Nanyang Guoyu Seal Development Co., Ltd (Guoyu Seal) An integrated enterprise which masters the core technology and holds a leading position in the field of automotive sealing elements in China, with a turnover of RMB 180 Mio. (2012)
Project Outline
· Buyer: Nanyang Guoyu Seal Development Co., Ltd · Seller: Insolvency administrator Martin Lambrecht · Target: German manufacturer of the biggest tower crane in Europe and worldwide leading crane rental company WILBERT Group, which consists of WILBERT Turmkrane GmbH (turnover: 24.6 Mio. Euro (2012)), WILBERT Kraneservice GmbH (turnover: 42.4 Mio. Euro (2012)), WILBERT Montage GmbH and the real estate company Amalfi under WILBERT Turmkrane GmbH. · Our service: successful support through the whole M&A process as the exclusive M&A buyer consultant, including formation of the acquisition structure, company valuation, preparation of the indicative offer, coordination of the Due Diligence, and negotiation with the seller and banks. · Contract signed in February 2014 · Closing on 31st May 2014.
Highlights
· Transaction price was far lower than the acquired assets size · Substantially reduced the financial burden of the target company through successful negotiations with financial institutions · Successful restructuring of bankrupt enterprise
