{"id":43960,"date":"2017-11-26T16:14:32","date_gmt":"2017-11-26T14:14:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/the-use-of-an-interim-manager-in-distressed-m-a\/"},"modified":"2017-11-26T16:14:32","modified_gmt":"2017-11-26T14:14:32","slug":"the-use-of-an-interim-manager-at-distressed-m-a","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/the-use-of-an-interim-manager-at-distressed-m-a\/","title":{"rendered":"The use of an interim manager in distressed M & A"},"content":{"rendered":"

Dr. Michael Bormann<\/strong> \u2014 bdp foun\u00adding part\u00adner bdp Ventu\u00adris Manage\u00adment Consul\u00adtants GmbH, Berlin\/Hamburg<\/p>\n","protected":false},"excerpt":{"rendered":"

Disstres\u00adsed M & A is all about good process struc\u00adtu\u00adring, secrecy and speed resul\u00adting from expe\u00adri\u00adence. An inte\u00adrim mana\u00adger can be a valuable support for the insol\u00advency administrator.<\/strong><\/p>\n

Since the market for busi\u00adness succes\u00adsion and company sales (M&A) has been in massive decline for the past two years, it has not been easy to sell a company even from a normal point of view. The sale of a true crisis company or a company coming out of insol\u00advency is gene\u00adrally even more diffi\u00adcult. Nevert\u00adhel\u00adess, with good prepa\u00adra\u00adtion, considera\u00adble success can be achie\u00adved in such sales (distres\u00adsed M&A) in a short time. Unlike normal M&A busi\u00adness, this is about: process struc\u00adtu\u00adring and speed. Confi\u00adden\u00adtia\u00adlity must be main\u00adtai\u00adned in any M&A process, but this aspect takes on a very special weight in distres\u00adsed M&A. If acted upon syste\u00adma\u00adti\u00adcally, quickly and prudently, inves\u00adtors can be found even out of insol\u00advency. This is where the inte\u00adrim mana\u00adger can play a key role.<\/p>\n

Inven\u00adtory<\/strong><\/p>\n

Before the actual M&A process, the first step is to secure the assets and conduct a gene\u00adral analy\u00adsis by the insol\u00advency admi\u00adnis\u00adtra\u00adtor as to whether the company in ques\u00adtion or its assets are suita\u00adble for sale in the short term. If such an oppor\u00adtu\u00adnity is deemed to be reali\u00adstic, the first step is to ensure the conti\u00adnua\u00adtion of the company as a going concern and thus to do ever\u00ady\u00adthing possi\u00adble to avoid brea\u00adking up the company. Values must be preser\u00adved and \u201cthe bride must be ador\u00adned\u201d so that the highest possi\u00adble purchase price can be achie\u00adved and the mass quota maximized.<\/p>\n

Successful company sales in this segment differ from flops in that it is first clari\u00adfied quite syste\u00adma\u00adti\u00adcally what is to be sold in the first place. Is it really the previous company? Or are only the assets sold as part of a so-called asset deal? It must then be exami\u00adned whether all assets are to be trans\u00adfer\u00adred or whether a part or partial opera\u00adtion is to be left behind and, if neces\u00adsary, can be offe\u00adred to other inves\u00adtors for purchase.<\/p>\n","protected":false},"featured_media":40996,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2506,2523],"product_tag":[1790,2050,2053,2058,2062],"class_list":{"0":"post-43960","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2011-en","8":"product_cat-dr-michael-bormann-en","9":"product_tag-michael-bormann-en","10":"product_tag-process-structuring","11":"product_tag-company-in-crisis","12":"product_tag-interim-manager","13":"product_tag-distressed-m-a-en","14":"pa_sprache-english-3","15":"pa_sprache-german","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"\nThe use of an interim manager in distressed M & A - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/the-use-of-an-interim-manager-at-distressed-m-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The use of an interim manager in distressed M & A - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Disstressed M & A is all about good process structuring, secrecy and speed resulting from experience. An interim manager can be a valuable support for the insolvency administrator. Since the market for business succession and company sales (M&A) has been in massive decline for the past two years, it has not been easy to sell a company even from a normal point of view. The sale of a true crisis company or a company coming out of insolvency is generally even more difficult. Nevertheless, with good preparation, considerable success can be achieved in such sales (distressed M&A) in a short time. Unlike normal M&A business, this is about: process structuring and speed. Confidentiality must be maintained in any M&A process, but this aspect takes on a very special weight in distressed M&A. If acted upon systematically, quickly and prudently, investors can be found even out of insolvency. This is where the interim manager can play a key role. Inventory Before the actual M&A process, the first step is to secure the assets and conduct a general analysis by the insolvency administrator as to whether the company in question or its assets are suitable for sale in the short term. If such an opportunity is deemed to be realistic, the first step is to ensure the continuation of the company as a going concern and thus to do everything possible to avoid breaking up the company. Values must be preserved and "the bride must be adorned" so that the highest possible purchase price can be achieved and the mass quota maximized. Successful company sales in this segment differ from flops in that it is first clarified quite systematically what is to be sold in the first place. Is it really the previous company? Or are only the assets sold as part of a so-called asset deal? 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