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Restructuring

Life-threatening company crises generally follow the same pattern: the strategic crisis spills over into an earnings crisis that ends up triggering a liquidity crisis. These developments can lead to insolvency if companies fail to take corrective action.

In order to stop and reverse this development, management needs a sound restructuring program that works.

In brief

Consistently applying the key success factors of restructuring

Life-threatening company crises generally follow the same pattern: the strategic crisis spills over into an earnings crisis that ends up triggering a liquidity crisis. These developments can lead to insolvency if companies fail to take corrective action.

In order to stop and reverse this development, management needs a sound restructuring program that works. The first key success factor is top management's full commitment. But it is also essential to take a holistic approach which considers the balance sheet, income statement and cash flow. Implementation speed is another very important aspect of successful restructuring.

The Restructuring Practice Group of Roland Berger Strategy Consultants provides top management and investors/creditors with excellent restructuring concepts both operational and also for a financial restructuring. In addition, we support the entire implementation process and ensure that necessary actions are taken quickly. We can also provide the company with senior experts who have considerable experience and who can act as interim managers.

 
Our restructuring approach has four key strengths
 

We draw upon our vast experience gained from well over 2,000 restructuring projects. These projects involved both leading German and international groups, and SMEs in the manufacturing, retail and service industries. We leverage all our know-how to secure that all success factors are actually implemented. This helps our clients overcome their crisis and grow profitably again.

 
Approach to corporate restructuring
 

Our Experts

Bernd Brunke

Partner

Berlin office, Germany
phone: +49 30 39927-3527
e-mail

 
Wim van Acker

Partner

Detroit office, USA
phone: +1 248 729-5000
e-mail

 
Jorge Alcobia

Partner

Lisbon office, Portugal
phone: +351 21 3567600-0
e-mail

 
Michael Blatz
Michael Blatz

Partner and Head of Corporate Performance

Berlin office, Germany
phone: +49 30 39927-3347
e-mail

 
Isao Endo

Partner

Tokyo office, Japan
phone: +81 3 358 76-660
e-mail

 
Max Falckenberg

Partner

Duesseldorf office, Germany
phone: +49 211 4389-2301
e-mail

 
Steve Francis

Partner

London office, United Kingdom
phone: +44 20 7290-4840
e-mail

 
Joost Geginat
Joost Geginat

Partner

Zurich office, Switzerland
phone: +41 44 38481-74
e-mail

 
publication dummy
Christian Gieselmann

Principal

Milan office, Italy
phone: +39 02 29501-213
e-mail

 
Manfred Hader

Partner

Hamburg office, Germany
phone: +49 40 37631-4327
e-mail

 
Wolfgang Herrmann
Wolfgang Herrmann

Partner

Berlin office, Germany
phone: +49 30 399 27-3572
e-mail

 
Takashi Hirai

Partner

Tokyo office, Japan
phone: +81 3 35876-660
e-mail

 
Masugi Kaminaga

Partner

Tokyo office, Japan
phone: +81 3 35876-660
e-mail

 
Jan Kowalczyk

Principal

Warsaw office, Poland
phone: +48 22 32374-77
e-mail

 
Karl Kraus

Partner

Berlin office, Germany
phone: +49 30 39927-3310
e-mail

 
Klaus Kremers

Principal

London office, United Kingdom
phone: +44 20 7290-4871
e-mail

 
Nils von Kuhlwein
Nils von Kuhlwein

Partner

Duesseldorf office, Germany
phone: +49 211 4389-2122
e-mail

 
Uwe Kumm

Partner

Moscow office, Russia
phone: +49 30 39927-3534
e-mail

 
Karsten Lafrenz

Principal

Berlin office, Germany
phone: +49 30 39927-3571
e-mail

 
publication dummy
Andrea Marinoni

Principal

Milan office, Italy
phone: +39 02 29501-296
e-mail

 
Koichi Mizutome

Partner

Tokyo office, Japan
phone: +81 3 35876-660
e-mail

 
Müller Sarmiento
Patrick Müller-Sarmiento

Principal

Munich office, Germany
phone: +49 89 9230-8489
e-mail

 
Rupert Petry

Managing Partner

Vienna office, Austria
phone: +43 1 53602-101
e-mail

 
Jérôme Rein

Principal

Paris office, France
phone: +33 1 53670-920
e-mail

 
Martin Wittig

Partner, Member of the Executive Committee and Head of Transportation

Zurich office, Switzerland
phone: +41 44 38481-30
e-mail

 
Qi Wu
Qi Wu

Partner

Beijing office, China
phone: +86 10 84400088-608
e-mail

 
Hisaji Yoneda

Partner

Tokyo office, Japan
phone: +81 3 35876-660
e-mail

 

Further reading

Restructuring in Germany

Survey, 2008

German executives estimate the consequences of the subprime crisis for their own companies as less severe than for the economy at large. That was one of the results of our recent study "Restructuring in Germany - Effects of the subprime crisis on companies' restructuring needs" …  >>

 
Restructuring in Germany

Study (in German), 2006

Today, German companies are much slower to respond to crises then they were three years ago. According to a Roland Berger Strategy Consultants survey of executives and CEOs at German SMEs and large companies, about one-third (30%) of managers take action in the first year after identifying a crisis …  >>

 
Kapitalkosten als strategisches Entscheidungskriterium

Study, 2006

Risk-adjusted capital allocation remains a major challenge to many companies. This is the finding of a study of 72 large companies in Germany and Switzerland conducted by Roland Berger Strategy Consultants in 2005. The study reveals what actually happens in practice, discusses the strengths and weaknesses of the most common approaches, and contributes to finding a more workable, effective solution. …  >>

 
M.Blatz et al., Corporate Restructuring

Book by Michael Blatz, Sascha Haghani, Karl Kraus, 2006

The number of corporate crises has increased significantly in recent years. The companies affected must be restructured, and it has become conventional wisdom that they must do more than improve operations and realign their strategies …  >>

 
Executive review

Article in Executive Review, 2006

How restructuring can return a company to competitive strength and financial health. …  (PDF, 153 KB)

 
Restructuring in Europe

Study, 2005

Many companies are unable to recognize risks and successfully turn themselves around, which is putting a brake on Europe's growth. This is the result of our study on "Restructuring in Europe 2005" …  >>

 
Executive review

Article in Executive Review, 2004

Interview with Jürgen Olbrich, Chairman of the Board of Management, Edelstahlwerke Witten-Krefeld GmbH …  (PDF, 909 KB)