Network Corporate Finance has advised Anhydro Holding A/S, Denmark, a portfolio company of Nordic based CapMan Buyout Fund, on the sale of its holdings in Anhydro GmbH, Kassel, Germany, and Anhydro UK Holding Ltd., Great Britain, to Magbel SA, a company of French Maguin SAS specialising in process technology and plant construction.
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Transaction
The shareholder of Anhydro GmbH, Kassel, Germany, and Anhydro UK Holding Ltd., Tonbridge, Great Britain, has fully divested its shares in both companies to Magbel SA, a company of Maguin SAS, St. Quentin, France, which is specialised in process technology and plant construction. Maguin SAS is part of the French Moret Industries Group.
Target company
The German entity, founded in 1930 as Vetter Maschinenfabrik GmbH, specialises in the design, development and manufacturing of drying solutions as well as dewatering plants and equipment, while Anhydro UK Holding has been concentrating on evaporation equipment since 1981. The Company’s main customers are the international ethanol, starch and brewery industries.
Key facts
Transaction value: not disclosed
Sector: Technology
Sales: not disclosed
Employees: 85
Date: July 2010
Client
Anhydro Holding A/S, Søborg / Dänemark
The Role of the Network Corporate Finance
Network Corporate Finance advised the client on the structure and consummation of the sales process. Following the preparation of the transaction documents, Network Corporate Finance approached selected strategic investors within the framework of a supervised auction, coordinated the due diligence conducted by a limited number of interested parties, and negotiated the economic aspects of the sale and purchase agreement.
Additional Info
- Client Anhydro GmbH & Anhydro UK Holding Ltd.
- Project M&A
- Date Jul 10
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.
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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: March 2010
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.
Additional Info
- Client Chemie- und Tankanlagenbau Reuther GmbH
- Project M&A
- Date Mar 10
Network Corporate Finance successfully advised the shareholder of Borsig Beteiligungsverwaltungs GmbH on the sale of 100% of the shareholding in the company to KNM Group Berhad.
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Transaction
With effect from 1st January 2008, KNM Process Systems Sdn. Bhd., Malaysia, wholly owned subsidiary of the listed KNM Group Berhad, has purchased a 100% share in Borsig Beteiligungsverwaltungs GmbH based in Berlin, from the investment fund holders advised by capiton AG, Berlin, and the management.
Target company
Borsig Beteiligungsverwaltungsgesellschaft mbH is the holding company of Borsig GmbH.
Borsig GmbH ("Borsig") headquartered in Berlin is a German company with a great tradition in component and process plant construction. Under the brand name introduced over 170 years ago, Borsig is involved in development, manufacture, installation and maintenance components and process plant construction within the chemical and petrochemical industries. Borsig operates globally with an export share which regularly exceeds 80 %.
Key facts
Transaction value: EUR 350 Mio.
Sector: Component and process plant construction
Sales: EUR 160 Mio.
Employees: 460
Date: March 2008
Client
Investment fund holders advised by capiton AG, Berlin, and the Borsig management.
Capiton is an independent, owner-controlled private equity company managing a fund volume of approx. € 436 million. At present, capiton AG’s portfolio consists of 12 medium-sized companies.
The role of Network Corporate Finance
Network Corporate Finance advised the clients and the company on the preparation and execution of the selling process. Following the preparation of the transaction documents, Network Corporate Finance, within the framework of a supervised auction, approached specific, internationally-known strategic investors and financial investors, provided the due diligence to a limited number of interested parties and negotiated the economic key points of the sale and purchase agreement.
Additional Info
- Client KNM Group Berhad
- Project M&A
- Date Mar 08
Network Corporate Finance advised the shareholders of Eduard Küsters Maschinenfabrik GmbH & Co. KG on the sale of 100% of the shareholding, including all of their national and international subsidiaries, to Jagenberg AG.
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Transaction
The shareholders of Eduard Küsters Maschinenfabrik GmbH & Co. KG, Krefeld, have sold 100% of the shareholding, including all of their national and international subsidiaries, to the listed company Jagenberg AG, Krefeld.
Target company
As an international company, Küsters develops, manufactures and sells machines and installations for the manufacture and finishing of textiles, non-woven fabrics and paper. With six sites in Germany, USA, India and China and 1028 employees, projected sales for the company group for 2005 were over 150 million EUR. The parent company, Eduard Küsters Maschinenfabrik GmbH & Co. KG, employs 615 staff at its headquarters in Krefeld.
