Restructuring & Corporate Performance

Restructuring & Corporate Performance

Portrait of Sascha Haghani
Senior Partner, Member of Global Executive Committee
Frankfurt Office, Central Europe
+49 69 29924-6444
Corporate transformation

A new basis for your future business

Most companies treat restructuring as a reactive solution to a crisis, but there’s more to it. Change can be initiated proactively.

Restructuring has undergone significant changes over the last few decades. At first, the focus was on restructuring the balance sheet and on getting the financial basis right. This was followed by a period driven by cost cutting. Nowadays, restructuring takes a holistic approach that starts with a sustainable business model from which cost structures, organization, and adequate financing are derived. Mainly due to changing financing environments, complex coordination issues, and dramatically rising numbers of involved parties, corporate transformation can no longer be thought of as a special tool that’s only brandished once the wheels start falling off—it is an ongoing process that can deliver enormous benefits to your company.

We are the market leader in German speaking countries and hold a strong international position. We guide companies through a goal-orientated process that helps them systematically rebuild their business systems, and we can show you how to intelligently connect restructuring with innovation, cost optimization, and growth. The aim of transforming a company is not simply to keep afloat with adapted cost structures, but to create an efficient, agile, and sustainable basis for your future business.

When we look at restructuring case portfolios, we identify them as one of two major groups. On one hand there are the classic restructuring cases. These are usually in a severe earnings or liquidity crisis, often driven by various stakeholders including the financing parties. On the other hand there are cases that have just reached—or are about to reach—an earnings crisis. These we consider as Corporate Performance cases.

While the underlying analysis and tools are very much alike, the way to initiate change is fundamentally different. In a crisis, we deliver speedy first aid and help to lay a new foundation for structural measures. Here, the need for change is usually widely understood. In a Corporate Performance situation, however, this urgency needs to be argued for and professional change management plays an even more important role. Specific tools apply in each case, with Transformation and Leadership always needed to support the necessary change

Entrepreneurial Restructuring

In our view, it takes an entrepreneurial perspective to properly restructure a company. That’s why we call our state-of-the-art approach Entrepreneurial Restructuring. It means quickly crafting tailor-made business models to support sustainable success for our clients, and combining strategic, operational and financial tasks. Starting with a convincing business model, we help to identify the "healthy core" of a company. This may mean that parts of the business are no longer deemed sustainable and other solutions must be found—for example, partial sales or partial closures.

We take a different approach to key performance indicators. Moreover, we employ senior teams with sound experience. Our clients can rely on our project base of more than 2,000 cases and a team that consists of restructuring and industry specialists, who cover strategic, operational and financial aspects. Th is is our USP, worldwide. We support our clients throughout the entire implementation, and you can even appoint one of our team to act as the chief restructuring officer within your company.

Smart Efficiency

Many companies are in the best of economic health. Yet even among these players, top executives seem increasingly uncertain about what to do in the face of geopolitical uncertainty and the changing dynamics of digitization. After all, you don't pare back a flourishing branch unless you really have to. We have developed a method that we call Smart Efficiency precisely for this situation.

We see the concept of "smart" as having two main components: acting with strategic vision, and combining efficiency with elasticity. We apply the logic of Smart Efficiency only to companies that are in good shape. This gives management plenty of room to maneuver—room that they should exploit boldly. We believe that concentrating on efficiency alone is too short-sighted, therefore we introduced elasticity as a new parameter for modeling flexible and agile companies, and we look at cost structure flexibilization in order to brace companies for unexpected blows. This agility results in team mobilization, with change management playing an ever increasing role. Taken together, this means that Smart Efficiency simultaneously improves the profitability and adaptability of our clients' core business—in both the short and medium term.

Transformation and Leadership

Change can no longer be enacted from the top—there is simply no time to debate during a storm. On the other hand, it’s obvious that transformation will fail unless everyone believes in it and is on board. From management to the employees, you need all hands on deck to realize change in the midst of disruption.

With a dedicated group of specialists and ample experience, we can help you motivate and mobilize your team. We participate in a constant exchange with relevant academic circles, putting your company at the center of the latest theoretical and practical know-how. Our comprehensive advisory services relate to all aspects concerning corporate organization, HR management, corporate transformation, and overhead efficiency. Corporate headquarters, for example, need leadership advantages to justify their costs. They are expected to add value to the company as a whole, acting as a business partner to the operating entities while still maintaining their traditional roles. Managing complexity, innovation, and talent are often where they fall short of their new expectations, but those are also the most pivotal areas for their future.

Our individualized benchmarking is designed to guide companies into highly efficient yet elastic organizational structures. We've identified six specific areas where corporate headquarters can shine in a new role, and we’ve already worked with more than 400 clients to bring these value-adding principles into action—transforming today's headquarters into tomorrow’s ahead-quarters.

