pre-pack-cession

A pre-pack cession is a legal process for executing distressed M&A deals for companies in financial difficulty. It is needed when a business faces cessation of payments and requires a structured framework to prepare and complete the transaction.

You can prepare a note of cadrage by using a structured framework that evaluates cessation of payments and pre-pack feasibility. This generates detailed notes for legal review, tailoring the process based on whether you represent the debtor or the buyer.

Yes, the process is side-aware and explicitly tailors the preparation and execution of pre-pack cession deals based on whether the legal professional is representing the debtor or the buyer in the restructuring transaction.

The double gate system evaluates pre-pack feasibility by sequentially checking the cessation of payments criteria and the specific pre-pack conditions. This mechanism ensures the deal is viable before generating detailed legal documentation for review.

The process generates detailed notes for legal review and decision-making, often structured as a note of cadrage. These documents validate the cessation of payments and outline the tailored execution steps for the distressed M&A transaction.