Follow us:

VHM Capital signs a turnaround management mandate

VHM Capital took a turnaround management mandate for a packaging company. We have developed a restructuring program, approved by the creditors, restructured the company debt, brought the company to a monthly positive EBITDA, raised €280K working capital debt, optimized the operations, and reduced the accounts payables to suppliers from €1 million to €500K. After 11 months of management, in April 2021, we managed to sign an LOI with a venture capital fund for acquiring the company. The acquisition was closed in Q4, 2021.