Mandate:
Rapid turnaround of a German company operating globally in the GPS navigation segment, but with high operating losses, followed by a successful M&A transaction which secured the company’s further development and preserved as many jobs as possible.

Client:
US private equity company General Atlantic, on behalf of a German GPS navigation company, €150 million

Measures:

  • Achieved rapid cash flow improvements through revenue turnaround, including a rapid sale of surplus stock

  • Stabilised the management and sales teams

  • Introduced strict cost management and daily liquidity management, and quickly and drastically reduced the heavily loss-making US company

  • Significantly reduced working capital by optimising the supply chain and factoring

  • Closely co-ordinated with the supervisory board and the private equity portfolio management

  • Adapted the product range and closely monitored the Far East suppliers

  • Successfully developed the mobile phone navigation business

  • Strongly expanded the content & services business

  • Developed a successful navigation solution for automotive world market leaders

  • Identified and contacted potential M&A companies, leading to a successful sale to the navigation world market leader, and controlled the post-merger measures in a target-oriented way

Success:

  • Achieved rapid revenue stabilisation and market leadership in navigation solutions for smartphones
  • Achieved successful cash flow management without additional capital requirements
  • Achieved positive annual results after just one year
  • Successfully sold the German company to the world market leader, while preserving almost all jobs in Germany

Contact:

Egon Minar

Hubertusstrasse 22
80639 München

+151 229 10 747
egon.minar@via-momentum.com