Jürgen Zapf

What are the key objectives being pursued by decision-makers in German corporates and private equity firms in their deal considerations and what challenges will they face in 2025? Get valuable insights in our 2025 M&A Outlook. https://lnkd.in/eF5tAhcj

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From 2023 onwards, private equity funds with at least two German tax-resident investors must file an annual partnership tax return in Germany. Proper fund structuring and tax treatment verification are crucial to compliance, with key steps including analysing fund structures and verifying distributions for tax neutrality. Our Alvarez & Marsal #Tax Germany team provides clients with extensive experience and ensures seamless preparation and submission of tax returns.   Reach out to us: https://bit.ly/3FGripy Clemens Petersen Axel Ortjohann Lukas Reischmann #TaxCompliance #PrivateEquityFunds #GermanTaxLaw

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Great news – The results of the latest fourth round of the EY Restructuring Pulse Survey are now available. The survey provides a wealth of insights into the Central, Eastern and Southeastern Europe and Austria restructuring market. Some of the findings include: - Most of the respondents experienced increased restructuring activity in the second half of 2024. - Restructuring activity is expected to further accelerate in the first half of 2024 with the largest number of workout cases forecasted in the second half of 2024. - Construction, agriculture, and real estate are expected to face the most pressures and restructurings. Full article here: https://lnkd.in/dBxe3tPH #StrategyRealized #EYParthenon

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I’d like to introduce you to BCG’s M&A Sentiment Index. This first-of-its-kind index gives you a reliable and quantified look at the M&A market's future over approximately the next six months – the ideal tool for corporations, private equity firms, and investment banks looking to see where the market is heading. By leveraging 15 M&A drivers and AI to analyze executive and investor sentiment, the index offers invaluable insights into market dynamics. Here’s one - the current index value of 78 is below the ten-year average of 100. However, the good news is that the M&A market has already recovered significantly from the low point of 62 in August 2023. Find out more about the current market sentiment on M&A here: https://lnkd.in/gcy8jymc

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Our latest thinking on SG&A costs optimization for EPC players.

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In addition to #EPC revenue streams and project backlog, the ability to manage sales and general costs is becoming even more crucial in this market scenario. Our Roland Berger STEP Change expertise unlocks consistent profitability and frees up resources for further growth. Please read Sven Siepen's post below. We are keen to discuss it further. Leonardo Bonetti, Peter Odenwälder, Stefan Krieger, Slava Chak, Tim Longstaff, Gareth Hayes

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I’d like to introduce you to BCG’s M&A Sentiment Index. This first-of-its-kind index gives you a reliable and quantified look at the M&A market's future over approximately the next six months – the ideal tool for corporations, private equity firms, and investment banks looking to see where the market is heading. By leveraging 15 M&A drivers and AI to analyze executive and investor sentiment, the index offers invaluable insights into market dynamics. Here’s one - the current index value of 78 is below the ten-year average of 100. However, the good news is that the M&A market has already recovered significantly from the low point of 62 in August 2023. Find out more about the current market sentiment on M&A here: https://lnkd.in/eBvpexE5

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I’d like to introduce you to BCG’s M&A Sentiment Index. This first-of-its-kind index gives you a reliable and quantified look at the M&A market's future over approximately the next six months – the ideal tool for corporations, private equity firms, and investment banks looking to see where the market is heading. By leveraging 15 M&A drivers and AI to analyze executive and investor sentiment, the index offers invaluable insights into market dynamics. Here’s one - the current index value of 78 is below the ten-year average of 100. However, the good news is that the M&A market has already recovered significantly from the low point of 62 in August 2023. Find out more about the current market sentiment on M&A here: https://lnkd.in/ed5i_UKC

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I’d like to introduce you to BCG’s M&A Sentiment Index. This first-of-its-kind index gives you a reliable and quantified look at the M&A market's future over approximately the next six months – the ideal tool for corporations, private equity firms, and investment banks looking to see where the market is heading. By leveraging 15 M&A drivers and AI to analyze executive and investor sentiment, the index offers invaluable insights into market dynamics. Here’s one - the current index value of 78 is below the ten-year average of 100. However, the good news is that the M&A market has already recovered significantly from the low point of 62 in August 2023. Find out more about the current market sentiment on M&A here: https://lnkd.in/ed5i_UKC

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The M&A market has been active in 2024, but the slow pace of its rebound from last year’s trough has surprised many observers. The global value of M&A activity in the first half of 2024 was $1.0 trillion—a small improvement from a year earlier, but still falling short of the ten-year average of $1.5 billion. What’s next for the M&A market? BCG’s newly launched M&A Sentiment Index offers an answer. The index provides a monthly update on dealmakers' willingness to engage in mergers, acquisitions, and divestitures over roughly the next six months. This first-of-its-kind index has interactive features that allow dealmakers to view sentiment globally and across individual regions and sectors.

