Special situations, exits and distressed M&A

Special situations require more than financial acumen - they demand speed, critical judgement and the ability to see beyond surface information.

BM&T supports clients through critical transactions involving distressed assets, business unit carve-outs or market exits. From pre-deal diagnostics and risk evaluation to stakeholder alignment and operational continuity planning, we bring clarity to complex, time-sensitive situations. Whether assessing an acquisition, divestment or accelerated wind-down, we protect value through trusted execution and operational insight.

Key challenges we address

Distressed asset evaluations and special situations due diligence
Business exits, carve-outs, and non-core asset divestments
Acquisitions with limited data or forensic uncertainty
Stakeholder misalignment around exit timing and structure
Operational continuity risks in legacy or underperforming units

Our approach

Situational assessment and risk mapping: We rapidly assess the viability and risk profile of target entities or divestment units under distressed conditions.
Operational and financial due diligence: We uncover hidden liabilities, legacy risks and operational blind spots often missed in financial-only reviews.
Exit and divestment planning: We help structure, plan and execute exits - safeguarding value, reputation and continuity where possible.
Stakeholder alignment and governance: We work with boards, investors and deal teams to ensure timing, messaging and value protection are aligned.
Post-transaction transition support: Where needed, we support transitional governance, asset handover or wind-down execution to close the loop.

Why BM&T?

We know special situations: We’ve been brought in when others step back, from pre-deal carve-out due diligence to saving failed acquisitions.
Operators, not just advisors: We don’t just spot risk - we understand how it flows through the business and what it takes to solve it.
Speed meets discernment: We move fast when the clock is ticking, but never compromise on due diligence or judgement.
Independent, trusted and pragmatic: We protect client interests with objectivity and clarity - trusted by boards, buyers and lenders alike.
Confidential and commercially minded: We understand the boardroom sensitivities and reputational risks in high-stakes exits and acquisitions.

BM&T was engaged by Kier, a £3.3bn UK-listed construction and infrastructure group, to support pre-acquisition due diligence for Tilbury Douglas — an underperforming subsidiary of Interserve.

Kier

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Bring clarity to your next step

Contact us today for a confidential discussion on how we can navigate complex special situations and distressed transactions to deliver value and continuity.

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