Network Corporate Finance successfully advised the shareholder of Remy & Geiser GmbH on the sale of the company to the management team and funds managed by Aheim Capital.
Transaction
With effect from 1 January 2008, funds managed by Aheim Capital GmbH (previously Buchanan Capital Partners GmbH), Starnberg, together with an external Managing Director and the existing management team, acquired 100% of the shareholding of Remy & Geiser GmbH in the framework of a combined MBI/MBO.
Target Company
Remy & Geiser GmbH, headquartered in Anhausen (Westerwald, Rhineland-Palatinate) and with additional facilities at Altenfeld and Hinternah (both Thuringia), has, for over a century, specialised in the development, production and sale of primary pharmaceutical packaging materials in plastic, glass tubing and elastomers. Remy & Geiser GmbH is a systems supplier and principally offers complete solutions to pharmaceutical and cosmetic companies. In fiscal year 2008 the company, with more than 250 employees, achieved a turnover of approximately EUR 18 million.
Key Facts
| Transaction value: | not disclosed |
| Sector: | Primary pharmaceutical packaging |
| Sales: | EUR 18 million |
| Employees: | 250 |
| Date: | December 2008 |
Clients
The Managing Partner, Mrs Renate Geiser
The role of Network Corporate Finance
Network Corporate Finance advised the client 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 and financial sponsors 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.
