Germany enters 2026 with a different mindset and a new focus on restructuring. StaRUG (Stabilisierungs- und Restrukturierungsrahmen für Unternehmen), the country’s principal restructuring framework, has emerged as a flexible route for German corporates and stressed sectors looking for a pre-insolvency tool that can redesign balance sheets to rescue viable distressed companies and preserve value.
In response, management teams are now weighing carve-outs, targeted closures and reinvestment, while lenders are increasingly measuring success by sustainable deleveraging rather than short-term fixes and resets. Investors, for their part, are seeking deal-ready opportunities that offer clear returns and a credible path to growth.
For its part,…