Centuros

What Centuros does

Centuros is a German boutique consulting firm founded in 2014 that provides turnaround management, expert opinions (Gutachten), and M&A advisory services, with a focus on the German Mittelstand. The firm operates through two legal entities — Centuros GmbH (Potsdam) and Centuros Consult GmbH (Hamburg) — and maintains offices in Potsdam, Hamburg, and Berlin, staffed by 30+ consultants including 6 partners, 1 director, and 3 managers.

The firm's core offerings span three interlocking practice areas: restructuring and turnaround management for distressed mid-market companies, preparation of court-accepted expert opinions, and M&A advisory with a special-situation orientation. Centuros has completed more than 850 mandates and reports that over 40,000 jobs have been preserved across its engagement history, indicating a sustained, deeply embedded presence in German distressed and mid-market deal flow. Clients are primarily small and mid-sized German companies, frequently engaged through lenders, insolvency administrators, or courts.

Centuros generates revenue through professional services fees on turnaround, expert opinion, and M&A mandates. The firm is privately held with no disclosed external investors. It has secured third-party validation through LSEG league tables, ranking 2nd in Global M&A Small-Cap 2024 (36 deals) and 3rd in Global M&A Mid-Market 2025 (41 deals), placing it among Europe's most active mid-market M&A advisory boutiques. The firm has no proprietary technology platform and no disclosed AI capabilities, operating as a traditional partner-led professional services practice.

Name

Centuros

Legal name

Centuros GmbH

Website

https://centuros.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Centuros is a German boutique consulting firm founded in 2014 specializing in turnaround management, expert opinions, and M&A advisory for the Mittelstand. With 30+ consultants across Potsdam, Hamburg, and Berlin, it ranks among Europe's top mid-market M&A advisors.

Ownership category

akta.pro rank

Product category

Management Consulting (Restructuring & Special-Situations M&A Advisory)

NAICS

Management Consulting Services (54161), Professional, Scientific, and Technical Services (541)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Restructuring & Turnaround Advisory (BPAHAOAC)

akta.pro secondary industry

Restructuring & Turnaround Advisory (BPAHADAD)

Keywords

• Turnaround management
• Restructuring advisory
• Mergers acquisitions
• Distressed M&A
• Mid market consulting

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Consulting Services: Professional consulting fees for turnaround management, expert opinions/appraisals, and M&A advisory services. Revenue generated through consulting engagements with mid-cap companies, typically project-based work with defined scope.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Centuros is a German business consulting firm that advises small and mid-cap companies (Mittelstand) through turnaround and restructuring situations, independent expert opinions (Gutachten, including IDW S6), and mergers & acquisitions in special situations. Its three core service lines—Turnaround Management, Gutachten, and M&A—are delivered by senior partners and interdisciplinary teams from offices in Berlin, Potsdam, and Hamburg.

Product overview

Centuros offers three interconnected consulting service lines for mid-market companies in transformation and crisis situations: Turnaround Management provides strategic and operational restructuring support; Gutachten delivers independent expert opinions including IBR, going concern forecasts, and IDW S6 restructuring appraisals; and Mergers & Acquisitions covers distressed M&A, succession planning, carve-outs, and company valuations. These services are designed to work together, with expert opinions often serving as the foundation for turnaround strategies and M&A transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnaround Management Consulting service that accompanies companies through transformation and restructuring situations, including strategic realignment, business process optimization, transparency enhancement, transformation management, and financing support. Targeted at small and mid-cap companies in special situations.
• Gutachten (Expert Opinions) Independent expert opinions and appraisals for companies in challenging economic situations, including IBR (Independent Business Review), Fortbestehensprognose (going concern forecast), Fortführungsprognose (continuation forecast), and Sanierungsgutachten (restructuring expert opinions according to IDW S6 standards). Targeted at companies, creditors, and courts requiring formal expert opinions.
• Mergers & Acquisitions Full-cycle M&A advisory in special situations, including distressed M&A (buy side and sell side), company acquisitions and sales, succession planning, carve-outs, company valuations, and fairness opinions. Targeted at owners, shareholders, and management of small and mid-cap companies undertaking transactions.

Named customers11 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• International Network of M&A ConsultanciessupportingStrategic or Co-development PartnerCENTUROS works with an international network of M&A consultancies that have excellent knowledge of regional markets and enable contacts with potential investors worldwide. This network supports rapid identification of investors in domestic and international markets.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Houlihan Lokey: Global investment bank with a leading restructuring practice; competes for distressed M&A and special-situations mandates that overlap with Centuros's core offering, particularly for cross-border processes.
• FTI Consulting: Global consulting firm with a strong restructuring and corporate finance practice; competes with Centuros for distressed M&A, IBR and turnaround mandates from lenders and corporates in Germany.
• Clairfield International: Global mid-market M&A advisory firm ranked alongside Centuros in the LSEG Global M&A Mid-Market Advisory Ranking 2025; comparable in deal-size focus, cross-border execution, and Mittelstand client base.
• Alvarez & Marsal: Global restructuring and turnaround advisory firm; directly comparable to Centuros on distressed M&A, turnaround management and lender-side advisory mandates, though operating at larger scale.
• Ebner Stolz: German mid-market advisory firm offering restructuring, M&A and transaction advisory; directly comparable to Centuros in targeting German Mittelstand companies for special situations and corporate finance mandates.
• BDO Germany: German member of a global accounting and advisory network; competes with Centuros on mid-market restructuring, M&A advisory and IDW-compliant expert opinions.
• RSM Germany: Mid-market audit, tax and consulting firm active in German Mittelstand restructuring and transaction advisory; comparable in client size and service overlap with Centuros.
• IMAP M&A Advisors: International mid-market M&A advisory network with strong presence in Germany; competes directly with Centuros on sell-side and buy-side mandates for SME and mid-market companies.

Broad incumbents

• Roland Berger: German-headquartered global strategy consultancy with restructuring and corporate finance capabilities; broader portfolio than Centuros but overlaps on transformation and turnaround advisory for German Mittelstand and large corporates.
• PwC Germany: Big 4 firm with a large Deals and Restructuring practice; ranked alongside Centuros in LSEG mid-market and small-cap league tables and competes on the same German mid-market mandates at greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/centuros-consult-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centuros