Our experts
Portrait of Sascha Haghani
Senior Partner, Member of Global Executive Committee
Frankfurt Office, Central Europe
+49 69 29924-6444
Portrait of Christian Fischer
Senior Partner, Member of Supervisory Board
Stuttgart Office, Central Europe
+49 711 3275-7301
Portrait of Gerd Sievers
Senior Partner
Munich Office, Central Europe
+49 89 9230-8543
Portrait of Falco Weidemeyer
Senior Partner
Frankfurt Office, Central Europe
+49 69 29924-6207
Portrait of Rainer Bizenberger
Senior Partner
Berlin Office, Central Europe
+49 30 39927-3582
Portrait of Emmanuel Bonnaud
Senior Partner
Paris Office, Western Europe
+33 1 5367-0983
Portrait of Wilfried Aulbur
Senior Partner, Member of Supervisory Board
Mumbai Office, South Asia
+91 22 3953-7501
Portrait of Jan Beckeman
Senior Partner
Stockholm Office, Northern Europe
+46 8 410438-91
Portrait of Michael Blatz
Senior Partner
Berlin Office, Central Europe
+49 30 39927-3347
Portrait of Charles-Edouard Bouée
Senior Partner, CEO
Munich Office, Central Europe
+33 1 5367-0965
Portrait of Georges de Thieulloy
Partner
Paris Office, Western Europe
+33 1 5367-0900
Portrait of Fabian Engels
Senior Partner
Berlin Office, Central Europe
+49 160 7443-598
Portrait of Jörg Eschmann
Partner
Frankfurt Office, Central Europe
+49 69 29924-6299
Portrait of Eckehard Forberich
Partner
Frankfurt Office, Central Europe
+49 69 29924-6415
Portrait of Sven-Erik Gless
Senior Partner
Hamburg Office, Central Europe
+49 40 37631-4448
Portrait of Takashi Hirai
Senior Partner
Tokyo Office, Eastern Asia
+81 3 3587-6660
Portrait of Matthias Holzamer
Partner
Frankfurt Office, Central Europe
+49 69 29924-6401
Portrait of Paul Jowett
Senior Partner, Managing Partner United Kingdom
London Office, Western Europe
+44 20 3075-1100
Portrait of Stephan Keese
Senior Partner
Chicago Office, North America
+1 312 662-5500
Portrait of Thomas Klotz
Senior Partner, Managing Partner Southeast Asia
Singapore Office, Southeast Asia
+65 6597-4566
Portrait of Andrea Marinoni
Senior Partner
Milan Office, Southern Europe
+39 02 2950-1291
Portrait of Codrut Pascu
Senior Partner, Managing Partner Romania, Poland
Bucharest Office, Eastern Europe
+40 21 3060-500
Portrait of Jorge Pereira da Costa
Partner
São Paulo Office, South America
+55 11 3046-7111
Portrait of Vladimir Preveden
Partner, Managing Partner Austria
Vienna Office, Central Europe
+43 1 53602-200
Portrait of George Ren
Senior Partner
Shanghai Office, Eastern Asia
+86 21 5298 6677-806
Portrait of Andreas Robeck
Senior Partner
Hamburg Office, Central Europe
+49 40 37631-4344
Portrait of Jörg Seufert
Partner
Munich Office, Central Europe
+49 89 9230-8666
Portrait of René Seyger
Senior Partner
Amsterdam Office, Western Europe
+31 20 7960-600
Portrait of Klaus van Marwyk
Partner
Dusseldorf Office, Central Europe
+49 211 4389-2202
Portrait of Michel Vlasselaer
Senior Partner
Brussels Office, Western Europe
+32 2 6610-326
Portrait of Tim Zimmermann
Senior Partner
Munich Office, Central Europe
+49 89 9230-8362
Portrait of Philipp Angehrn
Senior Partner, Managing Partner Switzerland
Zurich Office, Central Europe
+41 43 336-4420
Portrait of Matthias Hanke
Senior Partner, Managing Partner Switzerland
Zurich Office, Central Europe
+41 43 336-8650
Portrait of Sven Siepen
Senior Partner, Managing Partner Switzerland
Zurich Office, Central Europe
+41 43 336-8670
Portrait of Adrian Weber
Partner
Zurich Office, Central Europe
+41 43 336-8759
Portrait of Robert Buess
Partner
Zurich Office, Central Europe
+41 43 336-8620
Portrait of Urs Arbter
Partner
Zurich Office, Central Europe
+41 43 336-8610
Portrait of Peter Schneidewind
Senior Partner
Zurich Office, Central Europe
+41 43 336-8680
Portrait of Thomas Volland
Principal
Zurich Office, Central Europe
+41 43 336-8642
Load More

  • Photo credits: Westend61 / Getty Images; suedhang / Getty Images

Get in touch

We connect restructuring with innovation, cost optimization, and growth.

Portrait of Sascha Haghani
Senior Partner, Member of Global Executive Committee
Frankfurt Office, Central Europe
+49 69 29924-6444