Sooner or later, every entrepreneur must deal in depth with the topic of succession. For successful succession planning, the timing must be right and there should be consistency in monetary concept and cultural values as well as the strategic orientation of the company.

Early planning ensures the success of a project. Starting from the decision to looking for a succession solution, it could take years until the implementation of succession procedure. The task is complex, the company and the successor will be confronted with multi-dimension questions.

The processes for implementing the succession plan must be planned and coordinated:

Initialization

• Starting the topic of succession planning
• First thoughts exchange with people involved
• First thoughts on time frame
• Strengthen the knowhows within Board of Directors

Choice of consultant

• Analyse situation and options
• Analyse business and risks
• Analyse business needs
• Analyse family circumstances
• Elaboration of succession scenarios
• Decide on the merits of the case (intra-family or family-external)
• Frist value consideration

Preparation

• Structuring succession process
• Decide operation procedure
• Intra-family: successor selection and structure
• Family-external: implement measures to preparing the company for sale

Implementation

• Implement the planned steps
• Intra-family: handover business management to successor, ensure financial security and transfer ownership
• Family-external: start the process of selling the business

 

We accompany entrepreneurs personally in the process of succession planning. We draw our competence from a series of successfully implemented succession arrangements, in which we contributed to the success of our clients with our knowledge and experience.

Our competencies

• Analysis of succession options (family succession, management buy-out, sale to third parties)
• Clarification of the situation of the entrepreneur in terms of property, inheritance and pension law
• Introduction of potential suitable prospective buyers
• Financial and tax due diligence
• Company valuations (DCF, EVA, Multiple, Praktiker-method)
• Analysis and optimization of tax consequences
• Advice on possible financing options
• Preparation of purchase and shareholder agreements
• Following up after successful company transfer
• Act as liquidator at the clients’ wish and execute clients’ will