Interim CFO during restructuring process at traditional company
KOLARZ has been a traditional Viennese skilled crafts company for over 100 years and has customers in more than 50 countries. Due to the political and economic situation in Russia and Ukraine since 2014, which were among its core markets, KOLARZ had to file for insolvency in 2016 due to a dramatic drop in sales.
Our services
- Preparation and implementation of a reorganization concept, along with initiation of measures for the financial turnaround of the company
- Active search for investors for a 50% stake in a subsidiary company
- Management of the M&A process (divestments)
- Interface function with insolvency administration and negotiations with suppliers and customers
Results
- Creditors' approval of the reorganization plan
- Successful termination of insolvency proceedings within 4 months
- Restructuring of the group of companies
- Sale of a stake in the company to an investor during ongoing insolvency proceedings
- Sale of a non-operating property in Eastern Europe to secure the cash quota in the insolvency proceedings
KOLARZ GmbH
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“Mr. Kaiser accompanied us in a very difficult corporate phase as interim CFO. Within a few months he sold a corporate shareholding to an investor and a property in Eastern Europe in a difficult environment. Without his extensive transaction experience and large network, this would not have been possible in such a short time.”
Mag. Martin Wögerbauer
Managing Director KOLARZ GmbH
