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      Volatile markets, rising costs of capital and increasing complexity in transactions and processes are putting greater pressure on companies. At the same time, new requirements in terms of financing, planning and management are presenting fresh challenges for the restructuring sector. What measures are now crucial to ensuring stability and the ability to act? The Restructuring Update Q2/2026 provides the answers.

      These are the highlights of the current issue

      • Carve-outs: Ex-ante objectification reduces risks

        Carve-outs are becoming increasingly important as a tool for portfolio reorganisation – particularly during periods of market volatility. Thorough preparation is crucial: we show how companies can objectively assess their planning, structure and ability to operate as standalone entities, thereby reducing the risks of legal challenges and liability at an early stage.

      • Debt-for-equity swaps as a stabilisation tool

        High levels of debt and rising financing costs call for new approaches to capital structure. A debt-to-equity swap creates financial flexibility and strengthens the equity base – whilst involving a high degree of complexity in terms of implementation and coordination.  Find out what matters in practice in the Restructuring Update.

      • Agentic Cash Management: A new approach to liquidity management

        Traditional working capital management is increasingly reaching its limits. We explain how agent-based, AI-supported approaches improve control throughout the entire cash conversion cycle and unlock sustainable liquidity potential.

      • Financial modelling: quality over complexity

        Integrated planning is becoming a key management tool – particularly in times of crisis. What matters is not the greatest possible level of detail, but consistency, transparency and robust assumptions. In the Restructuring Update, you will learn how companies reduce model risks and establish a sound basis for decision-making.

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      Stay fully informed with expert articles on current topics and issues in the field of restructuring. 

      Download the latest issue (in German only)

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      Newsletter

      Restructuring Update Newsletter - Q2/2026

      Current developments and key levers in restructuring.



      Restructuring Update - Archiv

      Hier finden Sie alle vergangenen Ausgaben des quartalsweise erscheinenden Newsletters mit praxisrelevante Fachbeiträgen aus den Bereichen Turnaround, Sanierung, Insolvenz und Distressed M&A. 

      Your Contact

      Florian Rieser

      Partner, Performance & Strategy, Head of Turnaround & Restructuring

      KPMG AG Wirtschaftsprüfungsgesellschaft