This article by Franco Carlo Papa (Chairman of PGS Consulenti) and Luca Sala (Partner of PGS Consulenti) analyses the conditions necessary for restoring company competiveness through consolidation processes in the current crisis environment. Detailed attention is given to the conditions for developing: 1) business valuation, 2) processes of concentration, 3) debt adjustment, 4) new forms of borrowing. Indeed such new forms of borrowing need to be tested to overcome or at least mitigate the current bank-centric system.