Restructuring of Engel Energy with the participation of Baker Tilly

The challenge to the restructuring plan shapes the Engel Energy process

At Baker Tilly, we have participated in the restructuring process of Engel Energy as an independent team, preparing an expert report in the context of the challenge to its restructuring plan by several financial institutions.

According to elEconomista, the energy company, specialised in self-consumption solutions, requested court approval of its restructuring plan in order to avoid insolvency.

The plan was initially approved; however, several financial institutions have challenged it, leading to a judicial review process.

Context of the restructuring

Engel Energy has undergone this process in a complex environment, aiming to ensure the viability of its business through the reorganisation of its debt and operations.

The challenge by financial institutions reflects a growing trend in the market, where creditors are taking an increasingly active role in corporate restructuring processes.

Our expert involvement

In this context, Baker Tilly has acted as a specialist in expert reports, assessing whether the proposed plan is robust and viable from an economic and financial perspective. Key aspects analysed include:

• The structure of the restructuring plan
• The company’s ability to generate sufficient resources
• The capacity to repay debt under the proposed terms
• Compliance with insolvency regulations

Our work provides an independent perspective to validate whether the plan is realistic and sustainable, within a highly complex legal and financial environment.

An evolving landscape

The challenge of restructuring plans is becoming an increasingly common practice under the Spanish Insolvency Law framework.

These situations highlight the importance of having specialised advisory support to validate the strength of restructuring plans and anticipate potential risks in their execution.

Our experience

At Baker Tilly, we have a specialised team in corporate restructuring, special situations and insolvency proceedings, supporting companies, financial institutions and other stakeholders in complex scenarios requiring rigorous and independent analysis.

We are part of a global network of independent professional services firms, with a presence in more than 140 territories, over 43,000 professionals and approximately 650 offices worldwide.