Network Corporate Finance advised the shareholders on the sale of their 100% holding in Ormecon GmbH, Ammersbek, to Enthone, Inc., a subsidiary of Cookson Group, London, specialising in galvano and surface technology.
Transaction
The shareholders of the company have sold their full holding in Ormecon GmbH, Ammersbek, to Enthone, Inc., which specialises in galvano and surface technology and is a subsidiary of the listed Cookson Group, London. Cookson Group focuses on the ceramics, electronics and precious metals sectors and in 2007 achieved sales of a total of GBP 1.6 billion.
Target Company
Ormecon GmbH was founded in 1996 and focuses on products and services involving organic nanometals developed by the company. These nanometals are used, in particular, for surface coating circuit boards; other products for highly technological applications such as electroluminescence, OLED’s and solar cells are being developed.
Key Facts
| Transaction value: | not disclosed |
| Sector: | Technology |
| Sales: | not disclosed |
| Employees: | 58 |
| Date: | September 2008 |
Clients
Zipperling Kessler & Co., Ammersbek
Emerald Technology Ventures, Zürich / Switzerland
SPG Sustainable Performance Group, Zürich / Switzerland
CDP Capital, Québec / Canada
Future Capital, Frankfurt
Emerald Technology Ventures, Zürich / Schweiz
SPG Sustainable Performance Group, Zürich / Schweiz
CDP Capital, Québec / Kanada
Future Capital, Frankfurt
The role of Network Corporate Finance
Network Corporate Finance advised the clients and the company on the structure and execution 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, negotiated the economic aspects of the sale and purchase agreement and secured compliance with the closing conditions.
