#REUTHER

Network Corporate Finance has acted as exclusive transaction adviser for the takeover of all shares in Chemie- und Tankanlagenbau Reuther GmbH from HENDRICKS Industries Ltd., through a buyout involving the management and a group of private investors.

#Key data

Industry: Industrials
Client: REUTHER
Project type: M&A
Description: Sale to investors and management
Date: March 2010

Transaction

A group of investors associated with former owner Dr. C.-F. Reuther and CEO Finn Melgaard has reacquired all shares in Reuther GmbH from US-American Hendricks Industries, as the Hendricks Group decided to divest itself from non-core business activities after revising its strategic focus. Among others this included Hendricks’ wind energy plant and tower engineering business. Besides the financing of the purchase price, this transaction consisted primarily of restructuring the working capital financing of Reuther GmbH.

 

Target Company

Reuther GmbH is a leading manufacturer of towers and other steel items for wind power plants, as well as special devices and installations, such as tanks for hydrogen and all chemical media. Reuther provides tailor-made components for the energy industry and facilities for environmental technology. The company has a long-standing tradition at its site in Fürstenwalde/Brandenburg, and within the last ten years has grown to become a highly specialised and reliable manufacturer of key components for the wind energy industry, also supplying custom solutions to its clientele.

 

Key facts

Transaction value: not disclosed
Sector: Industrial Plant and Component Engineering for the Wind Energy Industry
Sales: EUR 25 million
Employees: approx. 180
Date: March2010

 

Client

Former shareholders, management and private investors

 

The role of Network Corporate Finance

Network Corporate Finance has advised the clients and the company on the preparation and implementation of the transaction. After creating an integrated budgeting, Network Corporate Finance structured and acquired bank financing for the transaction, moderated contract discussions between the parties and negotiated economic key terms of purchase and sale agreement, as well as ensured concluding adherence to the closing requirements.

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