Coriant

$1bn – Telecommunications

Areas of operation:      

A US private equity owned global manufacturer of telecommunications equipment was suffering intense competition and losing market share. Losses were mounting particularly in Germany which was a major design and manufacturing centre. Also, at risk was a loss-making Finnish manufacturing business. A Portuguese software business was profitable but potentially over manned. BM&T assisted our US partners in evaluating options to downsize and close operations in Germany, and Finland both in and out of insolvency and downsize in Portugal as part of a worldwide restructuring plan. The owner used the information to exit its investment by selling its interest to a third party. 

Company Doctor's Diary

Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.