Ankura Launches Turnaround and Restructuring Practice in Germany

Ankura Consulting Group, LLC, a leading global consulting firm, has officially announced the establishment of its new Turnaround and Restructuring (TR) office in Germany. This strategic move marks a significant expansion of Ankura’s operations in the region and underscores its commitment to providing top-tier advisory services and solutions tailored to meet the needs of its clients. The new office will be led by Senior Managing Director Jens Nawrath, who brings over 30 years of experience in debt advisory and financial restructuring.

Growth Strategy in Europe

The introduction of the TR office in Germany is not merely a reaction to market demands; rather, it signifies Ankura's calculated strategy for growth within the European market. Previously, Ankura successfully extended its TR services across various regions, including Australia in 2019, the United Kingdom in 2021, and the Middle East in 2023. This trajectory of expansion highlights the firm’s agility in responding to the evolving financial landscapes influenced by unique regional conditions.

Simon Michaels, the Chairman for EMEA and APAC at Ankura, emphasized the importance of Germany to the company's global agenda. “Germany represents a significant market for our world-class offerings. The strategic expansion of our TR capabilities in the region enhances our existing expertise and services across various sectors including Data Technology, Construction Disputes Advisory, and Risk Advisory.” This statement encapsulates the intent behind Ankura's recent move—aligning local insight with global best practices.

Leadership Under Jens Nawrath

Jens Nawrath takes the helm of the new office, establishing a framework for success built on over three decades of invaluable industry experience. His prior roles included leading the debt advisory practice in the DACH (Germany, Austria, and Switzerland) region at a prominent global consulting firm, where he offered strategic guidance to multiple clients, including both corporate and private-equity firms.

Expressing enthusiasm, Nawrath stated, “I am thrilled to join Ankura and its highly experienced global TR team to support our clients in addressing their critical business challenges within the region.” His experience positions him perfectly to spearhead Ankura’s initiatives, ensuring that clients receive tailored opportunities that cater to their specific needs and economic conditions.

Navigating Economic Challenges

In today’s complex economic environment, businesses face mounting pressures from global geopolitical issues and economic uncertainty. Roy Gallagher, the Global Head of the Strategic Finance Group at Ankura, noted, “In these challenging times, Ankura’s global TR operations provide clients with the essential expertise and advice necessary for stabilizing their operations, improving financial performance, and ultimately achieving long-term value.” This perspective reinforces the critical need for experienced guidance during such unpredictable times.

The establishment of the TR office in Germany is expected to empower diverse companies by offering specialized insights and innovative strategies tailored to the German market, thereby reinforcing Ankura’s commitment to delivering value and establishing stronger partnerships with clients.

About Ankura

Ankura Consulting Group, LLC is an independent global expert services firm providing myriad services across various sectors. Its comprehensive solutions aim to assist clients during pivotal moments involving conflicts, crises, performance risks, strategies, and transformations. With a workforce exceeding 2,000 professionals serving over 3,000 clients in 55 countries, Ankura continues to push boundaries in consulting and advisory services. For further details, visit www.ankura.com.