Acquisition of the business operations of neue Halberg Guss - ONE SQUARE establishes Acquistion STRUCTURE for Take over by AVIR Guß HOLDING

Munich, 29 November 2018 - AVIR Guß Holding GmbH has signed an agreement through its subsidiaries Gußwerke Saarbrücken GmbH and Gußwerke Leipzig GmbH to take over the business operations of Neue Halberg Guss GmbH within asset deal. As part of this acquisition, all employees of Neue Halberg Guss have the opportunity to work for Gußwerke Saarbrücken and Gußwerke Leipzig.

AVIR Guß Holding was exclusively advised on this transaction by One Square, the leading German restructuring consultancy. The parties have agreed not to disclose the purchase price.

The acquisition by AVIR Guß Holding was implemented through a RIVA structure, which has already proven to be a suitable stabilisation mechanism in other crisis situations.

Dr. Thomas Meichsner (CRO) and Michael Capitain (CFO) will take over the operative management. Both managing directors have extensive experience in the automotive industry.

Following the takeover, AVIR Guß Holding with its subsidiaries Gußwerke Saarbrücken and Gußwerke Leipzig will be one of the largest and most important foundries in Europe and is an important factor in the supply chain for major automotive and engine manufacturers. With the new management, the new owner will initially ensure the immediate stabilisation and financing of the ongoing business operations. In the medium term, the existing investment backlog will be eliminated and the necessary maintenance investments carried out. Gußwerke Saarbrücken and Gußwerke Leipzig are also to be developed into the leading foundry group in Europe.

Gußwerke Saarbrücken and Gußwerke Leipzig have always distinguished themselves through high quality and delivery reliability. This was and is ensured by the commitment of the employees, which goes far beyond the normal level, even in difficult times. This commitment was and is the basis for the continuous and broad support of our customers.

Broad support has also been pledged by the states of Saarland and Saxony, who want to contribute to securing the Saarbrücken and Leipzig locations within the scope of their possibilities.

The One Square team was led by Frank Günther and Wolf Waschkuhn. They were supported by Asmus Ohle (Managing Director, London), Jochen Ihler (Senior Advisor, Frankfurt), Tomas Samel (VP, London), Carsten Biel (VP, Frankfurt), Tilman Gronau (Associate, Frankfurt) and Benjamin Bischoff (Associate, Munich), while CMS Hasche Sigle acted as legal advisor to AVIR Guß Holding.

ABOUT ONE SQUARE ADVISORS

One Square Advisors is the leading independent financial restructuring advisory firm in Germany. Since 2008, we have been offering our clients comprehensive advisory services in the areas of financial restructuring, corporate finance, mergers & acquisitions and innovative trust solutions. As an independent, owner-managed partnership, we maintain our own offices in Munich, Frankfurt and London as well as strong alliances in China, India and the USA.

To date, we have completed more than 200 transactions with a total volume of approximately EUR 15 billion. We support listed companies, family businesses and entrepreneurs, private equity funds, family offices and institutional and private creditors. Although our home market is German-speaking, many of our transactions are cross-border and our clients international. (www.onesquareadvisors.com)

PRESS CONTACT:

One Square Advisors GmbH
Mrs. Stephanie Schmidt-Diederich
Theatinerstrasse 36
80333 Munich, Germany
E-mail: ssd@onesquareadvisors.com

TRANSACTION TEAM:

Frank Günther, Managing Director

Wolf Waschkuhn, Managing Director

Asmus Ohle, Managing Director

Jochen Ihler, Senior Advisor

Tilman Gronau, Associate


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