
Interim Management
in
Private Equity Transactions
Value-added Service
Transaction structures and the governance in private equity-financed management buyouts are complex.
Management in the acquisition process: Team members of the private equity investors are regularly not permitted to act as managing director within the acquisition structure. Until the closing, the operational management of the target companies is still in the seller’s sphere and is usually not familiar with the complexities of the implementation of the transaction, including its financing. The advising lawyers are also often not allowed to manage the acquisition structure for compliance and liability reasons. This is where we can help: experienced, competent and reliable.
Management during the investment period: During the lifecycle of an investment, there may be – sometimes difficult – situations in which it makes sense to temporarily supplement the existing operational management at managing director level in the holding structure in order to implement the portfolio strategy. Examples are add-on acquisitions, reorganisations, mergers, recaps, exit or change processes in the management itself. Operational management concentrates on the business. And we do the job that operational management cannot or does not want to do.

Transaction Experience
Dr Michael Roos has successfully advised hundreds of national and international transactions in the private equity environment in a leading position as a partner and managing director of international law firms for over twenty years.

Management Expertise
For more than two decades, Dr Roos has been regularly involved in the management of acquisition structures and special corporate situations.

Entrepreneurial & Independent
Dr Roos has successfully founded several companies and thinks and acts as an entrepreneur. He has been the managing director of his own family office for over twenty years.
Scope of Service
The transaction is a process that regularly extends over many months. Our service regularly begins with the establishment of the acquisition structure and usually ends – depending on the client’s wishes – with the establishment of the post-closing structure. Depending on the situation, we also take on specific tasks during the investment period.
We typically perform the following tasks in the acquisition phase:
- Realisation of the acquisition of NewCo(s)
- Managing director function in the NewCo(s)
- Attending notary appointments to set up the transaction structure
- Execution and implementation of shareholder resolutions
- Participation in signing and closing in the capacity of managing director
- Opening an account and conducting banking transactions at NewCo level
- Support with KYC process requirements
- Implementation of post-closing measures (mergers, EAV, entrepreneurial status of the holding company, etc.)
- Implementation of the new managing director service contracts
- Cooperation and coordination of the tasks of the NewCo(s)
The project specific range of tasks during the investment period is more diverse and depends on the particular situation that requires a solution. Typical situations include:
- Change processes on top management level
- Implementation of new finance or legal structure
- Support in preparing or accompanying an exit
- Add-on situations
- Management in shareholder conflict situations
- Support during liquidation phases
