Losberger de Boer successful restructuring
Silvio Stockmann completes his assignment as CRO of the Gruppe by Juli 2021
The German-Dutch supplier of large tents and modular space from Bad Rappenau in Baden-Württemberg, which was threatened with insolvency at times, has been successfully restructured.
Silvio Stockmann, who led the company as CRO in its operational turnaround with the management of the group from 2018 to 2021, implemented a €40M and 13 initiative turnaround program led by the lender consortia.
In 2019, the company after a long struggle received fresh funds in the amount of 70 million euros, which gave the medium-sized company a breathing space: the operating business was debt-free, part of the excessive liabilities for this were shifted to a holding company.
With the progress of restructuring growth of the group leading to a performance improvement and EBITDA expansion, the banks waived the requirement of a lender appointed CRO. In July 2021, Mr. Stockmann completed his assignment as CRO of the company.
Silvio Stockmann
Partner, Strongfiled Management
CRO ad Interim der Losberger de Boer from August.2018 to Juli 2021
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