welding

We lead and support the implementation of a focused short-term survival effort for companies or divisions in financial distress

We base our corporate turnaround efforts on the acknowledged need to avoid an impending bankruptcy or location shutdown. These programs require a clear communication strategy from the beginning and a determined leadership to focus the time and resources of the turnaround team on key issues. Our project management skills and integrated view of markets, financials and operations enable us to work effectively with key stakeholders, banks, accountants and lawyers to offer creative solutions to operational issues and to identify potential obstacles and mitigations early on in the process. We offer a seamless integration into our investment and performance improvement services in case of potential buyout or split up/improvement scenarios if required.

Establish rapid turnaround team and procedures

  • Turnaround organization and processes
  • Management alignment and team selection
  • Stakeholder communication

Create stakeholder confidence

  • Assessment of financial, market and operational situation and key assumptions involving external industry experts
  • On-site operational validations if required
  • Future state value proposition and strategic positioning
  • Target business model, organization and processes
  • Business plan including potential downsides and possible mitigations
  • Recovery roadmap with assigned cash flow/net debt targets and tight tracking mechanisms

Implement survival measures

  • Short-term liquidity management
  • Working capital reduction
  • Asset divestitures
  • Portfolio and capex optimization
  • Capacity adaptations
  • Compensation review
  • Off-balance-sheet financing
  • Debt restructuring