Selection Criteria

Investments in special situations - especially in turnarounds - are complex processes and can be made based on detailed analysis only.

In detail - as in classical buyouts - first of all an analysis of the company is made based on business model, balance, profit and loss statement and working capital with a focus on cash flows. In the following extensive due diligence the ordinary spectrum becomes extended by an additional main focus related to specific aspects of turnaround investments.

Objective of the analysis of turnaround investments is to (still) find value in a crisis situation which can become realized by a specialized turnaround investor only. In addition an exploration of the existing structures will be made in order to define a flexible transaction structure which can provide an optimum of value realisation and a reduction of the risks of the investors at the same time.

The concluding investment decision finally is a trade off between earning potential and entrepreneurial risk compared to alternative investment opportunities.

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