17/05/2021

"We will see an increase in insolvency cases by mid of year 2021.", predicts Carina Küffen

In an interview with FinanzBusiness, the director at Berlin-based M&A advisory boutique Saxenhammer reports on the current market environment in the distressed M&A segment. However, in her opinion, banks as creditors do not have to worry about rising insolvency figures.

"We will see an increase in insolvency cases by mid of year 2021.", predicts Carina Küffen

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According to Carina Küffen, Director at M&A advisory boutique Saxenhammer, the big insolvency wave is more likely to roll in towards the end of 2021. “It is crystallizing that most in the market do not expect the big insolvency wave. Inevitably, however, the market will have to level off again – the sharp drop in insolvency figures in 2020 and 2021 was also due to the suspension of the obligation to file. This now applies again, but has not yet caused the big jump,” reports the consultant specializing in special situations and distressed M&A. “In my view, we see rising insolvency numbers in mid to late 2021, and the next few years will also be characterized by this development.” CARINA KÜFFEN, DIRECTOR AT SAXENHAMMER “Medium-sized companies in particular will continue to be relieved by short-time working benefits and the government aid that is still to be paid out. I expect normal insolvency levels to return in the medium term because the market needs to change structurally. In my view, we will see rising insolvency figures in mid to late 2021, and the next few years will also be characterized by this development,” Küffen is convinced.

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Saxenhammer is regularly featured in media outlets and publishes sector updates.