine its future existence. The onset of the financial crisis in late 2007 had reduced sales and narrowed margins and the company registered loss in the three years comprising the period 2007-2009. Forecasts for the end of the year indicated bankruptcy as the company´s shareholders´ equity would be in the red. This case examines the subject of debt restructuring focusing on the analysis of the potential viability and profitability resulting from the restructuring including a subsequent sale of the company.