During company crises, when covenants, balance sheet figures or the like have worsened, your financing partners will come to you and request an independent report based on the IDWS6 standard.
This is to the fact that your financing partner will only be able to provide further funds in a legally binding manner, or decide on restructuring measures, on the basis of such a report.

Such a report must fulfill various requirements. To ensure it provides a basis for making decisions for your financing partner, it must for example take the latest rulings of the Supreme Court of Justice (BGH) into consideration. For this reason, banks place a lot of importance on having this report prepared by an auditor or experienced restructuring consultant.

Due to the depth required for creating such a report, it not only serves to fulfill the formal requirements, but also provides the company with significant added value.

Based on our experience and numerous IDWS6 reports as well as the subsequent support during implementation, we know exactly which demands your bank will make.

In situations where restructuring is no longer possible without going to court, we help you to utilize the new possibilities provided by insolvency law, self-administration or insolvency protection proceedings (§§270a and 270b Insolvency Act), in order to ensure maximum control and value retention for all involved. This process has the advantage that the company can continue to manage itself during the crisis.

We support the goal of restoring a healthy structure for the restructured company as quickly as possible through optimum preparation, and the selection and promotion of the most competent solicitor / insolvency trustee. If required and requested, we can also support you as an external body during the procedure, in order to establish trust and reduce your risks.

• M&A-transactions generally take 6-9 months to complete, based on the level of complexity of the transaction object. During insolvency proceedings, the M&A process („sell side“) often needs to be completed within a period of 6 to 12 weeks.
• The period of time available for the transaction process during the (opened) proceedings, is significantly influenced by the available liquid resources required to maintain operations.
• During the process, three exploitation options are usually available (restructuring by transfer, insolvency plan, liquidation), the economic and legal limits and possibilities of which should be considered and compared during the transaction process.
• We are a leading consulting firm for SMEs in Germany, and our focal points include restructuring and M&As during insolvency. In 2015 alone, we were able to successfully conclude 7 transactions.
• Furthermore, we also possess a wealth of know-how when it comes to restructuring and reorganization, which allows the transaction process with regard to existing restructuring approaches from the perspective of investors and the insolvency administrators/creditor committees to be prepared in a transparent manner.
• The rapid identification of potential investors at home and abroad and the targeted structuring and execution of the transaction while taking deadlines, sector-specific peculiarities and insolvency regulations into consideration are key to ensuring the success of the M&A process.