Network Corporate Finance has acted as exclusive transaction adviser for the takeover of all shares in Chemie- und Tankanlagenbau Reuther GmbH from HENDRICKS Industries Ltd., through a buyout involving the management and a group of private investors.

Transaction

A group of investors associated with former owner Dr. C.-F. Reuther and CEO Finn Melgaard has reacquired all shares in Reuther GmbH from US-American Hendricks Industries, as the Hendricks Group decided to divest itself from non-core business activities after revising its strategic focus. Among others this included Hendricks’ wind energy plant and tower engineering business. Besides the financing of the purchase price, this transaction consisted primarily of restructuring the working capital financing of Reuther GmbH.

Target Company

Die Chemie- und Tankanlagenbau REUTHER GmbH ist ein führender Hersteller von Türmen und sonstigen Stahlelemente für Windkraftanlagen sowie Spezialapparaten und Anlagen, wie Tanks für Wasserstoff und alle chemischen Medien. REUTHER liefert passgenaue Elemente für die Energiewirtschaft und Anlagen für die Umwelttechnologie. Das Unternehmen blickt auf eine langjährige Geschichte am Standort Fürstenwalde/Brandenburg zurück und hat sich als hoch spezialisierter und zuverlässiger Hersteller von zentralen Komponenten der Windenergie-Industrie etabliert. Das Unternehmen erwirtschaftet mit ca. 180 Mitarbeitern gut EUR 25 Mio. Umsatz.

Key Facts

Transaction value:not disclosed
Sector:Industrial Plant and Component Engineering for the Wind Energy Industry
Sales:EUR 25 million
Employees:approx. 180
Date:March 2010

Client

Former shareholders, management and private investors

The role of Network Corporate Finance

Network Corporate Finance has advised the clients and the company on the preparation and implementation of the transaction. After creating an integrated budgeting, Network Corporate Finance structured and acquired bank financing for the transaction, moderated contract discussions between the parties and negotiated economic key terms of purchase and sale agreement, as well as ensured concluding adherence to the closing requirements.

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