Restructuring & Turnaround

Companies in virtually all industries are experiencing a decade of transformation and have come under pressure to change like never before. Multinationals and SMEs alike are living through a period of polycrisis and technological disruption that is set to continue into the foreseeable future. Many companies face major and, in some cases, existential threats to their business. This ramps up the pressure to act – particularly in restructuring situations: Companies must find convincing responses to transformation challenges, overcome unexpected crises from all sides, spot trends and risks early on, and reposition their business to remain competitive. In short, the level of ambition for restructuring and turnaround is increasing. We support you in situations like these with end-to-end professional restructuring services – from concept development to complete strategic realignment.

Our transformation-centered restructuring framework

When there has been a radical change in the market and competitive landscape, any restructuring or turnaround needs to encompass a strategic transformation. The conventional approach of systematically cutting costs and securing liquidity, while still necessary, is not sufficient in such an era of upheaval to ensure the continuation of the company as a going concern. The top line and business model need to be scrutinized, refined, and realigned. Our comprehensive transformation-centered restructuring framework therefore comprises three elements: cost reduction, top-line management, and business model transformation. This makes a corporate restructuring more complex but also more sustainable. By tailoring these measures to each company's individual situation, we help our clients establish a business model that is competitive and profitable long term, that satisfies the shareholders and stakeholders, and that, importantly, is actively supported by the business's financiers.

In our restructuring consultancy, we utilize our longstanding experience and our comprehensive toolkit that has proven itself in countless crisis situations. Besides liquidity, business, and scenario planning, it encompasses all of the levers of financial and performance-related restructuring, including working capital optimization – also involving the establishment of a cash office to create maximum transparency over the liquidity situation – and the possibility to have Roland Berger IMPEX, our interim management team, assume interim management and CRO/CTO roles. Further, we work with our clients to define strategic targets for the company, laying the foundations for lasting business success through competitive cost structures, innovation, and growth. Finally, we implement the restructuring measures systematically via our project management office (PMO) and ensure their sustained impact by installing early warning systems. The restructuring or turnaround of a company thereby becomes the starting point for change that targets and achieves the defined strategic objectives with us as a partner and a sustainable restructuring program at its core.

Crisis-tested teams with proven implementation expertise

Roland Berger is the market leader for restructuring services across the German-speaking world and internationally. Our consultants have earned an outstanding reputation among our clients, business partners, and industry peers. We have almost always topped the most prestigious German rankings for years now. With their expertise and longstanding project experience in numerous industries and regions, our restructuring professionals are at the top of their field. They work closely with management to achieve permanent changes and financial and operational improvements for our clients. Our professionals are dedicated to the lasting success of every project's implementation, and they work tirelessly to ensure this.

As a reliable partner offering the full range of services to deal with crisis situations, we also support CROs and interim managers in implementing corporate restructurings and turnarounds (e.g. by establishing a CxO office). Even in insolvency situations, we maximize value for stakeholders and creditors with our well-rehearsed team of experts and innovative concepts such as shareholder-as-a-service. Our crisis-proven consultants will also be by your side to assist with (re)financing, the procurement of public forms of financial support, the establishment of preventive restructuring frameworks, and external and internal reporting.

We regularly publish publications and articles on the topics of restructuring and turnaround. They provide food for thought, classify topics, and give companies an insight into the work of our restructuring consultancy.

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