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.
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 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.
