KHAN Anlagenbau has been active on the market for over 36 years and has established itself during this time as a specialist provider for the construction and maintenance of industrial plant and piping systems. Furthermore, the company offers its customers services such as manufacturing and planning as well as employee leasing in the field of plant and pipeline construction.
Due to its high quality standards and decades of experience, KHAN has firmly established itself in the market. The company has excellent customer references, especially in the petrochemical, chemical, food and power plant/energy sectors.
In 2021, the company generated sales of approximately EUR 6.3 million with around 90 employees. Despite the insolvency proceedings, the company has a basically functioning business model.
STRUCTURED SALES PROCESS
In April 2022, the management filed an application with Münster Local Court to open insolvency proceedings in self-administration. In July 2022, the insolvency proceedings were opened and a structured investor process was initiated. During the proceedings, the management was accompanied by the attorney Heinrich Stellmach and supervised by the responsible administrator Stephan Michels.
The management mandated the team of CVM Capital Value Management GmbH around Managing Partner Kai Peppmeier to conduct a structured M&A process. Despite a very tense market situation caused by the Corona pandemic and the Ukraine war, CVM succeeded in selling significant parts of the company and preserving jobs in close cooperation with the parties involved in the process.
Team CVM: Kai Peppmeier (Managing Partner), Oliver Lewin (Senior Consultant)
Khan Anlagenbau GmbH was sold to GTP Industrie - Rohrleitungsbau GmbH. The shareholders and the management of GTP have many years of experience in plant and pipeline construction. The acquirer will restructure the company in a stable manner and offer the remaining employees a future-proof and attractive job.
Michels Wilmes Rechtsanwälte PartGmbB is a medium-sized business law firm with regional roots. In addition to its headquarters in Münster, the firm has eight other offices throughout Germany.
For more than 40 years, the law firm Stellmach & Bröckers has been offering qualified services in the business field of reorganization and restructuring for companies that find themselves in financial or economic difficulties. In addition to its headquarters in Bocholt, the firm has three other offices in western Germany.
Capital Value Management GmbH ("CVM") is a transaction advisory firm and an independent corporate finance consultancy for companies in special, transitional and restructuring situations. The focus is on supporting transactions of medium-sized companies from industry, trade and services with a sales volume between € 10 and 250 million. CVM designs, accompanies and coordinates the entire M&A process in close cooperation with the client's tax and legal advisors.