The Financial Turnaround of Nordipack A/S

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The Financial Turnaround of Nordipack A/S

Case

Reference no. CBS045

Subject category: Finance, Accounting and Control

Authors: Morten Holm (Copenhagen Business School); Merete Badger (Copenhagen Business School)

Published by: Nordic Case House, Copenhagen Business School

Published in: 2024

Length: 10 pages

Data source: Generalised experience

Topics: Strategic profitability analysis; Activity-based costing; Turnarounds; Customer profitability; Cost allocation; Cost analysis; Management accounting; Strategy formulation; Profitability; Finance business partnering; Private equity; Decision making

Share a link: https://casecent.re/p/199859

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Abstract

Nordipack A/S, a European packaging manufacturer, has been facing financial difficulties with declining profits and modest revenue growth and the family-owned business was recently forced to let the private equity firm Tora PE Partners invest in the firm to raise new capital and to help turn the negative financial performance around. After Tora PE Partners acquired a stake in Nordipack, the PE fund initiated a major restructuring, including appointing a new CEO and CFO. The new CFO, Alex Pontoppidan, is tasked with creating financial transparency across product markets, regions, and customers to inform the future strategic direction of Nordipack.