Case Study
Restructuring
IDW S 6 Turnaround Restructuring
Principal
Lenders and Shareholders
Type
Distressed Investment
Industry
Steel and iron foundries
Turnover
EUR 250mln
Tasks
CRO, PMO / CFO ad interim Implementation IDW S 6 Restructuring plan & M&A EBITDA and Cash improvement
Duration
2 Years
Synopsis:
Stabilisation and restructuring of the group until the turnaround
- Group functions as CRO and PMO to restructure the group under IDW S 6
- CFO ad interim to implement new reporting system and corporate governance
- Cromprehensive 16m€ transformation program with 19 initiatives across eight subsidiaries in Germany, Poland, and Hungary
- M&A to acquire new shareholders for debt restructuring and turnaround
- Stablilisation of the group during COVID and rising commodity prices
- Leading operational and strategic turnaround of operating companies through revision and
- Substantial improvement in EBITDA (Margin expansion and volume) and cash flow
Silvio Stockmann