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Corporate Restructuring

Finance in Times of Crisis

  • Book
  • © 2006

Overview

Editors:
  1. Michael Blatz

    1. Roland Berger, Strategy Consultants GmbH, Berlin, Germany

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    You can also search for this editor in PubMed   Google Scholar

  2. Karl-J. Kraus

    1. Roland Berger, Strategy Consultants GmbH, Berlin, Germany

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    You can also search for this editor in PubMed   Google Scholar

  3. Sascha Haghani

    1. Roland Berger, Strategy Consultants GmbH, Düsseldorf, Germany

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    You can also search for this editor in PubMed   Google Scholar

  • Current overview and discussion about the meaning of the financing of the companies

  • Case studies show how financial restructuring can be implemented in practice

  • Includes supplementary material: sn.pub/extras

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Table of contents (13 chapters)

  1. Front Matter

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

    1. Front Matter

      Pages 1-1
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    2. Innovative Crisis Management Concepts — An Up-to-Date Status Evaluation

      • Michael Blatz, Sascha Haghani
      Pages 3-22

    3. Corporate Restructuring in Germany — The Economy Remains Tense, but Restructuring Offers Definite Opportunities

      • Bernd Brunke, Stephan Foerschle, Sascha Haghani, Florian Huber, Nils von Kuhlwein, Björn Waldow
      Pages 23-35

    4. Recapitalization — New Corporate Financing Options

      • Sascha Haghani, Maik Piehler
      Pages 37-42

    5. From Crisis to Value Increase: How Companies Can Attain High Profits During a Restructuring Phase

      • Karsten Lafrenz
      Pages 43-53

    6. The Financial Restructuring of Medium-Sized Companies

      • Robert Simon
      Pages 55-63

    7. Changes in Due Diligence Requirements

      • 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
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    2. German-European Restructuring Survey 2004/05 — Results and Recommended Courses of Action

      • Max Falckenberg, Ivo-Kai Kuhnt
      Pages 77-87

    3. Distressed Debt in Germany from the Banks’ Point of View

      • Nils von Kuhlwein, Michael Richthammer
      Pages 89-104

  4. Practical Financial Restructuring Examples — Case Studies

    1. Front Matter

      Pages 105-105
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    2. Financial Restructuring of a Pharmaceutical Company

      • Karl-J. Kraus, Ralf Moldenhauer
      Pages 107-116

    3. Reorganization and Capital Market — Growth Financing Shores Up the Restructuring Process

      • Sascha Haghani, Maik Piehler
      Pages 117-131

    4. Restructuring and Recapitalization of the HD Co. Group

      • Michael Blatz, Christian Paul, Julian zu Putlitz
      Pages 133-145

    5. Return to Growth — The Wind AG Restructuring and Recapitalization Process

      • Uwe Johnen, Jürgen Schäfer
      Pages 147-156

    6. The Utilization of Divestments in KML’s Group Restructuring Process

      • Gerd Sievers
      Pages 157-173

  5. Back Matter

    Pages 175-180
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Keywords

About this book

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.

Editors and Affiliations

  • Roland Berger, Strategy Consultants GmbH, Berlin, Germany

    Michael Blatz, Karl-J. Kraus

  • Roland Berger, Strategy Consultants GmbH, Düsseldorf, Germany

    Sascha Haghani

Bibliographic Information

  • Book Title: Corporate Restructuring

  • Book Subtitle: Finance in Times of Crisis

  • Editors: Michael Blatz, Karl-J. Kraus, Sascha Haghani

  • DOI: https://doi.org/10.1007/3-540-33075-5

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2006

  • Hardcover ISBN: 978-3-540-33074-5Published: 20 March 2006

  • Softcover ISBN: 978-3-642-06961-1Published: 14 October 2010

  • eBook ISBN: 978-3-540-33075-2Published: 28 May 2006

  • Edition Number: 1

  • Number of Pages: XII, 180

  • Topics: Finance, general, Management

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