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.
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 million |
| Sector: | Component and process plant construction |
| Sales: | EUR 160 million |
| 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.
