About Us
One of the leading investors in distressed assets and special situations worldwide.
Our History
Flacks Group, founded and controlled by Michael Flacks, specializes in the acquisition and operational turnaround of medium-sized businesses in complex situations where a rapid solution is of paramount importance. Michael was born in Manchester, England, and started Flacks Group in 1983. For over 40 years, Michael has been involved in some of the most complex and challenging turnarounds and business and real estate repurposing, unlocking billions of dollars in value and realizing that his vision enabled jobs to be saved and real estate assets to be repurposed. Today, with a total global asset value in excess of $4 billion built organically since the company started.
Investment Strategy
Flacks Group specializes in a unique, focused approach to buying and building our businesses, often centered on investing in Real Estate assets that are dark or need repurposing, operating companies undergoing complex operational and financial challenges, or good companies with a legacy liability overhang such as asbestos or environmental or legal challenges. Our Company is a generalist regarding business focus or sector and has been able to overcome significant challenges to unlock value.
Flacks Group does not rely solely on historical performance as an indicator of future potential and brings both expertise and creativity to situations to attempt to unlock value. We do not believe achieving success requires a rigid formula but rather a bespoke solution developed over time. The best approach for us is to spend a great deal of time getting to know our management teams and ensuring a consensus around an achievable go-forward business plan.
Our Philosophy and Values
Every employee in our business has value. It’s important for us to talk to, listen to, and solicit opinions from the shop floor to the corporate executive suite. In doing so, we can rapidly learn where the roadblocks are to business success. The objective is clear: to align interests and ensure each team member feels valued and engaged to achieve success. In turnaround situations, in particular, the need to change culture means that our company needs to be able to bring leadership, communication, vision, strategy, and aligned interests to situations. Flacks Group believes in a spirit of partnership where we combine interests around partnering with our employees and instituting compensation plans that align with core company objectives. In situations where Flack’s team has been successful, our company has been able to implement profit-sharing plans with our employees while maintaining core values of social responsibility and business sustainability, which are fundamental to our investment strategy.
Sourcing
Leveraging a global network of corporate M&A advisers, legal advisors, and assurance professionals, Flacks Group has successfully acquired and operated various companies across various industry sectors, where deal certainty and swift deal execution are critical.
Our primary focus is a carve-out, spin-off, and divestiture of a non-core/underperforming division from a sizeable multinational parent company, where the process is broken or tired. We also look for Real Estate assets that are challenged due to an upside-down capital structure, a downturn in the local or regional economy, or a legacy liability that provides an overhang on the property in question.
Flacks Group works with major global corporations to structure and provide exit solutions for legacy liability or contingent risks such as asbestos, environmental, and toxic tort claims, enabling them to achieve certainty and finality.
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The Flacks Group promise
Complete confidentiality
Solutions that
deliver for all parties
Protection of vital interests such as the parent company brand
Business continuity maintained throughout transaction
Close collaboration with acquired business and employees
Own capital and
deep operational resources
Partners
Flacks Group recently acquired from
Advisors
Lawyers
Arnold & Porter
601 Massachusetts Ave
NW Washington, DC 20001-3743
USA
NW Washington, DC 20001-3743
USA
Baker McKenzie
Bethmannstraße 50-54
60311 Frankfurt am Main
Germany
60311 Frankfurt am Main
Germany
Berger Singerman LLP
1450 Brickell Avenue Suite 1900
Miami, FL 33131
USA
Miami, FL 33131
USA
Dechert
1095 6th Ave New York
NY 10036
USA
NY 10036
USA
DLA Piper
DLA Piper Germany
Maximilianstraße 2
80539 München
DLA Piper Australia
Level 21/240 St Georges Terrace
Perth WA 6000
DLA Piper Poland
Icchoka Lejba Pereca 1
00-849 Warszaw
Maximilianstraße 2
80539 München
DLA Piper Australia
Level 21/240 St Georges Terrace
Perth WA 6000
DLA Piper Poland
Icchoka Lejba Pereca 1
00-849 Warszaw
Freshfields
Hohe Bleichen 7
20354 Hamburg
Germany
20354 Hamburg
Germany
Greenberg Traurig
Greenberg Traurig Netherlands
Hirsch Building, Leidseplein 29
1017 PS Amsterdam
Greenberg Traurig USA
333 SE 2nd Ave #4400
Miami, FL 33131
Hirsch Building, Leidseplein 29
1017 PS Amsterdam
Greenberg Traurig USA
333 SE 2nd Ave #4400
Miami, FL 33131
Hogan Lovells US LLP
390 Madison Avenue
New York, NY 10017
United States
New York, NY 10017
United States
Latham & Watkins LLP
1271 Avenue of the Americas
New York, NY 10020
United States
New York, NY 10020
United States
Morgan Lewis
101 Park Ave
New York, NY 10178-0060
USA
New York, NY 10178-0060
USA
Norton Rose Fulbright US LLP
1301 Avenue of the Americas
New York
10019-6022
United States
New York
10019-6022
United States
Skadden
Taunustor 1
60311 Frankfurt am Main
Germany
60311 Frankfurt am Main
Germany
Weil, Gotshal & Manges
767 5th Ave, New York
NY 10153
USA
NY 10153
USA
White & Case
200 S Biscayne Blvd
Miami, FL 33131
USA
Miami, FL 33131
USA
Accountants
BDO
1450 Brickell Ave 18th floor
Miami, FL 33131
USA
Miami, FL 33131
USA
Ernst & Young
818 18th Ave S Suite 800
Nashville, TN 37203
USA
Nashville, TN 37203
USA
KPMG
Frankenstraße 9
93059 Regensburg
Germany
93059 Regensburg
Germany
PWC
PWC Germany
Alsterufer 1
20354 Hamburg
PWC France
63 Rue de Villiers
92208 Neuilly-sur-Seine
Alsterufer 1
20354 Hamburg
PWC France
63 Rue de Villiers
92208 Neuilly-sur-Seine
Bankers
Our Team
Highly qualified and experienced investment experts
Our team includes a deep bench of experienced legal, operational, and financial executives from around the world. Collectively, this team has hundreds of years of turn-around experience. Our senior leaders have been global chairmen, CEOs, CFOs, and General Counsels of large public and private companies. Flacks Group has the talent and ability to step in and run our companies or partner with in situ management and provide governance oversight and strategic leadership. There are no preconceived notions about the “need” to step in as day-to-day managers and evaluate each situation on a case-by-case basis. We supplement the Flacks Group team with a global team of senior advisors who bring both domain expertise and knowledge along with global connectivity to ensure that our portfolio companies have the opportunity to succeed.
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