Turnaround Management (selection)
Printing and packaging company
(CHF 70 million turnover; 350 employees)- Concluded a standstill agreement and waiver with banks financing loan
- Identified liquidity and capital optimisation potential
- Defined new strategy (consolidation of production sites, sale of participations and real estate, 45% reduction of turnover resulting in sustainable improvement of EBIT from CHF -7 million to +4 million)
Manufacturing company in the paper sector
(CHF 80 million turnover; > 300 employees)- Concluded a standstill agreement with banks financing loan
- Elaborated restructuring concept with concrete measures (strategic reorientation, closure of subsidiaries, revision of product range, consolidation of production sites, balance sheet restructuring and assured generation of profits through real estate holdings
- Achieved improvement of net profits of over CHF 13 million
- Identified and realised liquidity and capital optimisation potential; established financial plan
International paper and packaging group
(CHF 400 million turnover; > 1000 employees)- Concluded a standstill agreement with banks financing loan
- Identified options for improving profits
- Identified liquidity and capital optimisation potential; established financial plan
- Defined portfolio strategy
Specialised civil engineering company
(CHF 90 million turnover; 370 employees)- Analysed project losses and strategic positioning
- Established turnaround concept and action options
- Generated recommendations for the banks financing loan
Cellulose manufacturer, Switzerland
(CHF 170 million turnover; 440 employees)- Led project for sale of entire company and individual divisions
- Conducted negotiations for the dissolution of purchase and delivery contracts
- Led discussions concerning sale of assets
- Advised Board of Directors and senior management on various critical issues, and prepared decision-making process
- Managed and supported projects (future integration of divisions into company infrastructure, proposal for procedure to liquidate assets, proposal for future organisational structure, etc.)
Interim Management
Media and technology holding company
(12 group companies in Switzerland, Germany, Austria and Spain) (2009 / 2010)- Acted as Group CFO on consulting basis (F&R, HR, Legal), with power of attorney
- Managed the Finance and Administration team
- Reinforced financial management incl. reporting and management information system
- Formulated business, financial and liquidity plans
- Elaborated comprehensive restructuring concept and successfully negotiated with creditors
- Generated individual and consolidated year-end financial statements / prepared and supported audits
- Initiated, structured, negotiated and implemented capital increase of CHF 31.5 million (2010)
Transaction und Business Support (selection)
- Established valuations of various Swiss and foreign companies
- Carried out due diligence (sell and buy side) in Switzerland and abroad
- Elaborated strategies for growth by acquisition, established and implemented takeover concepts
- Elaborated business and financial plans
Miscellaneous Services (selection)
MBO support in facility management sector
(> 1,400 employees)- Established business and financial plan for spin-off of facility management business by a Swiss universal bank
- Set up optimal interfaces for the remaining organisation
- Analysed opportunities and risks for the bank, incl. impact on financial results
- Evaluated the spin-off sector
Fairness Opinions and Action Options for the Liquidator / Solicitor
- Evaluated various participations in bankruptcy and probate proceedings
- Elaborated action options and negotiation strategies for the liquidator / solicitor for the meeting of creditors
Post-merger integration of a Swiss kitchen fitter
(CHF 130 million turnover / > 500 employees)- Elaborated several alternatives for two kitchen fitters to adopt a joint strategy
- Modeled strategic alternatives in business and financial plan
- Identified and quantified implementation measures
- Prepared documentation for decision of senior management
Purchase of companies (selection)
- Purchase of a manufacturer of confectionery
- Purchase of a plastic packaging firm (Northern Ireland)
Sale of companies (selection)
- Sale of a Swiss kitchen fitter (turnover > CHF 100 million)
- Sale of a Swiss door and window manufacturer (turnover > CHF 100 million)
- Sale of a minority participation in a banking software company
- Sale of a facility management company (> 700 employees)
- Sale of a lift cabling company (turnover > CHF 30 million)
- Sale of cardboard packaging group with several subsidiaries (> 350 employees)
- Sale of a producer of electronic payment terminals (France, Denmark, Mexico, Switzerland) (turnover > CHF 100 million)
- Sale of a producer of banking ATMs
NB: In highlighting our experience, these references may also relate to previous employment relationships of our employees.