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Case Studies

Facility Management

Business Services



  • The com­pa­ny is a lead­ing provider of Facil­i­ty Man­age­ment (FM) and Tech­ni­cal Facil­i­ty Man­age­ment (TFM) ser­vices. The com­pa­ny is a transat­lantic busi­ness with facil­i­ty man­age­ment in Europe, the Unit­ed States, and Mexico.
  • 2020 rev­enues reached CHF 71.2 MM with CHF 2.4 MM in EBIT­DA, with two major acqui­si­tions in UK and Switzer­land. Prof­itabil­i­ty began to decline to CHF 200K EBIT­DA on CHF 92.2 MM rev­enues in 2021, due to the imple­men­ta­tion of new COVID secu­ri­ty mea­sures (i.e. dupli­ca­tion of staff, more com­plex clean­ing pro­ce­dures) and the dis­con­tin­u­a­tion of the TFM (project-based) business.
  • The com­pa­ny recov­ered in 2022 with CHF 87 MM rev­enues and CHF 1.2 MM EBIT­DA, but acqui­si­tions in the UK and Switzer­land sig­nif­i­cant­ly affect­ed cash-flows along with a back­log of invoic­es and new pre-pay­ment con­di­tions from suppliers.
  • Chi­ron was engaged as Invest­ment Banker and Finan­cial Advi­sor in Octo­ber 2022 after an unsuc­cess­ful self-financ­ing effort. At the time of the engage­ment, the com­pa­ny was in default with its senior bank lenders in sev­er­al coun­tries and had total debts of over CHF 9 MM


  • Chi­ron suc­cess­ful­ly raised a CHF 5.5 MM res­cue financ­ing with pre­vi­ous­ly unused col­lat­er­al, which were crit­i­cal to improv­ing liquidity.
  • Chi­ron suc­cess­ful­ly nego­ti­at­ed with the 9 incum­bent senior bank lenders for for­bear­ance, which allowed the com­pa­ny to obtain a six-month win­dow to sta­bi­lize the com­pa­ny’s long-term con­tracts and asso­ci­at­ed pre­dictable cash flows pri­or to the restructuring.
  • Chi­ron is cur­rent­ly restruc­tur­ing the company’s fixed term debts and obtain­ing a new CHF 20+ MM revolv­ing cred­it facil­i­ty increase its liquidity. 
  • The ongo­ing restruc­tur­ing and new financ­ings will strength­en the Company’s finan­cial sta­bil­i­ty, allow­ing it to imple­ment an inter­na­tion­al build-up strat­e­gy in 2024 and fur­ther devel­op­ment of its US based facil­i­ty man­age­ment operation. 

The Challenge

2020 revenues reached CHF 71.2 MM with CHF 2.4 MM in EBITDA, with two major acquisitions in UK and Switzerland. Profitability began to decline to CHF 200K EBITDA on CHF 92.2 MM revenues in 2021, due to the implementation of new COVID security measures (i.e. duplication of staff, more complex cleaning procedures) and the discontinuation of the TFM (project-based) business.

The Chiron Solution

Chiron successfully raised a CHF 5.5 MM rescue financing with previously unused collateral, which were critical to improving liquidity.

The Result

Chiron is currently restructuring the company’s fixed term debts and obtaining a new CHF 20+ MM revolving credit facility increase its liquidity.

Is your com­pa­ny per­form­ing like it should?