Michael Flacks

Michael Flacks is the CEO of the Flacks Group, a US-based investment fund known for specializing in the turnaround of distressed companies. Recently, he has been in the news for expressing interest in acquiring Thyssenkrupp Steel Europe, Germany's largest steel producer, amidst its ongoing crisis. Flacks indicated that his firm is prepared to make an offer should negotiations between Thyssenkrupp and the Indian rival Jindal Steel not reach a successful conclusion.