After the award of the basic set of mandates for consultancy companies are now waiting for specific orders from the state Corona-Fund for Support for the WSF, the “economic stabilization Fund”. A total of 26.5 million Euro heavy fee pot is ready for around one and a half dozen consultants, who are now all known by name.
Klaus Max Smolka
editor in the economy.
F. A. Z.
As of the F. A. Z. reported in advance, this includes in the first Los, Lazard, Rothschild, Deloitte, and a Tandem of Lincoln and Oliver Wyman. In addition to these four parties, the investment banks Citi and Evercore, such as a electronic platform for the procurement of the European Union is to be taken. In this lot it comes to listed companies – known case is the Deutsche Lufthansa.
The WSF is one of the instruments with which the Federal government intends to mitigate the effects of the Corona of a pandemic on the economy. The consultant will analyze the economic Outlook and the capital position of the company and thus their ability to estimate, repay debts. You should assess the measures taken by the WSF, the impact on existing financial instruments, the credit Rating and the access to the Capital markets of the company. Explicitly not the Council is asked to tax, law or accounting, not to reviews of the real estate or structured Finance products.
The applicants had to present concepts that differ according to the to the supervising branch of industry. The financial Agency as the competent authority requires, among other things, support for companies from the industries of automobile, textile, logistics, tourism, Hotel and catering, mechanical and trade. In the second Los it comes to non-listed companies. Here is a Pool of a dozen consultative parties are ready. Including Grant Thornton, Ludwig & co., as well as Friday & co. The others are PwC, Horn & Company, Rödl, such as KPMG, Pareto reported (with the previous Equinet), Warth & Klein is a Duo from Buttler and CoCo Finance, another Duo from Valetis and Buth & Hermanns, Roland Berger and EY.
celebrity name
Thus, by the consultancies and industry, all prominent names in the process, examiners almost. The companies had to submit bids on the Basis of daily rates, and secured their place in the consultant pool. Specific orders but are not guaranteed. They are issued by the authority yet. Have been selected by the parties in a Points system with three criteria: With each of 40% weighting to the tender price and the life went on runs with the qualifications of the consultants, to had 20 percent of the consulting concept.
Among the Selected, there are voices who fear that less crisis, companies take the help of the WSF than initially expected and, therefore, fewer jobs generated. The fee pot is considered to be not overly generous. But for the project mandate serves as a reference for future business – especially with the public sector.
