The customer:

Rosenbauer is an internationally active group and a reliable partner to fire departments all over the world. The company develops and produces vehicles, fire extinguishing systems, equipment and digital solutions for professional, industrial, plant and volunteer fire services, and systems for preventive firefighting. With revenues of over € 1,300 million and around 4,600 employees (as of December 31, 2024), the Group is the world’s largest firefighting technology provider.

The project:

Rosenbauer realized a negative EBIT in 2022 due to disruptions in the supply chain and short-term cost increases as a result of the Ukraine war. These external factors also resulted in an increase in working capital and an expected breach of financial covenant. As a consequence, a standstill agreement with the main financing creditors became necessary in 2023 and as well as a comprehensive refinancing agreement in 2024. Since then, Rosenbauer has optimized its core operational processes and achieved a turnaround in terms of results. Finally, in 2025, the corporate financing was restructured through a EUR 119 million capital increase leading to a change of control as well as a EUR 330 million new financing through a syndicated loan with a consortium of banks.

Management Factory supported Rosenbauer in the design and implementation of the restructuring program until the completion of the new financing in March 2025.