ABSTRACT

The global crisis and its implications, requiring restructuring and radically transformation of the corporate firms still holds good. On the other hand, while many record increases are observed in terms of the firm takeovers even in Turkey, the situation is comprehended to be very different from the apparent, when we approach the topic from the point of view of the “purchased firm”. By the end of 2011, the amount of 241 mergers and takeover is worth of approximately 15 billion Turkish Liras. The main theme of our analysis is established on how to secure the value of approximately 15 billion Turkish Liras. The “reestablishment operation” of this security and also the augmentation of value are called “Turnaround Management” in the international jargon. We aim to focus on this topic and analyze the approaches relevant to the protection of this value in our paper.

Our analysis consists of three parts: In the first part, we analyze the Turnaround Management and the roles undertaken by the financial management. In the second part we will be elaborating what might be the important early warning signals before the Turnaround Management for us and the Moody’s Analytics Models and its instruments in this framework in detail. In the last part, we discuss the preparation of the Turnaround Concept and its implementation.