The bank or private equity investor bringing in advisors is typically the party identifying distress in larger companies, not the company itself, because they have financial stake and access to covenant information.
factualpending
Speaker
Carl SeidmanEvidence Quote
“it wasn't I hate to say this it's actually not the company that's sounding the alarm it's the bank or it's a private Equity Firm it's somebody who wants their money out it's somebody who has some skin in the game”
Source
Fractional CFO Insights on Financial Modeling and Business Turnaround with Carl Seidman— The FP&A GuyCreated: 8/12/2026, 6:05:11 PM
My Notes
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