STRUCTURED SALES PROCESS
On 13th January 2021, the management of Cantec filed for insolvency in self-administration. The local court of Essen appointed Mr. Nils Meißner as the provisional administrator. Dr. Marc d'Avoine and Mr. Paul Michels of ATN D'Avoine Teubler Neu Rechtsanwälte were responsible for advising the management on insolvency law.
The team of CVM around managing partner Kai Peppmeier was exclusively mandated on 27.01.2021 by the management of Cantec as well as the preliminary creditors' committee to set up a structured M&A process. Due to the successful collaboration with ATN D'Avoine Teubler Neu Rechtsanwälte, CVM has successfully sold the Cantec GmbH & Co. KG. Both the administrator and the provisional creditors' committee approved the sale.
CVM Team: Kai Peppmeier (Managing Partner), Oliver Lewin (Senior Consultant), Maximilian Bucher (Consultant)
Cantec GmbH & Co. KG was sold to Soudronic AG with effect on 1th July 2021. The acquirer is the original parent company. The Swiss-based AG specializes in the development, manufacture and installation of industrial welding technologies. The product portfolio is assigned to the metal packaging sector and ranges from individual components to complete systems. Around 600 employees work at the production sites in Switzerland, France, Italy, Germany and China.
ATN D'Avoine Teubler Neu Rechtsanwälte is an internationally oriented law firm active in the fields of reorganization, restructuring, legal advice and insolvency administration. It has 10 offices in Wuppertal, Remscheid, Solingen, Ratingen, Cologne, Siegen, Hagen, Bochum, Essen and Oberhausen and advises private and public companies as well as committees, freelancers and private individuals in legal matters (in particular commercial law).
GÖRG is an independent commercial law firm based in Germany, specializing primarily in insolvencies and reorganizations as well as in core areas of commercial law. More than 300 lawyers and tax advisors with many years of national and international consulting experience work at GÖRG's five offices in Berlin, Frankfurt am Main, Hamburg, Cologne and Munich. GÖRG's clients include many well-known domestic and foreign companies, medium-sized enterprises as well as financial investors and listed corporations from all sectors of the economy and the public sector.
Capital Value Management GmbH (“CVM”) provides operational and independent corporate finance consultancy to companies going through transitional or restructuring processes as well as other exceptional situations. CVM has offices in Dortmund and Berlin. CVM’s focus is on guiding the transactions of medium-sized companies in industry, trade and services with a sales volume between € 10 and € 250 million. CVM designs, supports and coordinates the entire M&A process in close cooperation with the clients’ tax and legal advisors.