If you are a toll road concessionaire and the name Korda Mentha starts being discussed by your lenders, you might conclude that your time is up.
Korda Mentha is an Australian firm specialising in, as it tactfully writes on its website, “assisting businesses facing challenging financial and performance issues”. In other words, Korda Mentha is the people your lenders will call if they feel your business (their investment) stands to lose money.
Why receivership is not the end
Korda Mentha has acted as receiver for a number of distressed Australian toll roads, most recently Brisbane’s ill-fated Clem7 tunnel. Partner Martin Madden talks through a typical process and explains how some lenders can profit from it.
