Tactical Management
DE·EN·ES Submit a deal
Submit a deal Written first assessment within 72 hours. Confidential. →
Acquisitionscontact@tacticalmanagement.ch
DE · EN · ES Munich · Vienna · Zug

Acquisition & Process

Three requirements. Six exclusions. Four phases.

We assess fast and decline early. Clarity is the higher form of courtesy.

What We Acquire

Primary requirements. all three must hold.

Operational substance

Companies, business units, assets or brands with a real market, relevant value creation, customer base, product, infrastructure or development capability — sector-agnostic across industrials, services, brands, healthcare, infrastructure and technology.

Definable special situation

Turnaround, distressed, carve-out, spin-off, divestiture, succession, owner conflict or strategic reordering.

Transactional feasibility

A structure in which acquisition, continuation, separation, restructuring or further development can be executed responsibly.

Secondary requirements. weighted.

  • Continuity of key substance, especially in engineering
  • Transferable customer relationships
  • Clean legal and compliance position

What We Do Not Acquire

Risk-based exclusions — not sector-based.

  • Pure concepts without operational or legally usable substance
  • Situations where material legal or compliance risks cannot be made auditable
  • Transactions without realistic control, access or executable acquisition structure
  • Business models that cannot be continued within applicable legal and regulatory requirements
  • Companies with unresolved legal conflicts where risk allocation cannot be structured
  • Companies whose substance lies entirely in a single, non-replaceable person

The exclusions are risk and structure filters, not sector filters. The selection logic remains sector-agnostic.

Process

Four phases. Speed where possible. Rigour where required.

Phase 1
First review within 72 hours of receipt of the special situation.
Written first assessment with a clear statement: investment interest, no investment interest, or further clarification needed.
Phase 2
Indicative offer within a few business days.
Acquisition price corridor, transaction structure, conditions, timeline.
Phase 3
Structured due diligence, two to four weeks.
Four parallel teams: technical, commercial, legal, financial.
Phase 4
Closing and handover.
For insolvency transactions per the rules of the proceeding. For pre-insolvency transactions per classical M&A logic.

Selection Rate

We review a meaningful number of submitted special situations per year. We acquire only a small fraction.

This selectivity is not weakness of the pipeline. It is the strength of the methodology.

Submit a deal →