ERS was established when the current Partners identified the need for a Pan- European offering in turnaround, restructuring and related fields.
The original arrangement developed as a collection of primary boutiques with a top reputation in their respective five countries.
Afterwards, building on experience gained in a number of cross-border projects in which ERS members have participated, it was evident that a more integrated approach would leverage the opportunities for ERS in supporting large companies operating within Europe that have “special situations”.
Furthermore, the sharp increase in inward investment into Europe by non-European financial and industrial entities creates the need for a pan-European organisation focused on the mid-market and offering turnaround, restructuring and related services to businesses with challenging situations in line with local national practices.
ERS entities are linked by a cooperation agreement regulating all key contents of common business transactions. ERS members continue to trade and report their financial affairs as separate national entities. However, significant integration tools have been adopted in order to coordinate ERS initiatives and to ensure an efficient driving of multi country project teams, such as: