• Canada
    • Global
    • Australia
    • Canada
    • China
    • France
    • Germany
    • Japan
    • Netherlands
    • Saudi Arabia
    • Spain
    • United Arab Emirates
    • United Kingdom
  • English
    • English
    • French
  • Contact
FTI Consulting Logo
FTI Consulting
  • Services
    • Blockchain & Digital Assets
    • Business Transformation
    • Competition & Antitrust
    • Cybersecurity
    • Dispute Advisory & International Arbitration
    • E-Discovery & Managed Review
    • Policy & Regulation
    • Risk & Compliance
    • Strategy by FTI Delta
    • Transactions
    • Turnaround & Restructuring
    • Valuation & Damages
  • Industries
    • Agriculture
    • Airlines & Aviation
    • Automotive & Industrial
    • Construction, Projects & Assets
    • Energy & Utilities
    • Financial Services
    • Healthcare & Life Sciences
    • Mining
    • Private Equity
    • Real Estate
    • Retail & Consumer Products
    • Telecom, Media & Technology
  • Digital
  • Insights
  • Experts
  • Careers
  • Locations
  • English
    • English
    • French
  • Canada
    • Global
    • Australia
    • Canada
    • China
    • France
    • Germany
    • Japan
    • Netherlands
    • Saudi Arabia
    • Spain
    • United Arab Emirates
    • United Kingdom
  • Contact
  • Home
  • / Insights
  • / Case Studies
  • / Comprehensive Solutions for an Automotive Supplier

Strategic & Operational Strength: Comprehensive Solutions for an Automotive Supplier

  • October 25, 2023

  • Share

Lacking financial transparency and sound operational processes, an automotive supplier engaged FTI-Andersch to identify the root causes behind the challenges it faced and enact comprehensive solutions.

Our Impact

As a result of FTI-Andersch’s expert restructuring opinion, the supplier received EUR50 million in fresh capital from lenders during the lockdown and its aftermath, helping to continue its operations.

  • FTI-Andersch’s work supported the case for more robust resourcing of the company’s finance department.
  • The team provided process stability and financial transparency, helping the company’s shareholders start exiting their investment. The engagement is still ongoing, with FTI-Andersch providing support in various areas including management of cash and working capital.

Situation

Germany’s first national pandemic lockdown hit a Tier 1 automotive supplier hard. Many original equipment manufacturers who had maintained optimistic forecasts were forced to cancel their call-off contracts at the last minute, rendering business operations uncertain and effects on liquidity difficult to predict. Deficits in financial controls exacerbated these issues. To avoid a liquidity shortage, the supplier’s shareholders and lenders agreed to a debt equity swap and bridge financing, with the precondition that the supplier would secure a restructuring opinion. In May 2020, the client engaged FTI-Andersch, the consulting unit of FTI Consulting in Germany that specialises in restructuring, business transformation and transactions, for expert assistance following prior positive experiences with the firm.

Our Role

  • FTI-Andersch prepared a restructuring opinion to facilitate the provision of fresh capital and retain relevant trade credit insurers.

  • The team advised the CFO on strategic and operational improvements as well as relevant corporate functions by: 1) offering support on transparency for foreign production sites, 2) helping develop integrated financial controlling tools and processes and 3) managing liquidity and working capital.

  • FTI-Andersch supported efforts around communications and reporting to investment funds with a stake in the company.

Published

October 25, 2023

temp Key Contacts

Ralf Winzer

Senior Managing Director

Julia Klose

Managing Director

Related Case Studies

  • €245M Saved in Detection of Major Healthcare Scam Read Case Study
  • Impacts Revealed: Scrutinization of Suppliers to a Construction Tool Manufacturer Read Case Study
  • IP Protected: Digital Forensics Provide Critical Insights in Private Equity Read Case Study
  • Driving E.ON’s Acquisition of Innogy Assets from RWE in Germany’s Largest Energy Transaction Read Success Story
  • Helping a German Fashion Company Emerge from a Restructuring on a Stronger Footing Read Success Story

experts-with-impact
  • Services
  • Industries
  • Insights box-arrow
  • Our Experts
  • Locations box-arrow
  • Careers box-arrow
  • About FTI box-arrow
  • News box-arrow
  • Investor Relations box-arrow

© 2025 FTI Consulting, Inc., including its subsidiaries and affiliates, is a consulting firm and is not a certified public accounting firm or a law firm. All Rights Reserved.

Stay Connected
icon-linkedin-footer icon-twitter-footer icon-facebook-footer fti consulting youtube fti consulting instagram
  • Legal
  • Privacy
  • Cookie Policy
  • Sitemap