Excellent project work: goetzpartners honored at “Best of Consulting”
Third consecutive award of consulting prize from WirtschaftsWoche
Munich, 16/11/2016 – The German business weekly “WirtschaftsWoche” has once again designated goetzpartners as one of the best consulting firms in Germany. At the “Best of Consulting” awards ceremony, goetzpartners was honored for excellent project work in the restructuring category. The specialists for strategy, M&A and transformation received the award for the restructuring of Orga Systems, which had been in the red for years and was forced to file for bankruptcy. goetzpartners combined its experience in management consulting and corporate finance to recruit investors and conduct a restructuring with transfer of ownership within only six weeks. As a result, Orga Systems was rescued as a business along with 90 percent of its jobs, and a high rate of claim resolution was achieved.
For the third consecutive year, goetzpartners is among the consultancies honored with the “Best of Consulting” award. “We’re pleased to be recognized for this rather unusual restructuring case,” said Dr. Thomas Sittel, partner at goetzpartners. “The case shows that a restructuring with transfer of ownership, if performed correctly, can be better than its reputation. Many reorganizations fail because the question of the right partner is posed too rarely and usually much too late. With our integrated team of consultants, in a very short time we were able to secure the viability of Orga Systems and save the jobs of its staff.” len.“
The initial situation for Orga Systems was a difficult one; the software company had burned through nearly 30 million euros within only two years due to eroding sales and margins. Since it had filed for insolvency, only six to eight weeks were available for the M&A process. In addition, the number of potential bidders for the company was limited, and the business model and business plan needed to be redrafted to make Orga Systems attractive to investors. goetzpartners saw to it that no time was lost in preparing the documentation and quickly focused the investment process on the most promising candidates. Contributing factors for the success included integrated advice from the strategy and corporate finance experts at goetzpartners. The result speaks for itself: The transaction was signed only six weeks after the project was launched, with goetzpartners achieving outstanding results for all stakeholders.
Best in class
“WirtschaftsWoche” has been honoring outstanding consultancies with the “Best of Consulting” award every year since 2010. It has developed a comprehensive process in which a jury and a scientific advisory committee evaluate the brand strength, value added, and project success of the consultancies. The “Best of Consulting” awards ceremony for 2016 took place on October 15 in Düsseldorf.
About goetzpartners: Advisory for Strategy, M&A and Transformation
goetzpartners is an independent advisory firm for all key issues of entrepreneurial activity: Strategy, M&A, Transformation. With more than 300 professionals operating out of 14 offices in 11 countries, we advise clients worldwide in all key industries.
The company ranks among the 10 best-performing German advisory firms (Lünendonk®). goetzpartners has received awards three years in a row as part of the “Best of Consulting” contest by the renowned German magazine “WirtschaftsWoche”, most recently in the “Project Excellence” category (2016).
Ines Bieger, goetzpartners
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