akohtadvisory
Akoht Advisory consultants reviewing financial information in a boardroom
Restructuring & Transaction Advisory

Clarity for critical financial decisions.

We help businesses navigate financial distress, restructures and transactions — with quality information, rigorous modelling and independent advice.

Contact Us Our Services
Who we are

Restructuring & transaction advisory, rooted in sustainable performance.

Akoht Advisory is a restructuring and transaction advisory company. Our existence is rooted in assisting our clients grow and develop sustainable financial performance — delivering best-quality services with efficiency.

Our purpose

To empower our clients with quality information for strategic decisions.

We believe organisations that thrive are driven by the execution of well-informed strategies.

Cash flow forecast analysis
Where we work

From Sandton, Johannesburg — across complex listed entities to medium-sized organisations, spanning multiple industries and sectors.

Sandton, Johannesburg skyline
Our services

Integrated solutions for every engagement

Our services are designed to complement one another, enabling us to deliver holistic solutions to our clients.

Restructuring services

01

Business rescue support

  • Financial forecast for the plan

    • Financial modelling of restructure options
    • Scenario analysis for differing business rescue strategies

  • Liquidated Estimated Outcomes Statement (LEOS)

    • Creditor outcomes in a liquidation scenario, as required by the plan

  • Liquidity management

    • Financial internal controls for liquidity
    • Short-term forecast implementation and monitoring
02

Entity priority modelling

  • Determining creditor returns

    • Solvency scenarios illustrating creditor returns

  • Payment waterfall

    • Waterfalls to differing classes of creditors

  • Security structure

    • Value of assets available for security
    • Encumbered assets and values in insolvency
03

Liquidity management

  • Distressed liquidity assessment

    • Thirteen-week, twelve-month and one-to-five-year cash flow forecasts, developed and monitored
04

IIBR & business turnaround planning

  • Root cause analysis

    • Key issues leading to financial distress

  • Financial review

    • Historical and forecast financial statements
    • Short-term cash flow liquidity needs

  • Strategy viability & turnaround plan

    • Competitive landscape and strategy analysis
    • Designing a viable solution
05

Options analysis

  • Informal restructure

    • Trade out and/or wind-down implications

  • Formal restructure

    • Consequences of business rescue, creditor compromise and/or liquidation
06

Stakeholder engagement

  • Creditors & key stakeholders

    • Negotiation support with lenders and shareholders on funding
    • Performance monitoring and stakeholder reporting

Transaction support services

Valuations, financial modelling and due diligence to support transactions, restructures and critical financial decisions.

01

Valuations

  • Enterprise valuation

    • Fund, start-up and shareholder dispute valuations
    • Independent valuation for transactions

  • Financial reporting

    • Valuation for impairment testing

  • Audit support

    • Impairment testing, independent valuation review, cash flow review
02

Financial modelling

  • Project finance

    • Model development and/or independent review

  • Debt advisory

    • Term sheet negotiation support
    • Refinance, amend & extend advisory

  • Private equity

    • LBO model builds
    • Fund performance modelling
03

Due diligence

  • Buy-side financial due diligence

    • Target history, shareholder analysis, forecast assumptions

  • Carve-out support

    • Intercompany trade and support services assessment

  • Working capital optimisation

    • Short-term debt utilisation
    • Creditor and debtor analysis
04

Accounting support

  • Finance function support

    • Working capital improvement
    • KPIs, budgets and forecasts
    • Strategic planning
Discuss your needs
Our approach & values

Best-quality services, delivered with efficiency.

Our values guide how we work with clients, stakeholders and each other — from the first conversation to the final recommendation.

Purpose

To empower our clients with quality information for strategic decisions. Organisations that thrive are driven by execution of well-informed strategies.

Integrity

Our foundation is built on ethical business practices. We protect our reputation by our consistent display of integrity.

Accountability

We take accountability in delivering quality services to our clients, building trust and strong business relationships.

Respect

Respect is essential to maintaining strong relationships with all stakeholders. Everyone should be treated with respect.

Togetherness

Strong internal relationships enable a combined effort to meet client needs.

Honesty

Truthfulness forms part of our fabric. Continued honesty in business dealings builds long-lasting relationships.

Our team

Experienced, qualified advisors

Our team has experience across a broad spectrum of engagements, ranging from complex listed entities to medium-sized organisations.

Legateng Thoka CA (SA)

Legateng Thoka CA (SA)

Managing Director

Qualifications

  • BCom Accounting Honours (CTA) – University of Johannesburg
  • SLP in Business Rescue – University of Johannesburg
  • SA Insolvency Law and Practice – INSOL International & University of Pretoria

Over a decade of experience in the investment management industry, advising on corporate finance projects spanning valuation, financial modelling, financial due diligence and corporate restructuring. Prior experience includes Deloitte.

Selected mandate experience

  • Business rescue advisor to Rebosis Limited, Edcon Limited business and Consolidated Infrastructure Group
  • Carve-out due diligence for a JSE-listed telecommunications group
  • Independent business reviews supporting debt refinancing for petroleum, construction and West-African telecommunications groups
  • Entity priority modelling and five-year strategy analysis for a multinational agribusiness during a standstill period
  • Key part of external audits of GEPF/PIC, Brait, Nedbank Investment Banking, Ata Capital, Medu Capital and PAPE Funds, among others
Mahesh Patel CA (SA) AFM

Mahesh Patel CA (SA) AFM

Senior Consultant

Qualifications

  • BCom Accounting Honours (CTA) – University of Johannesburg
  • Advanced Financial Modeler (AFM)

Over eight years advising on complex turnaround and restructuring mandates across industries, including capital re/structuring, financial modelling and forecast analysis for appropriate debt levels. Prior experience includes PwC and EY.

Selected mandate experience

  • Business rescue advisor to the Ster Kinekor Theatres business rescue practitioner, including financing, cash flow management and model build
  • Independent business review for a multinational JSE-listed pharma group to negotiate debt refinancing
  • Advisor to a large unlisted BEE fund on multi-lender debt restructuring with new funding raised
  • Advisor on the debt restructure for an unlisted mining services group
Contact us

Let's talk

Tell us about your situation and we'll be in touch.

Get in touch

Office

Workshop 17, 138 West St, Sandton, Johannesburg, 2031
Sandton skyline