M&A in Germany: Distressed Companies and German Insolvency Laws

M&A in Germany: Distressed Companies and Insolvency Laws

Phil Hertzog discusses the value proposition of investing in distressed companies in Germany, among other topics.

GlobalAutoIndustry.com has released its latest audio interview, “M&A in Germany: Distressed Companies and German Insolvency Laws,” featuring Phil Hertzog, managing director of Germany-based Restructuring Alliance GmbH. Find the episode here: https://globalautoindustry.com/ma-in-germany-distressed-companies-and-german-insolvency-laws/

Hertzog has a background of over 40 years as a manufacturing systems innovator and supplier to the automotive industry. His company, Restructuring Alliance, focuses on the acquisition and reorganization of distressed German and European automotive suppliers and other firms in manufacturing through consulting with buyers, joint ventures and acquisition participation through their Limited Partnership Investment Fund. He maintains a legal residence in Germany and the U.S.

In the 16-minute audio interview, Hertzog discusses the following:

  • You are offering your clients the opportunity of significant value creation through investment in distressed companies in Germany. Value creation and distressed companies are not usually associated with one another, so please explain how you are achieving that.
  • You are acquiring a company that you can configure yourself to your liking and buy it at a significant lowered purchase price, but is that company still functioning then since it is in distress?
  • All the measures you describe appear to be very effective in stabilizing a company in a distressed situation, but how does that lead to a sale of the company?
  • You have established that distressed companies in Germany remain operationally functioning, their assets can be acquired at discounts and that their employees can be re-hired. How does all of that constitute the opportunity for value creation?
  • Can you provide an example?

Click here to listen to the audio interview:

You May Also Like

Mexico Auto Sales & Production: Winners and Losers

Karig discusses the overall sales and production climate for the automotive industry in Mexico.

GlobalAutoIndustry.com’s latest Audio Interview "Mexico Auto Sales & Production: Winners and Losers" features Thomas Karig.

Karig is a speaker and independent consultant on automotive industry and foreign trade issues, as well as on Governance/ESG system implementation. He teaches Corporate Governance & Integrity at the IESDE School of Management in Puebla, Mexico. Previously, he worked for Volkswagen de Mexico in several management positions for 37 years, and most recently was the VP of Corporate Relations and Compliance Officer.

Marelli to Launch ProConnect at Beijing Intl. Auto Exhibition

ProConnect is a fully integrated cluster with infotainment and 5G telematics, targeted for the Chinese market.

Marelli Cockpit
Delphi Tapped for Global Hybrid Debut

Delphi will provide its high-performance 500bar GDI fuel system for Changan’s hybrid launch in Q2 2024.

XPENG Expands Into Hong Kong and Macau

A partnership with Sime Darby Motors will enable XPENG to bring its latest smart EVs to local consumers in the Hong Kong market.

Wallbox Appoints Luis Boada as Chief Financial Officer

Boada’s appointment is effective May 15.

Other Posts

Solero Technologies to Acquire Kendrion’s Automotive Business

The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.

Solero Technologies to Acquire Kendrion's Automotive Business
Dill Air Controls Acquires Exactra, Inc.

“The expertise and equipment from Exactra’s many years of experience in the industry are critical to our continued growth,” said Brian Rigney, Dill president.

Dill Air Controls Acquires Exactra Inc.
Marelli Exhibiting at Beijing International Automotive Show

Visitors can interact with Marelli’s software-defined interior with features that can be personalized by the vehicle owner.

Future of Automotive Innovation Showcased at TAIPEI AMPA Show

The event returns to the Taipei Nangang Exhibition Center Hall 1, April 17-20, 2024.