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Top Reports
Altice International Memo 080825
Altice International – Break-Up Valuation, Deconsolidating FastFiber & Understanding Cash Flow Available To Service Altice International Debt
Novo Nordisk Memo 200525
Novo Nordisk – Assessing GLP-1 Side Effects & Potential For Mass Migration Away From GLP-1s To Lifestyle Change In Management Of Diabetes & Obesity
Ardagh Group Memo 140525
Ardagh Group & AMP – Ardagh Glass Packaging Volumes To Structurally Decline, Undermining AGSA SSNs & SUNs Recovery Prospects Under All Restructuring Proposals Outlined On 7/4/25 & 11/3/25. Does Arini & Canyon Lawsuit Have Merit?
Thames Water Memo 060525
Thames Water – Estimating ODI Penalties, Other Fines & Long-Term Capex Needs. What Class A & B Haircuts To Achieve New Equity IRR Targets Across Scenarios?
Thames Water Webinar 280425
Thames Water – Webinar Slide Deck – 280425
Ardagh Group Memo 140325
Ardagh Group & AMP – Ardagh Glass’ Packaging Volumes To Structurally Decline, Undermining AGSA SSNs & SUNs Recovery Prospects, Cash Flow & Capital Structure Sustainability Under Both Restructuring Solutions Outlined On 11/3/25
Klockner Pentaplast Memo 051124
Klockner Pentaplast – Eventual M&A Exit Possibilities For SVP. Implications For Refinancing, SNs & Possible PIK-Toggle Component. FY 26 €400m EBITDA Feasibility Assessment
Intrum Memo 021024
Intrum – Business Plan FY 24-28 Feasibility Assessment, SUNs Restructuring Package Value & Is Intrum An Acquisition Candidate For…?
Klockner Pentaplast Memo 290824
Klockner Pentaplast – Is FY 26 €400m EBITDA Feasible From Value Creation Plan? Assessing Scenarios & Recoveries (SSNs, TLs & SNs) – Straight Refinancing, Further Equity Injection, Break-Up & Restructuring
Intrum Webinar 300424
Deep Dive Intrum Webinar – Everest Research
Intrum Memo 190424
Intrum – Modelling Scenarios – Uptiering & Dropdown (Narrow & Holistic), Qualified Receivables Financing, Restructuring & Break-Up. Estimating Path To Servicing FY 26 Targets. Potential EBITDA Upside – Ophelos & Asset Management. Comparison vs DoValue
Morrisons Memo 300124
Morrisons – Assessing: Potential Sale Of Forecourts To Motor Fuel Group; Maximising Value In Food Manufacturing; Potential EBITDA From Morrisons On Amazon, Morrisons.com, Wholesale Supply, More Rewards & Morrisons Daily; Potential Historic Back-Pay, Prospective Costs & Potential Impact From Equal Value Claims
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