Ankura Expands Operations with New Turnaround and Restructuring Practice in Germany

Ankura Consulting Group Announces New Practice in Germany

Ankura Consulting Group, LLC, a prominent player in the global advisory sector, has made headlines with its recent launch of a Turnaround and Restructuring (TR) practice in Germany. This strategic move intensifies the firm’s focus on providing specialized advisory services to clients within a vital market.

Expansion into Germany: A Strategic Move

The establishment of the TR practice in Germany signals Ankura's commitment to extending its operations in Europe and underscores the company’s dedication to aiding businesses facing significant operational challenges. Brands like Ankura are essential as markets confront changing economic conditions and complex business environments.

Led by Senior Managing Director Jens Nawrath, this new division aims to leverage local expertise alongside global best practices. Nawrath, who commands over three decades of experience in debt advisory and financial restructuring, previously spearheaded the DACH Debt Advisory practice at another reputable consultancy. His credentials place him in a prime position to guide clients through difficult financial terrains, ensuring they emerge stronger.

EMEA Expansion Strategy

Simultaneously, Simon Michaels, Chairman for EMEA and APAC at Ankura, remarked on the significance of the German market, highlighting how this new practice enhances the firm's already robust capabilities in sectors like Data Technology and Construction Disputes Advisory. By augmenting their service offerings, Ankura demonstrates a proactive approach to business challenges prevalent in the consulting industry. This aligns well with their previous expansions into diverse markets such as Australia, the UK, and the Middle East in recent years.

Clientele and Future Outlook

With clients ranging from corporates to private equity firms, Ankura’s TR practice is designed to address a myriad of issues including debt financing and restructuring strategies. Nawrath expressed his enthusiasm about joining the Ankura team, stating, “I’m delighted to join Ankura and its highly experienced global TR team to support our clients in navigating critical business challenges in the region.” His commitment to client success positions the new TR practice as a vital asset to businesses navigating tumultuous financial waters.

Roy Gallagher, Global Head of Ankura's Strategic Finance Group, echoed this sentiment, noting the importance of expert guidance in today’s volatile economic climate. With Nawrath at the helm in Germany, clients can anticipate a tailored approach to stabilizing operations, enhancing fiscal performance, and promoting long-term growth.

Ankura’s Reputation and Global Commitment

Ankura Consulting is recognized for its independent and collaborative method in providing advisory solutions that address myriad issues. With a workforce of over 2,000 professionals serving clients across 55 countries, the firm’s reputation for excellence is firmly cemented in the consulting landscape. The newly established German practice is poised to uphold this high standard of service delivery, ensuring clients have the necessary tools and advice to thrive in a competitive environment.

For those interested in exploring Ankura's services or engaging with their new practice, more information can be found on their official website at www.ankura.com.

Conclusion

As Ankura continues to grow its footprint globally, the launch of its Turnaround and Restructuring practice in Germany is a remarkable step in affirming its position as a leader in the consulting space. By fostering local expertise and connection while tapping into global networks, Ankura is well-equipped to support businesses through their most pressing challenges in the coming years.