Turnaround

A turnaround refers to strategic efforts aimed at revitalizing a company facing financial distress or operational challenges. This process may include restructuring, cost-cutting, new leadership, or changes in business strategy. Turnarounds are critical in private equity and distressed asset investing, where firms work to restore profitability and create value in underperforming companies.

• Efforts to restore financial stability in struggling companies.
• May involve restructuring, cost-cutting, or new management.
• Crucial for distressed asset investing.
• Creates value in underperforming firms.