Key facts
Transaction value: not disclosed
Sector: Machine building
Sales: EUR 150 million
Employees: 1028
Date: August 2005
Client
15 members of the Küsters family, all of them shareholders of Eduard Küsters Maschinenfabrik GmbH & Co. KG
The role of Network Corporate Finance
Network Corporate Finance advised the clients on the preparation and implementation of the selling process. After preparing the information memorandum, a management presentation and the time frame, in connection with a supervised auction Network Corporate Finance approached specific, potential strategic investors and financial investors, provided the due diligence to a limited number of interested parties and finally discussed the economic key points of the sale and purchase agreement.
Additional Info
- Client Jagenberg AG
- Project M&A
- Date Aug 05
Network Corporate Finance advised RWE Solutions AG on the sale of their subsidiary company RWE Mechatronics GmbH to the German equity investment company VTC Partners GmbH.
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Transaction
In a share deal, RWE Solutions AG sold its 100% subsidiary RWE Mechatronics GmbH, Mechernich, Germany, to VTC Partners GmbH, an independent equity investment company focusing on the acquisition and further development of fast-growing, medium-sized companies.
Target company
RWE Mechatronics GmbH is a leading German engineering and production partner for OEM clients. The company develops customised equipment and systems based on sheet-metal, welded, glued and hydro-formed structures, that are produced and assembled using the latest automation and control technology in both small-scale and medium-scale batch production.
Key facts
Transaction value: not disclosed
Sector: Machine building
Sales: EUR 66 million
Employees: 541
Date: May 2005
Client
RWE Solutions AG is a part of the RWE Group, one of the leading power and water utilities in Europe and the USA.
The role of Network Corporate Finance
Network Corporate Finance was the exclusive advisor to the clients during the preparation and implementation of the selling process. After preparing the information memorandum, a management presentation and the time frame, in connection with a supervised auction Network Corporate Finance approached specific, potential strategic investors and financial investors, provided the due diligence to a limited number of interested parties, and finally, discussed the sale and purchase agreement.
Additional Info
- Client Mechatronics GmbH
- Project M&A
- Date May 05
Network Corporate Finance advised RWE Solutions AG on the sale of their subsidiary RWE Piller GmbH to the British company Langley Holdings.
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Transaction
In a share deal, RWE Solutions AG sold its 100% shareholding in RWE Piller GmbH, Osterode am Harz, Germany, to Claudius Peters Technologies GmbH, a subsidiary of Langley Holdings plc, Nottinghamshire, UK.
Target company
RWE Piller GmbH is a world-leading machine construction company for system solutions for the provision of high-quality power, as well as uninterruptible power supply systems (UPS). With its head office and production facilities in Osterode am Harz and subsidiaries in France, Italy, Spain, Great Britain, the USA and Australia, the company delivers system solutions for industrial applications, computer centres, telecommunications and aviation.
Key facts
Transaction value: not disclosed
Sector: Machine building
Sales: EUR 126 million
Employees: 745
Date: December 2004
Client
RWE Solutions AG is a part of the RWE Group, one of the leading power and water utilities in Europe and the USA. As service provider in the RWE Group, RWE Solutions AG is responsible for the planning, construction and management of the technical infrastructure for utilities.
The role of Network Corporate Finance
Network Corporate Finance advised the clients on the preparation and implementation of the selling process. After preparing the information memorandum, a management presentation and the time frame, in connection with a supervised auction Network Corporate Finance approached specific, potential strategic investors and financial investors, provided the due diligence to a limited number of interested parties, and finally discussed the sale and purchase agreement with Langley Holdings plc.
Additional Info
- Client Langley Holding
- Project M&A
- Date Dec 04
Network Corporate Finance advised the fund holders serviced by capiton AG on the purchase of all assets of Borsig GmbH under a management buy-out.
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Transaction
In the course of a management buy-out, fund holders serviced by capiton have acquired all assets of the insolvent company Borsig GmbH, Berlin, Germany, from the insolvency administrator.
Target company
Borsig is one of the most traditional Berlin system builders and mainly manufactures process engineering equipment and components for the chemical and petrochemical industries. With an export share of more than 80%, the company has a presence in all leading raw materials and processing markets worldwide.
Key facts
Transaction value: not disclosed
Sector: Industrial plant construction
Sales: EUR 60 million
Employees: 263
Date: June 2003
Client
capiton AG is one of the most successful German investment advisory companies and mainly concentrates on buy-outs and investments in medium-sized companies, as well as group spin-offs.
The role of Network Corporate Finance
Network Corporate Finance presented the transaction to capiton AG and advised it on the purchase.
Additional Info
- Client Borsig AG
- Project M&A
- Date Jun 03