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Restructuring and Refinancing after a complex change of ownership

190104

Company for sustainable products catering to children’s needs​

Avoidance of insolvency by identifying refinancing alternatives after a complex ownership change through revitalization of the core business and development of a plan for key initiatives.

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Company details​

  • Over €450m revenue, specializes in sustainable products catering to children’s needs​
  • Operates on four continents: USA, ANZ (Australia and New Zealand), China, and EMEA (Europe, Middle East, and Africa)​
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Situation and Challenge

  • Undertaking restructuring and refinancing efforts​
  • Implementing changes to the ownership structure​
  • Employing the Article 9-Transaction model​
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Objective and Tasks

  • Ensuring insolvency is avoided through strategic measures​
  • Seeking alternative refinancing options​
  • Developing a sustainable transaction model​
  • Revitalizing the international core business​
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Measures and Procedures

  • Ensuring liquidity is secured through strategic measures​
  • Actively seeking new potential owners​
  • Developing a plan for key initiatives to drive business growth and significantly cut costs​
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Results and Achievements

  • Achieved EBITDA of +€6.5m​
  • Successfully reduced costs by €3m​
  • Completed ownership transfer in compliance with Article 9​
  • Achieved positive business development despite challenging refinancing circumstances​

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