Pacific Islands Business Advisory
Advisory Services for Pacifica Businesses
The influence of the Pacific region is significantly growing on the global stage, as businesses in the area extend their influence outward. Today, we see various external factors impacting Pacifica organisations, demanding a shift in their operational strategies and business approach
- Growth in population and disposable income
- Global demand and strategic interest
- Mineral and resource discoveries
- Entry of new technologies
- Changing governments and regulations
- Food security and production
- A review of working capital and lending restrictions
Navigating these forces requires skill and an internal understanding of the market changes andregulations. Olvera’s advisory service helps Pacific Island businesses not just navigate the market butthrive in it.
About Olvera
How We Can Help
Olvera Advisors’ vast experience and knowledge throughout the Pacific Islands offer businesses and their stakeholders stability in a volatile market and manage any financial distress. Our services include:
Risk Management
Risk Management
Forensics Investigation
Forensics Investigation
Financial Analysis
Financial Analysis
DOCA Administration & Execution
DOCA Administration & Execution
Exit Planning
Exit Planning Relevant Experience
Our Work in the Pacifica
Restructuring – Food Production Company in Papua New Guinea
Olvera was engaged with a conglomerate group in Papua New Guinea, with a main business in food production in selected locations on the island. We delivered a restructuring program that focused on gross profit improvement, cost reduction, and recapitalisation of the core profitable business while divesting the nonperforming businesses.
Our recommendations were implemented by the board, resulting in a restructuring of the debt facility, equity injection, and a partial repayment for the financier.
Liquidation – Bank of Nauru
Our principal, Niel Cussen, was appointed as an Official Liquidator to wind up Nauru’s former Reserve Bank, the Bank of Nauru. The liquidation took years and included the confirmation and reconciliation of claims against the bank, as well as the pursuit of debtors in multiple jurisdictions, including state-owned enterprises.
The winding up of the bank's affairs has been conducted in close collaboration with the Government of Nauru including the Department of Finance, Asian Development Bank and DFAT.
Investigation Accountant – Softwood Processing in Papua New Guinea
Our team was engaged in undertaking a report on a group of companies specialising in the growing, harvesting and processing of balsa timber, which was primarily for export and use in wind tower turbine blades.
A recommendation was made to the financier that the client should pursue a strategy to reduce debt to more sustainable levels. We also negotiated this in return for support to the groups’ upcoming FX contract and HP facility commitments.
Receivership – Coffee, Copra and Coconut Plantations Papua New Guinea
Our principal, Neil Cussen, has been appointed numerous times as a Receiver and Manager for secured lenders wanting to recover distressed loans.
This process has involved selling properties and businesses whilst sourcing and matching the right purchaser to the vendor’s business and assets. Partnering with local indigenous leaders has been key toNeil's to success in delivering the best possible outcome for both financier and client.
Feasibility Review - Pre-Construction Project in Fiji
Our team was engaged by a second-tier financier to review the feasibility of a new hotel project in Momi Bay in Fiji. The project was a significant investment in the region, and due to under capitalisation of the proposed developer, our recommendation was to put the project on hold until an injection of capital or government support could be achieved.
With growing financial difficulties faced by the developer, the project was ultimately not completed and the developer was later placed into Liquidation in New Zealand.
Investigating Accountant – Coffee Processor in Timor Leste
Olvera was tasked with investigating the financial position of a company that processed coffee for export to customers predominantly in Europe and parts of Asia. Our investigations revealed that the business was insolvent, and there would be minimal recovery from taking enforcement actions against it.
We recommended to the financier that avenues be pursued to partner with the company to reduce its debt exposure from its major shareholder located in Singapore.
Our Approach
Speak to the Olvera Expert
Neil Cussen
Neil is a respected expert in the Insolvency and Reconstruction industry, bringing a substantial tenure of over 35 years. As a Chartered Accountant and Registered Liquidator, his areas of specialisation include asset tracking, corporate insolvency, business revitalization and turnaround, debt consultancy, and financial examinations.
Resources
Latest Insights, News, and Reports
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