Financial Restructuring & Debt Advisory

Following challenging market conditions in the oil and gas industry, which resulted in project delays and a decline in A. Hak’s margins, the company was put under heightened supervision of its financing banks ABN AMRO and ING medio 2016.

Quore Capital advised A. Hak and its shareholders on the financial restructuring, which included amongst others (i) negotiating the credit facilities with the financing banks, (ii) an extensive disposal program, resulting in the sale of Kaal Masten to VDL, Tjaden to Hölscher Wasserbau, A. Hak Industrial Services to First Reserve and Mechanical Contracting Limburg (MCL) to Sitech Services and (iii) the introduction of a new governance structure with a new Management & Supervisory Board.

September 2016 – December 2017

• Client: A. Hak