Berlin, 03.07.2018: An international investor was found for the insolvent MWS Friedrichshafen GmbH. The private equity house Oak Hill Advisors will take over the foundry company with its approximately 285 employees as of September 1st, 2018. The production site in Friedrichshafen will also be retained. The management consultancy Restrukturierungspartner accompanied insolvency administrator Arndt Geiwitz (SGP Schneider Geiwitz) in the international investor process.

MWS Friedrichshafen GmbH had already filed for insolvency at the end of 2016. Business operations have continued uninterrupted since then. Over the past few months, the company has been restructured under the management of the restructuring manager Thomas Kleinhenz and the insolvency administrator Arndt Geiwitz (SGP Schneider Geiwitz). At the same time, a structured investor process was set up with the aim of finding a sustainable solution for the foundry company. The process was accompanied by experts from the Restrukturierungspartner management consultancy.
As part of a structured M&A process, the team of Restrukturierungspartner led by managing directors Burkhard Jung and Werner Warthorst approached a large number of national and international investors. After intensive negotiations with potential investors from Germany and abroad, the final negotiations with the DGH Group, backed by the private equity investor Oak Hill Advisors, were concluded. The parties have agreed not to disclose the purchase price. The DGH Group specialises in the development and production of technically sophisticated aluminium and magnesium die-cast parts for well-known automobile manufacturers.
"Oak Hill Advisors is a financially strong international investor who intends to invest in the company and the Friedrichshafen site in order to modernize production and build it up for the future", emphasize Burkhard Jung and Werner Warthorst.
With the successful sale of MWS Friedrichshafen, the Restrukturierungspartner have once again succeeded in selling a company from the foundry sector in a partially difficult, consolidating market: Other successful M&A mandates from this sector include Lüneburger Eisenwerk GmbH, Luitpoldhütte AG, Hulvershorn Eisengiesserei GmbH & Co. KG, Eisenwerk Böhmer und Co. KG, TCG Herrmann Präzisionsdruckguss GmbH and Gatter KG.
Insolvency administration by SGP Schneider Geiwitz: Arndt Geiwitz (Managing Partner), Dr. Volker von Danckelmann (Lawyer)

Insolvency administration by SGP Schneider Geiwitz: Arndt Geiwitz (Managing Director), Dr. Volker von Danckelmann (Lawyer)

Execution of M&A process on seller side by Restrukturierungspartner: Burkhard Jung (Partner), Werner Warthorst (Managing Director), Merlin Smeenk (Senior Consultant)

 

Press release as pdf (only in German)