Forstinger Group

The Client:
Forstinger Österreich GmbH ("Forstinger") entered the car spare parts and accessories market more than 50 years ago and is Austria's biggest specialist car tyre dealer. Forstinger has 120 branches in Austria and 7 in Slovakia and in 2010 generated total revenues of EUR 135 million with approximately 850 employees.

The Project (Rent-a-CRO):
After the bankruptcy of the parent company FHS-Beteiligungsverwaltung in September 2009, Forstinger was taken over by BetterPlace BeteiligungsGmbH (now eMOBILEAustria GmbH & CoKG). In December 2009 EK Mittelstandsfinanzierungs AG acquired a 32% stake in the company. In October 2010 Management Factory took on a management function with the prime aim of ensuring the success of the financial restructuring programme and securing long-term financing for Forstinger. Since a financing package was put together in January 2011, the focus of activities has shifted to restructuring measures such as optimising the branch network and merchandise management.

Highlights:

  • Negotiation and conclusion of a long-term financing package 
  • Operational restructuring to improve the result 
  • Long-term, strategic restructuring to ensure long-term success
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