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.
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: | 1.028 |
| 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.
