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Eight Advisory expands restructuring practice with Johannes Steinel

Photo: Johan­nes Stei­nel, new part­ner at Eight Advi­sory in Frank­furt a. Main
28. Septem­ber 2021

Frank­furt — With a new part­ner, the Euro­pean tran­sac­tion and trans­for­ma­tion advi­sory firm Eight Advi­sory on further growth and the expan­sion of stra­te­gi­cally important busi­ness areas in the German-spea­­king region: As of Septem­ber 2021, Johan­nes Stei­nel has joined Eight Advi­sory in the rest­ruc­tu­ring prac­tice — the proven expert for turnaround situa­tions and rest­ruc­tu­rings is to streng­t­hen the area with his know-how and further inten­sify the busi­ness from the Frank­furt and Zurich offices.

Johan­nes Stei­nel had most recently worked as a part­ner at EY and previously PwC. Based on his 25-year career, he also has exten­sive expe­ri­ence in the areas of finan­cial and opera­tio­nal rest­ruc­tu­ring, liqui­dity manage­ment and private equity in various roles, inclu­ding at the consul­ting firms Alix­Part­ners and KPMG, the private equity firm Capvis and Deut­sche Bank. The 50-year-old focu­ses on holistic and sustainable value crea­tion and turnaround solu­ti­ons in special situa­tions for his manda­tes, which are mostly in the corpo­rate and PE envi­ron­ment. He also regu­larly takes on inte­rim mana­ger or CRO roles. Johan­nes Stei­nel gradua­ted with honors in econo­mics from LMU Munich and is a guest lectu­rer at INSEAD.

“We are plea­sed to welcome Johan­nes Stei­nel, an expe­ri­en­ced expert in turnarounds and rest­ruc­tu­rings. Our goal is to estab­lish and expand a strong presence in these fields in the German-spea­­king markets, following our market-leading rest­ruc­tu­ring prac­tice in France,” explains Michael Wahl, Mana­ging Part­ner of Eight Advi­sory in Germany. This unders­cores the expan­sion ambi­ti­ons of the consul­ting firm, which is one of the fastest growing inde­pen­dent provi­ders on the Euro­pean market: Foun­ded in France in 2009 by former “Big Five” employees, Eight Advi­sory now employs a total of more than 500 people at eleven loca­ti­ons in six coun­tries. In the current ranking of the indus­try service Merger­mar­ket, Eight Advi­sory is ranked sixth in Europe in the Tran­sac­tion Services 2020 segment.

In the DACH region, Eight Advi­sory has been repre­sen­ted since 2018 with the opening of an office in Frank­furt am Main — Munich (2019), Zurich (2020) and Hamburg (2021) have since been added as addi­tio­nal loca­ti­ons. The client base and the team there are growing conti­nuously, so that the region is now the company’s second largest market after France.

After the nucleus, the compre­hen­sive support of entre­pre­neurs, mana­ging direc­tors, inves­tors and bankers in tran­sac­tion prepa­ra­tion and support, corre­spon­ding prac­tice groups were also estab­lis­hed for M&A Tax, Trans­for­ma­tion, Infra­st­ruc­ture and Project Finance and, most recently, Rest­ruc­tu­ring and Perfor­mance Impro­ve­ment. “We see strong demand for inde­pen­dent, flexi­ble consul­ting in these areas and conti­nue to streng­t­hen our team with expe­ri­en­ced talent at all levels of the hier­ar­chy,” Wahl said. The region now employs 38 consul­tants, inclu­ding six part­ners, who advise nume­rous well-known clients on complex issues — in the current year alone, this has invol­ved 50 tran­sac­tions and projects.

About Eight Advisory

Eight Advi­sory advi­ses entre­pre­neurs, CEOs, inves­tors and banks on tran­sac­tions, trans­for­ma­ti­ons, infra­st­ruc­ture projects and project finan­cing as well as rest­ruc­tu­ring and perfor­mance impro­ve­ment. Eight Advi­sory is a Euro­pean group with over 500 employees, inclu­ding 66 part­ners, and with offices in Germany, France, the UK, Belgium, Switz­er­land and the Nether­lands. As a foun­ding member of Eight Inter­na­tio­nal, the company can draw on a global network of more than 2,500 specia­lists in over 20 coun­tries in Europe, America, Asia and Ocea­nia. www.8advisory.com

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