Restructuring

With thorough root cause analysis, tailored restructuring measures, and consistent implementation, we create the foundation for a sustainable turnaround and renewed viability.

Comprehensive Solutions to Crisis

Tailored, in-depth, targeted.

One moment the company is performing very well, then (seemingly) suddenly orders disappear. Because a competitor has caught up significantly, disruptive technologies threaten the business model, shareholders are in disagreement, or legislation has been tightened. The reasons for a crisis can be this diverse, and they must be carefully examined to understand the root causes. Only then can you act quickly and purposefully before the situation becomes existential.

But how can you successfully achieve the turnaround? What are the real causes of the crisis, and at what stage are you? Is the business model still viable, or is a strategic shift necessary? What options are available, and which are feasible? What could the new vision be after restructuring?

maconda answers these questions and develops tailored solutions in close collaboration with the company, depending on the crisis phase. Because whether the crisis is just emerging or already well advanced, situation-specific methods and measures are required: strategic-conceptual, organizational, or liquidity- and capital-oriented.

We can support you based on our long-standing track record in restructuring, as well as our in-depth market and industry knowledge.

Zwei Kollegen besprechen Unterlagen an einem großen Holztisch in einem modernen Büro

"When improving company performance, especially in fundamental restructuring, comprehensive industry knowledge is essential to make the right decisions quickly and accurately. Excel is forgiving, and many restructuring plans are exhausted in extensive spreadsheets. Our restructuring professionals go a step further and bring comprehensive industry expertise. This substantially facilitates access to a company's challenges."

Two colleagues review a plan together at a wooden desk in a modern open plan office

Dr. Rainer Mayer

Managing Director

Restructuring Planning and Implementation Support

Regain your former strength.

A crisis doesn’t ring the doorbell. It creeps in quietly and only becomes noticeable when it’s almost too late. Often the mistake is not that individual warning signs of a crisis are not seen, but that they are underestimated in the overall context. Once the crisis is here, action must be taken strategically, operationally, and financially. Our restructuring program provides first aid and serves to sustainably restore performance. Because restructuring does not only mean cost reduction, but also sustainable revenue growth.

As an independent advisor to banks and investors, we show you opportunities and risks from a neutral distance and develop the right approach in trusted collaboration. Depending on the severity of the distress, these can be softer measures or hard cuts. Through our extensive know-how from numerous consulting mandates, we have our ear to the market and can quickly develop comprehensive solutions to the crisis.

Zwei Fachleute prüfen in einer Fabrik eine automatisierte Produktionslinie der Mann zeigt auf die Maschine die Frau hält ein violettes Klemmbrett

We support you quickly and purposefully in all phases:

Assessment (1-2 weeks): rapid creation of transparency, determination of liquidity situation and financing needs, SWOT profile, Quick Check for investors/shareholders and financing banks, certification according to §270b InsO, identification of action options
Tailored restructuring plan (3-8 weeks): assessment of crisis trajectory, analysis of value drivers, market and competitive analysis, integrated restructuring and financial planning concept, package of measures
Immediate measures, detailed planning, and implementation (from the start; often up to 18 months, sometimes longer): securing liquidity and liquidity planning, initiating strategic and operational realignment, active working capital management, negotiations with stakeholders, management of the restructuring process and project management, change management, documentation

Depending on requirements, we also take on the search for a new shareholder, a buyer, or a successor. In addition to management, we also support trustees and insolvency administrators in protective shield and standard proceedings as well as in any sale of the company.

Case Studies

Initial situation:

Leading German manufacturer of residential and outdoor lighting, active in an increasingly challenging market environment, has been loss-making for some time

Task:

Strategic and operational realignment and sustainable restructuring of the company, including the development of new revenue drivers as a basis for a turnaround

maconda’s contribution:

Development of potential new business areas, e.g., Smart Home
Identification and analysis of specific end-customer needs as a key factor for product range policy, selection of sales channels, marketing, and brand management
Significant acceleration of the product development and procurement process: more than halving the time-to-market; rapid adoption of current market trends and frequent launches of innovative products
Development of a differentiated, rolling product range matrix that meets customer requirements in the served sales channels
Implementation of a controlling tool to increase transparency regarding the success of individual product groups and sales channels
Development of a special range for promotional goods; development and implementation of a tool to systematically analyze retail promotions

Initial situation:

A foreign bank, as the main creditor, aims to achieve the highest possible repayment of its claim from an insolvent mid-sized manufacturer of high-quality personal care and cosmetic products.

Task:

As an experienced restructuring advisor, maconda is to critically support the restructuring process set up by the insolvency administrator and represent the bank’s interests.

maconda’s contribution:

Detailed analysis and assessment of the business model and the causes of the crisis, as well as determination of the liquidity situation
Analysis of the non-transparent corporate structure; development of proposals for the carve-out of operating units and brands for sale
Preparation of a going-concern forecast for the client; development of a detailed action plan
Negotiations with the existing shareholder on options and terms for re-entering the company; development of safeguarding mechanisms
Support in identifying and selecting potential investors; support in negotiations, as well as development and negotiation of complex term sheets
Advising and supporting the bank regarding the conditions and implications of a restructuring, as well as coordinating all activities and information flows
Repayment of a large portion of the client’s outstanding claims

Initial situation:

An established manufacturer of precast reinforced-concrete components for the production of sewer pipes and manhole components requires support with liquidity planning and avoiding insolvency maturity.

Task:

Creating transparency regarding the profitability of products and orders, as well as developing and implementing measures to avoid insolvency.

maconda contribution:

Determining the stage of the crisis and identifying root causes
Setting up a detailed rolling liquidity plan and continuously refining it
Preparing standstill agreements with suppliers; analysing orders, contribution margins and order lead times
Developing levers for the rapid release of liquidity and discussing them with all executives
Optimising sales, including proactive customer outreach, targeted marketing, shortening lead times, etc.
Avoided insolvency; the company became profitable for the first time after six years and was subsequently successfully sold to a competitor

Tackle the turnaround with determination.

We quickly create transparency, develop a tailored restructuring plan, and support you in consistent implementation—so your company becomes capable of action, high-performing, and future-proof again.

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