Turnaround

Companies in crisis get tailor-made help through our unique phase-gated turnaround method. Organizations in Crisis require an experienced Turnaround Manager with the right "Spirit" but also a well-funded Framework: Our unique 5by5 Method.

Turnaround

Our unique Turnaround method HELPS jeopardized Missions on their way back from red to green.

A Turnaround is a set of strategies designed to rescue a failing business, an important corporate mission, or project. Depending on the type below, we adapt legal, financial, and organizational 5 by5 procedures.

Strategic

Turnaround

Financial

Turnaround

Project

Turnaround

Operational

Turnaround

Supporting the interest of owners, investors, or insolvency administrators we drive surviving strategy changes in your business entities in crisis. Possible scenarios to appoint us, depending on goals and situation.

CRO / CEO & board member

Being assigned by the owners, a CEO, or an Insolvency administrator in the role of a CRO (Chief Restructuring Officer) we offer emergency support in defining and executing urgently needed cross-company measures.

Restructuring-administrator (§96 StaRUG)

Self-administration (comparable to US Chapter 11) has gained importance with the introduction of the StaRUG. Upon request, the court (following §96 StaRUG) appoints us as restructuring administrators. Depending on whether this is optional (application by the debtor) or mandatory (ex officio), we fulfill different tasks.

As an alternative to highly complex insolvency procedures, we support you with the restructuring plan and its implementation (the aim: restructuring of legal relationships to achieve a fast turnaround).

Restructuring mediator (§73 StaRUG)

Restructuring mediation according to sections §§ 94-100 StaRUG is a novelty:
It regulates a non-public (quasi-secret!) procedure in a severe financial crisis to reach an agreement between the debtor and creditors. The aim is to reach a settlement that is largely confirmed by the court and cannot be contested. Prerequisite: no insolvency or over-indebtedness exists.

With an initial time limit of three months and monthly reporting obligations to the court, we provide support in analyzing the current situation and drawing up a proposal for a restructuring settlement.

Interim CIO or CTO

We are specialized in Tech- & IT-oriented assignments.
In the capacity of a CIO or CTO, we are keen to

  • support you in fighting back for profitability &  operational excellence (operational turnaround)
  • strengthen the position of your IT department and its role in a crisis situation
  • align IT with the goals of your overall strategic turnaround

Member of a controlling bodyMember of a controlling body

A strategic or operational crisis needs attention action. Based on our long-standing tech & IT management background we know how to guide C-Levels and scrutinize their turnaround strategies or even management style in the era of ongoing disruption, digitalization, and work 2.0.

As well-experienced Crisis Managers we take immediate action, esp. in cases of amounting pressure or losing trust of your stakeholders.
Turnarounds are specific to the organizational level and situation, so are our possible assignments:

Mission lead

As assigned crisis mission leads, we drive planning & execution of cross-company or department-specific ambitions, where we apply an autonomous, agile-driven, and multidisciplinary style of working.
Example: crisis management in the area of M&A, like acquisitions or carve-outs

Program manager

Jeopardized programs are often of existential importance for associated tech departments and their heads. So, failing programs are often seen as a possible danger to their departments or their own carrier. In such situations, we can replace the current program manager, or -less disturbing- act as co-lead to give the program a new spin.
Example: Rescue operation of an ERP or Infrastructure implementation

Project manager

If a project fails urgent action is needed to get a better understanding of the situation and necessary actions. If needed, we can act as an interim project manager in such cases.
Example: An kind of isolated technical tasks

Embedded in a team as a SME

Another way of assignment is to act as a Subject Matter Expert. Exemplarily this can be the case in pre- or post-mergers (M&A, Mergers & Acquisitions).

External coach and advisor

Are you a project leader and want to stay in that position even if you are facing a very challenging project situation? Are you looking for visible or hidden help? In such a situation we can be commissioned as external coaches.
We encourage as well department heads who see their project manager struggle but want the project to succeed.