Sector: Pipeline Construction
Product Range: Internal / external pipeline construction, complete plants & component manufacturing
Revenue: EUR 13-15 M
Employees: 30-35
Initial Situation
- Family business in operating in self-administration
- Difficult market environment due to demand slump in power plant construction
- Positive future prospects through existing framework contracts with individual customers
- A major contract abroad in a new, related business segment has led to high liquidity losses due to problems on the ground (legal and technical problems)
Procedures and Services
- Support of the investor process in the dual-track procedure in close coordination with the self-administration and the administrator
- Preparation of all relevant transaction documents and elaboration of the specific competencies (mainly welding skills and plant planning)
- Targeted, global approach to companies in this sector and selected financial investors
- Intensive discussions and negotiations with several industry companies
Results
- Successful sale of the company from self-administration to the management and an additional strategic investor
- Participation of the previous managing partners in the new company
- Securing jobs and preserving the site
- Very fast dual-track M&A process (parallel to the insolvency plan) through targeted and structured procedure
Source: Concentro