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🌍 Ready to see how cutting-edge technology is reshaping private equity? Join us as we explore how GenAI is driving smarter, faster, and more impactful decisions across the PE landscape. In our latest PE webcast, experts Patrick Devine, Thomas Pflegel and Dr. Pascal du Bosque will share actionable insights on the transformative role of GenAI in PE. From fund-level strategy to portfolio impact. What We’ll Cover:  ✨ 𝗚𝗲𝗻𝗔𝗜 𝗶𝗻 𝗔𝗰𝘁𝗶𝗼𝗻 – How GenAI is enhancing decision-making for funds, deals, and portfolio companies.  ✨ 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗶𝗻𝗴 𝗔𝗜 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 – How to identify and scale AI use cases that maximize portfolio value.  ✨ 𝗣𝗿𝗼𝗼𝗳-𝗼𝗳-𝗖𝗼𝗻𝗰𝗲𝗽𝘁𝘀 𝘁𝗵𝗮𝘁 𝗪𝗼𝗿𝗸 – Real-world GenAI solutions driving success in specific industries and segments. If you’re looking to stay competitive in an evolving market, this is an opportunity not to miss. 📅 Date: 21 November 2024  ⏰ Time: 10-11am CET  📍 Register here: https://lnkd.in/ept4DsYw #PrivateEquity #GenAI #DueDiligence #ValueCreation #Innovation #TransactToTransform #StrategicInsights #FutureofPE

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How can private equity enhance profitability for underperforming portfolios after inflation? Our Business Transformation experts explore the issue of stagnating profit margins and outline recommendations for transformational cost reduction. Learn more about how we serve private equity firms and their portfolio companies: https://lnkd.in/en2DQ3fr #BusinessTransformation #PrivateEquity

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The Importance of Strategic Alignment in M&A Transactions: A Case for Early Executive Engagement By Thomas Kessler   Managing Partner at Integration Success GmbH and Atlantic M&A Partners | Pioneer in AI and M&A Integrations | #MergersAndAcquisitions #StrategicAlignment #ExecutiveEngagement In the fascinating world of mergers and acquisitions (M&A), the value of early and effective executive alignment is often underestimated. That is why I am proponent of proactively aligning the leadership teams down to departmental management of the acquiring company and the target before publicly announcing a takeover. This is crucial for establishing direction and laying the groundwork for later success. 💡 Well-planned alignment enables the development of shared visions and objectives that go beyond financial synergies and facilitate cultural integration. This is particularly important, to guarantee the success rate of M&A. Because clarity about strategic direction and what behaviour is expected are the foundation for M&A success. 🤝 Prior to the actual deal, both sides should consider not only the financial and strategic aspects of the transaction but also develop a robust plan for post-merger integration. Early alignment fosters an atmosphere of trust and openness, essential for overcoming integration obstacles. The challenge lies in getting both leadership teams to prioritize joint sessions and engage in open dialogues before the market learns of the acquisition. These sessions should aim to formulate a clear and actionable integration plan that supports both the short-term and long-term goals of the new corporate entity. The question I pose to my network: How do you view the role of executive alignment in ensuring the success of M&A activities? What strategies have proven effective in your experience to ensure seamless integration? #Leadership #BusinessStrategy #Innovation

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At Roland Berger's Capital Goods client team, we are intensively supporting #EPC companies - since more than 20 years already. In our projects we often see that #SG&A costs are overlooked. While the primary focus is on optimizing project-specific outcomes, the steady increase in (often non-reimbursable!) #SG&A costs suggests a significant opportunity to improve overall profitability. Our experience shows that addressing SG&A systematically can unlock significant profitability. Roland Berger’s proprietary STEP Change approach has consistently delivered measurable results, both within the EPC sector and beyond, by focusing on sustainable profitability gains.   Please find some more details attached and get in touch with the team when you are interested to discuss how STEP Change can enhance profitability at your company while achieving your strategic goals. Peter Odenwälder Stefan Krieger Leonardo Bonetti Francesco Campagna Slava Chak Tim Longstaff Houda O. Gareth Hayes Clement Audouin

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In the first episode of our working capital management series, my colleagues, Carl Punkenburg discusses the pressing need for optimizing working capital amid today's challenging economic conditions. With supply chain disruptions, rising interest rates, and growing debt, companies are facing increased pressure to manage cash flow and safeguard liquidity. Effective working capital management has become essential to sustaining procurement operations and ensuring financial stability. Discover how to navigate these turbulent times in the video below. 🔗 https://lnkd.in/dTXq7ccb #Procurement #WorkingCapital #SupplyChain

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Year end approaching: how did valuation parameters evolve in Q3? Check out our latest publication: #valuation

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