Mergers & Acquisitions

Your expert for questions

Timo Klees
Partner, Lead Corporate Finance & Special Situations, PwC Germany
Tel: +49 151 1006 0451
Email

Shaping Transactions Holistically – Focused on Your Success

Securing the future. Enhancing value. Driving change.

In a market environment defined by rapid disruption and global competitive pressure, companies and private equity investors face a pivotal choice: standstill or strategic growth. Today more than ever, sustainable success requires the courage not only to recognise trends, but to actively shape them through innovative and resilient business models.

Transactions are a key lever for sustainable growth – and often essential to securing a company's long-term viability. 

Tailored solutions for the German Mittelstand

The German Mittelstand and many family-owned businesses are currently at a critical turning point. Complex succession issues, digital transformation and volatile markets call for more than off-the-shelf solutions – they demand entrepreneurial foresight and robust strategies for the future.

Our M&A team specialises in turning precisely these challenges into measurable success. We understand the DNA of the Mittelstand and support you with experience and expertise through every phase of your transaction:

  • Precise preparation and analysis of potential: We identify the right partners and investors, analyse value potential and, on this basis, develop a tailored transaction strategy that maximises value.
  • End-to-end process management: We steer the entire transaction process, maintaining momentum and competitive tension throughout.
  • Delivery through to closing: Drawing on our experience, deep sector expertise and our international PwC M&A network, we consistently bring transactions to a successful close.

Let us work together to set the course for your long-term success.

“Successful transactions don't happen by chance – they are the result of thorough preparation, the right divestiture strategy and decisive action. We support entrepreneurs and shareholders as trusted sparring partners, enabling you to realise maximum value for your company even in volatile times. Your success is our benchmark.”

Timo Klees,Partner, Lead Corporate Finance & Special Situations, PwC Germany

Meet the team

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Expert guidance through every phase of the transaction

Whether you are buying or selling a company, planning a succession, restructuring or refocusing on core competencies – we stand by your side as an experienced deal advisor. Together with you, we develop a tailored sale, financing or acquisition strategy, identify suitable investors or target companies, and guide you through the entire transaction or financing process – from the initial idea to successful closing.

Our teams are specialised in individual sectors as well as in distressed and insolvency situations and debt advisory – creating real added value for our clients. With deep industry knowledge and expertise, including in times of crisis and insolvency, we develop tailored solutions that specifically address the challenges and opportunities of your industry and situation.

Our network is your strength: We work on an interdisciplinary basis with our PwC experts in the areas of legal, tax, financial due diligence, valuation and post-merger integration. This way, we are at your side as a team for all questions that go beyond the pure mergers & acquisitions process.

Timo Klees

Lead Corporate Finance & Special Situations

“For us, M&A in special situations means keeping our focus firmly on the road ahead: with a clear mind and many years of transaction expertise, we manage processes in a way that turns acute challenges into valuable perspectives for all stakeholders. Our ambition: to find the partner who will secure the company's future on a sustainable basis.”

Alexander Knögel

Industrials

“Advancing automation and the use of AI will fundamentally change the future of industrial production. This will create significant momentum in M&A transactions – both among manufacturers of production equipment, components and software, and among their users in the manufacturing sector. Our advisory approach therefore covers both dimensions: the strategic rationale behind acquisitions and divestitures, as well as the optimal, value-maximising execution of the transaction.”

Philipp Gebhard

Automotive

“The automotive industry is currently undergoing profound technological and structural change. We support our clients in implementing their transformation strategy in a targeted way through M&A transactions and in positioning their business models for sustainable competitiveness. Our experienced M&A automotive sector specialists bring deep industry insight to the table, supporting clients on both the buy and sell side of companies and carve-outs.”

Dr Alexander von Friesen

Healthcare, TMT

“The healthcare sector offers attractive opportunities for value-enhancing investments, particularly in more volatile times. With deep sector expertise and an international network of experienced advisors, we bring sellers and buyers together in a focused way – connecting medical excellence with capital and thus opening up further growth perspectives.”

Jan Niklas Greim-Kuczewski

Consumer

“In the consumer sector, rapidly shifting trends and technological innovation create excellent opportunities for strategic transactions. We support you in harnessing this dynamic through targeted deals and in safeguarding your lead in a market that is constantly reinventing itself. With deep industry insight and a clear focus on resilience and growth, we shape the future together.”

Andres Middelschulte

Debt Advice

“Excellent financing terms don't happen by chance – they are the result of a structured competitive process involving banks and credit funds, combined with first-class preparation. We support companies and investors in building a resilient capital structure, optimising financing costs over the long term, and securing the right financing partners on the basis of a compelling business plan.”

