Restructuring advisory in München
Turnaround Management Partners (TMP) is also active as a restructuring advisor in southern Germany with an office in the Bavarian capital of Munich and advises companies in times of crisis. The restructuring boutique consists of experienced ex-Big 4 restructuring advisors with decades of experience and expertise in advising and managing companies in crisis situations. The advisory team provides turnaround management services.
Restructuring advisory in München
Economic situation for restructuring in Bavaria and Munich
Bavaria, as one of Germany’s economic heavyweights, plays a decisive role in the structure of the national economy. The state capital of Munich is the beating heart of this economic area. Bavaria’s general relevance as a business location manifests itself not only in its tradition, but also in the modernity of its companies.
With an impressive gross domestic product of over 600 billion euros (2022), Bavaria is a key driver of the German economy. Munich, as the most important city in the state, makes a significant contribution to this success. The city is not only home to global players such as BMW, Siemens and Allianz, but is also a magnet for innovative start-ups and medium-sized companies.
The development of office space in Munich reflects the flourishing economy. Technology parks, such as the “Technologiepark München” or the “Werksviertel Mitte”, offer space for companies of all sizes. The flexible orientation of these areas underlines the adaptability of the business location.
Despite this positive framework data, companies in Bavaria are facing challenges that make restructuring necessary. Global uncertainties, digital transformation and the effects of the COVID-19 pandemic require constant adaptation of business models. Current figures show that a large number of companies in Bavaria are embarking on this path of restructuring in order to maintain and expand their competitiveness.
Overall, the economic situation in Bavaria and Munich presents a multifaceted picture. The business location is characterized by stability, but also by the need to constantly reinvent itself. Restructuring is therefore becoming an integral part of economic development, opening up new opportunities for companies in Bavaria and shaping the future of the business location.
Munich is the city with the most TMA members. The TMA (Turnaround Management Association) is regarded as one of the largest associations of restructuring advisors and lawyers working in the field of corporate restructuring, turnaround management and the reorganization of companies. The high number of members is an indicator of the relevance of the city of Munich for restructuring advisors and the restructuring industry in general.
TMA (Turnaround Management Association) members in Munich
| Cities | TMA members | Share |
| Munich | 92 | 23% |
| Frankfurt am Main | 84 | 21% |
| Düsseldorf | 41 | 10% |
| Hamburg | 41 | 10% |
| Berlin | 29 | 7% |
| Stuttgart | 14 | 4% |
| Cologne | 11 | 3% |
| Ca 50 other cities | 85 | 21% |
| Total | 397 | 100% |
Source: Turnaround Management Association:
www.tma-deutschland.org, www.turnaround.org (as of the end of 2023)
In addition to the restructuring advisors at Turnaround Management Partners, numerous other well-known restructuring advisors are based in Munich. This includes both pure reorganization and restructuring advisors as well as auditing firms with restructuring departments or traditional management advisors with restructuring expertise.
| List of restructuringadvisors | Munich |
| Turnaround Management Partners | Yes |
| AlixPartner | Yes |
| Alvarez & Marsal | Yes |
| BCG – The Boston advisory Group | Yes |
| Roland Berger | Yes |
| Accenture | Yes |
| ATREUS | Yes |
| Bain & Company | Yes |
| Concentro | Yes |
| Deloitte advisory | Yes |
| Ebner Stolz | Yes |
| enomyc | Yes |
| EY | Yes |
| FalkenSteg | Yes |
| Horváth | Yes |
| Kearney | Yes |
| KPMG Advisory | Yes |
| McKinsey & Company | Yes |
| Oliver Wyman | Yes |
| PricewaterhouseCoopers (PwC) | Yes |
| Strategy& | Yes |
| TMC Turnaround Management Consult | Yes |
Conclusion on restructuringadvisory in Bavaria and Munich
Restructuring consultancy in Bavaria/Munich faces a challenging but also promising task. The current challenges have forced companies to rethink their business models and adapt to new realities. The city, as an important business location in the state of Bavaria, has a high density of innovative companies that are actively facing up to this challenge.
The importance of restructuring advice is underlined by current insolvency data and economic developments. Companies are confronted with specific challenges that require professional restructuring advice. Not only financial aspects, but also strategic realignment and digitalization play a decisive role here.
However, the conclusion also shows that Munich’s economy is resilient despite temporary setbacks. The willingness to change and innovate is high, which opens up an optimistic outlook for the future. Restructuring consultancy in Munich should therefore not only focus on short-term crisis management, but also support long-term strategic decisions in order to create sustainable and competitive business models.
The Restructuring Cities Guide by Turnaround Management Partners sheds light on the situation of reorganization and restructuring advisors in Germany based on the largest cities in the Federal Republic.
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