Succession and Transfer
Companies in whose entire management and representation no younger generation is apparent that could carry the business forward.
The decisive figure in the succession question is the youngest person authorised to represent a company. If that person also belongs to the generation that will withdraw from the business, there is nobody within the company who can take over the management. The path then leads outside: to a buyer, an external managing director or a private equity investor.
For anyone seeking to acquire, broker or finance businesses, this is the most precise selection that can be derived from the composition of management.
The generational question in the German Mittelstand. How old the management of German companies is, where the handover is most pressing and in which businesses a next generation is already in place.