Fabian Dalka

Distressed & Special Situations

“In a constantly challenging market environment, we leverage our strong special situations M&A expertise to implement sustainable investor solutions for companies facing crises. In doing so, we always act with a sound judgment to align the differing interests of the stakeholders involved.”

Your goal is our driving force

We guide you safely through every transaction – with precision, passion and a clear focus on what matters most. Whether you want to accelerate growth, enter new markets or execute complex restructurings via dual-track processes: rely on a team that shares your ambitions. With deep market knowledge and full commitment, we turn your vision into measurable success. Together, we shape your future.

Geschäftsleute schütteln sich die Hände

Sell-Side

Selling a company is a major step that requires careful preparation, discretion and experienced guidance. We lead you through the entire sales process in a structured way – from preparation to successful signing – ensuring the involvement of our international PwC network, a high level of transaction certainty and attractive terms.

Our services at a glance

Grafik: Sell-Side

What sets us apart

  • Unique access to investors: Direct access to decision-makers 
  • Extensive industry know-how as well as broad expertise in special situations and insolvencies
  • A high-impact, well-established team with a hands-on mentality and a passion for success
  • Professional stakeholder management
  • Maximization of transaction certainty and sale proceeds
  • Proven track record – client-focused, pragmatic and reliable

Do you have questions?

Buy-Side

Acquiring a company opens up new growth opportunities – but it also requires a strategic approach, sound analysis and experienced guidance. We provide holistic support throughout the entire acquisition process – from strategy development to successful signing.

Our services at a glance

Grafik: Buy-Side

What sets us apart

  • Unique access to target companies worldwide
  • Extensive industry know-how
  • A high-impact, well-established  team with a hands-on mentality and a passion for success
  • Maximization of transaction certainty
  • Attractive negotiation outcomes for the buyer

Debt Advisory

We define and secure your optimal capital structure. Through innovative, tailored and independent financing solutions, we guide you confidently through any situation – guaranteeing you the best possible terms.

  • Structuring of LBO, MBO and MBI transactions
  • Financing of add-ons and buy-and-build strategies
  • Restructuring and extension of existing credit lines
  • Cost and covenant optimisation
  • Syndication and coordination of multiple lenders
  • Dividend recapitalisations
  • CAPEX programmes, internationalisation, R&D investments
  • ARR-based financing for technology and software companies
  • Hybrid solutions (equity-like debt, mezzanine financing, convertible bonds)
  • Renegotiation of financing agreements, waiver negotiations, stabilisation financing
  • Refinancing of non-performing loans and alternative lenders
  • Asset-based lending
  • Scenario analysis: leverage, flexibility, costs, covenants
  • Modelling of a long-term, sustainable capital structure
  • Peer benchmarking and market comparison

What sets us apart

  • Flexible financing solutions for long-term value creation
  • Local and European financing network
  • In-depth industry expertise
  • High transaction certainty with attractive conditions
  • Proven track record - independent, client-oriented and results-oriented

Our track record and transaction experience

Your ambitions, combined with our sector expertise, are both the driving force and the key to success. Drawing on the know-how gained from more than 400 transactions worldwide each year, we are fully committed to delivering results for you. In doing so, we consistently leverage our sector experts and the latest digital tools.

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Contact us

Timo Klees

Timo Klees

Partner, Lead Corporate Finance & Special Situations, PwC Germany

Tel: +49 151 10060451

Dr. Alexander von Friesen

Dr. Alexander von Friesen

Partner, Corporate Finance | M&A Healthcare & Consumer, PwC Germany

Tel: +49 151 11714398

Philipp Gebhard

Philipp Gebhard

Partner, Corporate Finance | M&A Automotive & Industrial Products, PwC Germany

Tel: +49 1515 8071677

Alexander Knögel

Alexander Knögel

Partner, Corporate Finance | M&A Industrial Technology & Business Services, PwC Germany

Tel: +49 170 2250409

Steffen Apfel

Steffen Apfel

Partner, Corporate Finance | M&A Energy, PwC Germany

Tel: +49 172 6518099

Andres Middelschulte

Andres Middelschulte

Partner, Corporate Finance | Debt & Capital Structure Advisory, PwC Germany

Jan Niklas Greim-Kuczewski

Jan Niklas Greim-Kuczewski

Partner, Corporate Finance | M&A Consumer & Retail, PwC Germany

Tel: +49 151 656 47049

Fabian Dalka

Fabian Dalka

Partner, Corporate Finance, Distressed & Special Situations, PwC Germany

Tel: +49 174 3237836

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