Schmidt Anlagentechnik was a long-standing partner in plant construction and pipeline construction for the major steel manufacturers, especially in NRW. The experienced, long-standing workforce and good products were in demand from customers – but less frequently and at lower prices. The high cost pressure and increasing demands for flexibility on the part of customers could no longer be compensated and financial resources were exhausted. Other business areas had not been developed.
It was no longer possible to reposition the company under its own steam. Therefore, an insolvency petition was filed in self-administration. As part of an insolvency plan procedure, internal restructuring tasks were carried out (outsourcing and staff reduction, termination of permanent debt relationships that were not (no longer) required) and an acquirer was sought who would not only bring in fresh capital but also new customers and areas of application. Close and trustful communication with the trustee, customers, employees/works council and the main creditor were among the key success factors.
After two months in the initiated proceedings, the identified measures were fully implemented and an insolvency plan was submitted. As part of a share deal, the business operations were sold to a strategic investor who, in addition to capital and administrative synergies, also brought new customers and areas of application. The future of the company as well as the jobs for the vast majority of the employees and last but not least an important supplier for the customers could be maintained.
Our team was asked to advise a Venture Capital Fund to assist in the process of financing a young but established company. The company was a B2B software company with numerous customers seeking growth financing.
Our team advised a German family-owned automotive Group in connection with a supplier health check analysis.
Our team advised a telecommunication company in connection with the sale of its passive infrastructure to an infrastructure fund.
Our team advised a German MidCap Private Equity Firm in connection with the acquisition of a personnel leasing company.
REORGANISATION OF A COMMUNAL SERVICE PROVIDER | In this project, a municipal real estate service provider faced various challenges: historically grown structures had led to inefficient processes.
ACCOMPANYING A FINANCIAL INVESTOR IN THE PURCHASE OF A COMPANY | Finding innovative solutions involving the interests of the seller and the main creditor or supplier in a restructuring environment
The business magazine brand eins has once again named Valetis 2023 as one of the best management consultancies.
