Restructuring & turnaround (distressed situations)

Get back on track through our fast implementation speed

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The globalization of value chains, a volatile regulatory environment, and the ongoing digitization are leading to abrupt and disruptive changes.

Companies which, because of this or for other reasons, run into earnings or liquidity difficulties must act quickly and decisively. Their stakeholders – in particular creditors and shareholders – demand a maximum transparency and consistent transformation. It is not only about mitigating the risk of an insolvency but also about the achievement of a comprehensive turnaround.

Our comprehensive restructuring concept puts the strategy to the test, optimizes the operating business and quickly improves the financial situation.

We never lose sight of the big picture. After all, a sustainable turnaround can only succeed if the strategy convinces most stakeholders!

In close cooperation with the management, we ensure the timely and consistent implementation of measures. In this way, we deliver rapid results and strengthen the company’s resilience in the long-term.

We offer the following services:

PHASE 1

Independent business review (IBR)

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    Evaluate on the business model, competitive position, organization, operations, and business/ liquidity plans as well as the financing structure

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    Test the financial resilience using business case simulations

PHASE 2

Restructuring concept & interim management

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    Design a restructuring plan

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    Communicate and collaborate with key stakeholders

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    Fill key management positions

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    Project Management Office (PMO) for the concept implementation

PHASE 3

Strategic & organizational realignment

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    Transform the business model

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    Evaluate and improve the product portfolio/ service spectrum

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    Analyse and adapt the organizational structure

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    Spin-off/ divest business units or sell the entire company (distressed M&A)

PHASE 4

Operational restructuring

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    Search for alternative revenue opportunities and analyse the pricing policy (top-line)

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    Reduce material, personnel, and other operating costs (bottom-line)

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    Optimize operating sites

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    Implement a working capital management

PHASE 5

Financial restructuring

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    Prepare a business and liquidity plan

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    Determine financing needs

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    Optimize the financial structure