Since his appointment as provisional insolvency administrator, Prof. Dr. Flöther has been examining all turnaround options for Calyxo GmbH, employing 155high qualified members of staff at its site in Bitterfeld-Wolfen, Germany. The objective is a sale to an investor to enable the long-term and stable continuation of the high-tech company.
As part of the investor process, numerous potential investors have already been identified and approached by the Restrukturierungspartner team of experts under director Dr. Robert Tobias. During the upcoming weeks, interested parties are invited to examine Calyxo’s highly modern and innovative solar module development and production in depth before drawing up and submitting an overall concept including takeover offer. They have until mid May 2018 to submit a binding offer.
"The German solar industry is still in difficulties. But we are – despite this tough market environment – confident that we will find an investor for Calyxo. The CdTe solar module manufacturer has an advanced technology that is well established in over 50 countries and both profitable and competitive worldwide," reports Dr. Tobias.
Calyxo GmbH is one of the leading German manufacturers of highly innovative Cadmium Telluride (CdTe) thin-film solar modules and a provider of turn-key system solutions. Since its foundation in 2005 at the "Solar Valley" location in Bitterfeld-Wolfen the company has grown continuously. The loss of a major order, however, has left the solar module manufacturer in financial difficulties. In April the Calyxo management applied for insolvency proceedings. The competent local court in Dessau-Roßlau appointed Prof. Dr. Lucas F. Flöther as the preliminary insolvency administrator to continue the company’s business operations on an unchanged basis.
M&A Consultants (Sell Side)
Restrukturierungspartner: Dr. Robert Tobias (Director), Nicolas Knop (Manager), Dr. Fabian Meißner (Senior Consultant), Martin Pfefferlein (Consultant), Thomas Schepe (Consultant)
Flöther & Wissing: Prof. Dr. Lucas F. Flöther