Calyxo

General information

Industry:

solar modules

Employees:

approx. 160

Turnover:

roughly EUR 5 million

Region:

international

Initial situation

Calyxo GmbH, based in Bitterfeld-Wolfen, was a leading German manufacturer of innovative CdTe thin-film solar modules. The company experienced payment difficulties due to the loss of a major order. Former technology partner Solar Fields had taken over ownership of Calyxo GmbH from the former Q-Cells SE in February 2011 and was no longer willing to make up for the losses. The provisional insolvency administrator Prof. Dr. Lucas Flöther commissioned Restrukturierungspartner to conduct a structured bidding process in order to find a suitable investor for the business.

The provisional insolvency administrator Prof. Dr. Lucas Flöther commissioned Restrukturierungspartner to conduct a structured bidding process in order to find a suitable investor for the business.

Services

In the context of a three-month M&A process, Calyxo GmbH was sold to the strategic investor TS Group GmbH. Restrukturierungspartner coordinated the entire transaction process, which included:

• Researching and approaching investors
• Management presentations
• Support during due diligence
• Purchase contract negotiations with investors