Time pressure, liquidity constraints and a broader stakeholder landscape reshape the dynamics of distressed transactions. enomyc leads investor processes in pre-insolvency situations and formal insolvency proceedings, aligning commercial rationale with transaction feasibility.
Distressed M&A comes into play when declining earnings, liquidity constraints, refinancing needs, or strategic time pressure limit a company’s room for maneuver. A transaction can provide access to additional financing, support operational stabilization, facilitate a change in ownership, or transition a company or individual business units into a sustainable ownership structure.
enomyc structures sale and investor processes around the company’s specific financial and operational situation – from accelerated transactions in performance and financing crises to investor processes in insolvency proceedings. The objective is a solution that is economically viable, financeable, and executable within the available timeframe.
The process begins by determining which solution is realistically achievable given the financial situation and available timeframe. A full or partial sale, investor participation, financing solution, and going-concern scenario are assessed based on their economic impact and feasibility.
In special situations, information is often not available with the same level of detail and consistency as in a sale process prepared over an extended period. The key is to clearly distinguish between reliable data, preliminary assessments, and outstanding issues. enomyc aligns the scope and depth of information with the respective process stage and its relevance to decision-making.
Strategic fit and acquisition interest are the starting point. Proof of funding, internal decision-making processes, transaction conditions, approval requirements, and timing determine whether a transaction can be executed within the available timeframe. These criteria are incorporated into investor qualification at an early stage.
The quality of an offer is determined by the purchase price, payment and financing terms, transaction scope, going-concern prospects, execution risks, and timeline. enomyc brings these factors together into a consistent basis for decision-making. Their relative weighting reflects the specific situation, the mandate, and the requirements of the relevant stakeholders.
Mergers & Acquisitions
Succession, more expensive capital and more selective valuations are increasing the number of complex ownership situations in Germany's industrial Mittelstand. The advantage goes to those who select targets early, finance them through the downside, and create value after closing.
Mergers & Acquisitions
Especially in economically challenging times, M&A transactions offer a powerful opportunity for companies to drive strategic development. Whether a deal ultimately succeeds depends on a wide range of factors – and one of the most decisive is thorough preparation. In this best practices series, our M&A specialists Dr. Tim Bauer and Janina Buchholz explore the key prerequisites for a successful transaction.
Real Estate
The real estate sector is currently experiencing one of the most severe crises in its history. The number of building permits has dropped by a quarter, and transaction volumes have plummeted by more than 70 percent. Few expect a genuine recovery in the short term. What can companies do now to escape the downward spiral of the industry? Christian Kuhs, founder and Business Development at Nordantech, discussed this with enomyc founder and Managing Partner Uwe Köstens, and enomyc partner and real estate expert Matias Otto, in the #SHIFTHAPPENS Podcast by Nordantech. Here are some key excerpts from the conversation.
Mergers & Acquisitions
A company’s realizable value is determined long before negotiations begin. Owners who can demonstrate the quality of earnings, cash conversion, growth potential, and risk profile early on lay the foundation for a robust valuation, an attractive pool of buyers, and a controlled sales process. Those who have to wait until they approach the market to make a case for the company’s value find themselves on the defensive during negotiations.
Financial Advisory
Loan-to-own transactions are increasingly discussed in restructurings. Alexander Neumann explains their role in the German market, who benefits and what to watch out for.
enomyc verbindet die Führung komplexer Investorenprozesse mit Restrukturierungserfahrung, operativem Verständnis und einem belastbaren Netzwerk aus Investoren, Finanzierungspartnern, Insolvenzverwaltern und spezialisierten Beratern.
Je nach Mandat wird Expertise aus Transformation & Restructuring , Financial Advisory , Debt Advisory , Operations und Real Estate gezielt eingebunden. Dadurch lassen sich Finanzierung, operative Voraussetzungen, Vermögenswerte und Transaktionsstruktur in einem konsistenten wirtschaftlichen Bild zusammenführen.
