References

The following selected cases should offer some insight into the way we work. We are, of course, somewhat proud of having brought our clients in their relevant situations closer to their goal.

Financial Advisory

Financial advisory services to a footwear retailer

Footwear retailer
3.700 employees
Approx. € 400 million turnover

  • Footwear retailer
  • 3.700 employees, approx. € 400 million turnover

Initial situation

  • Injection of equity capital and financial restructuring required 

Action

  • Overseeing negotiations with the old banks
  • Comprehensive advice and representation of shareholders in the admission of a financial investor as a minority shareholder

Financial advisory services to a food industry company

1,200 employees
€ 140 million turnover

  • 1,200 employees, € 140 million turnover 

Initial situation

  • Acute liquidity problems 

Action

  • Complete financial restructuring on behalf of the shareholders
  • Negotiation of significant claims waivers of creditors
  • Installation of a restructuring reporting system

Interimsmanagement

CEO at a provider of production solutions for the photovoltaic industry

Provider of production solutions for the photovoltaic, semiconductor and microelectronics industry
490 employees
€ 300 million turnover

  • Provider of production solutions for the photovoltaic, semiconductor and microelectronics industry
  • 490 employees, € 300 million turnover 

Initial situation

  • Dramatic downturn in business
  • Lack of funding for new projects 

Action

  • Assumption of the CFO, then CEO posts
  • Insolvency proceedings with self-administration
  • Structuring of a debt-to-equity swap

CFO at a manufacturer of slewing rings

Manufacturer of slewing rings and ready-to-install slew drives
750 employees
€ 100 million turnover

  • Manufacturer of slewing rings and ready-to-install slew drives
  • 750 employees, € 100 million turnover 

Initial situation

  • Acute liquidity and performance problems 

Action

  • Assuming the post of CFO
  • Overseeing a structured investor recruitment process
  • Development and implementation of a comprehensive programme to improve earnings
  • Securing funding with a 3-year term

CFO at a trade in utility vehicle parts and repair shop supplies company

Trade in utility vehicle parts and repair shop supplies
1,500 employees
€ 420 million turnover

  • Trade in utility vehicle parts and repair shop supplies
  • 1,500 employees, € 420 million turnover 

Initial situation

  • New funding required following takeover by private equity investors
  • Commercial structures and instruments requiring adaptation 

Action

  • Assuming the position of CFO
  • Introduction of new planning and reporting instruments
  • Structuring, negotiation and implementation of new funding
Creation and implementation of a comprehensive cost reduction programme

CRO at an utility vehicle manufacture

Utility vehicle manufacture
2,500 employees
€ 700 million turnover

  • Utility vehicle manufacture
  • 2,500 employees, € 700 million turnover 

Initial situation

  • Acute liquidity problems, 80% loss of turnover during the global financial crisis
  • Breach of covenant
  • Negotiations with banks deadlocked for almost a year
  • Imminent insolvency 

Action

  • Assuming the position of CRO
  • Securing funding of € 320 million with a 5-year term, suspension of repayments, suspension and adjustment of covenants
  • Overseeing the implementation of operational reorganization

Transferred reconstruction of an automotive supplier

Automotive supplier
2,000 employees
Approx. € 340 million turnover

  • Automotive supplier
  • 2,000 employees, approx. € 340 million turnover 

Initial situation

  • Insolvency application as a result of a drastic drop in turnover following the global financial crisis 

Action

  • Operative management of the company during insolvency
  • Sale of all ten plants to seven different investors
  • Negotiation of the trade agreement for each new owner

Restructuring report

Restructuring report for a Company from the consumer goods sector

2,800 employees
€ 850 million turnover

  • 2,800 employees, € 850 million turnover 

Initial situation

  • Drop in earnings following drastic increase in the price of raw materials
  • Problems with unprofitable subsidiaries 

Action

  • Preparation of a comprehensive restructuring report as a basis for a financial plan including the participating banks

Restructuring report for a Company from the construction sector

70 employees
€ 20 million turnover

  • 70 employees, € 20 million turnover 

Initial situation

  • Problems with earnings and liquidity 

Action

  • Preparation of a comprehensive restructuring report
  • Overseeing implementation
  • Demerger of entire group

What others have said

“Without Dr Kleinschmitt, his good understanding of people, his patience and, at the same time, tenacity coupled with his great legal knowledge and expertise, we would never have come to this happy ending. I owe him a great debt of gratitude.” Ludwig Görtz, entrepreneur
Ludwig Görtz GmbH


“Dr Kleinschmitt helped me and my company safely through several difficult times. He provided me with excellent advice and assistance that I will never forget.” Ulrich Otto Sauer, entrepreneur. Otto Sauer Achsenfabrik GmbH & Co. KG


“Noerr, on top of everything else, has a consulting subsidiary with a strong team highly renowned for its work in reorganization and restructuring.” Juve 2012/13


“The breadth of business is borne out by the outstanding reputation of
Dr Martin Kleinschmitt, interim manager of Noerr Consulting, who clients rate as “very good” and “a balanced negotiator”” Juve 2011/12