Corporate Restructuring

Finance in Times of Crisis

  • Michael Blatz
  • Karl-J. Kraus
  • Sascha Haghani

Table of contents

  1. Front Matter
    Pages I-XII
  2. The Success Factors of Restructuring in Germany — New Challenges for Corporate Financing

    1. Front Matter
      Pages 1-1
    2. Bernd Brunke, Stephan Foerschle, Sascha Haghani, Florian Huber, Nils von Kuhlwein, Björn Waldow
      Pages 23-35
    3. Sascha Haghani, Maik Piehler
      Pages 37-42
    4. Nils von Kuhlwein
      Pages 65-73
  3. The Results of the Latest Surveys Performed by Roland Berger Strategy Consultants

    1. Front Matter
      Pages 75-75
    2. Nils von Kuhlwein, Michael Richthammer
      Pages 89-104
  4. Practical Financial Restructuring Examples — Case Studies

    1. Front Matter
      Pages 105-105
    2. Karl-J. Kraus, Ralf Moldenhauer
      Pages 107-116
    3. Michael Blatz, Christian Paul, Julian zu Putlitz
      Pages 133-145
  5. Back Matter
    Pages 175-180

About this book

Introduction

Technological progress and globalization have completely changed the overall conditions and rules of entrepreneurial engagement. The speed of this modern high performance economy has accelerated, competition is fiercer than ever, and the battles are no longer fought in the domestic or intra-European arena, but on a global level. To keep up with their rivals and increase their productivity, bu- nesses must be able to efficiently manage their processes and structures. However, strategies and business models must be developed simultaneously to set the stage for a successful and sustainable course of expansion. Driven by these forces, the management and focus of restructuring measures has also changed in recent years: in the past, the primary objective was to implement solutions to improve the operational end of the business – and, ultimately, to cut costs. The strategic revamping of the company is closely linked to this type of operational restructuring. Since then, however, another financial dimension has been added to this restructuring approach. In other words, the restructuring pr- ess – and the respective demands it imposes on stakeholders, such as managers, financial partners, and consultants – has evolved substantially from pure cost cutting measures (often associated with "rightsizing") to consulting on the brink of insolvency (planned insolvency method) and growth-oriented financial restr- turing.

Keywords

Change Corporate Finance Distressed Debt Finance Financing M & A Mergers and Acquisitions Options Recapitalisation Restructuring management strategy

Editors and affiliations

  • Michael Blatz
    • 1
  • Karl-J. Kraus
    • 1
  • Sascha Haghani
    • 2
  1. 1.Roland BergerStrategy Consultants GmbHBerlinGermany
  2. 2.Roland BergerStrategy Consultants GmbHDüsseldorfGermany

Bibliographic information

  • DOI https://doi.org/10.1007/3-540-33075-5
  • Copyright Information Springer-Verlag Berlin Heidelberg 2006
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-33074-5
  • Online ISBN 978-3-540-33075-2
  • About this book