![[Translate to English:] Biebighäuser Imperial Auto Deal](/fileadmin/user_upload/News/imperial-biebighaeuser.png "[Translate to English:] Biebighäuser Imperial Auto Deal")
Imperial Auto Germany takes over Metallwerk Biebighäuser and saves 343 jobs
Metallwerk Biebighäuser GmbH was founded in 1932 and supplied the first pipe fittings to the automotive industry in 1948. The company develops and produces media-conveying pipes for the oil, water and vent management of drive systems as well as highly integrative functional parts for numerous other applications for automotive manufacturers. In the recent past, the service portfolio has been expanded to include media-conveying pipes in electrified vehicles, such as coolant lines for power electronics, hydrogen lines for fuel cell technology, lines for battery thermal management, and conventional oil and coolant lines for combustion engines in hybrid drives.
In the fiscal year 2022, Metallwerk Biebighäuser GmbH (MB) was able to achieve a total output of up to 39 million euros at the location in Leverkusen, Germany.
At the beginning of 2023, the company filed for insolvency under self-administration.
The company was stabilized after insolvency proceedings were opened and business operations continued without restrictions. Thanks to the loyalty of its customers, suppliers and employees, the company was successfully restructured.
The sale to Imperial Auto Germany GmbH - a subsidiary of the Indian Imperial Auto Industries Limited - has now secured the long-term continuation of the company. The development and production site in Leverkusen will be retained. As, in addition to the main company, a subsidiary in Leverkusen and a sister company in Slovakia are also part of the transaction. A total of around 470 jobs were saved in Europe.
As part of the self-administration proceedings, the management of Metallwerk Biebighäuser GmbH led by Sandra Pirngruber and Ulrich Potthast was supported by the lawyers Prof. Dr. Peter Neu, Oliver Teubler and Thorsten Kapitza (ATN d'Avoine Teubler Neu Rechtsanwälte) as advisors to the self-administration and by TMC Turnaround Management Consult GmbH (Andreas Knaup and Claus Keller) as restructuring consultants. The experienced restructuring expert lawyer Philip Schober, partner in the law firm Brinkmann & Partner, was appointed as custodian.
The sales process was accompanied by CVM Capital Value Management GmbH.
Team CVM: Kai Peppmeier (Managing Partner), Oliver Lewin (Project Manager)
In addition to the insolvent Metallwerk Biebighäuser GmbH (MB), the non-insolvent subsidiary Biebighäuser Kunststofftechnik GmbH (BKT) was integrated into the process. Biebighäuser Kunststofftechnik GmbH is responsible for a wide range of plastic applications within the Biebighäuser Group.
Biebighäuser Slovakia s.r.o., the non-insolvent sister in Slovakia, was sold concurrently with the sales processes of Metallwerk Biebighäuser GmbH and Biebighäuser Kunststofftechnik GmbH. Biebighäuser Slovakia is experienced in aluminum brazing and welding. In 2022, the company generated a total output of 8.5 million euros with around 123 employees.
All three companies were sold to Imperial Auto Germany GmbH, Pleidelsheim.
About Imperial Auto:
Imperial Auto is the largest manufacturer of fluid transfer products in India and has more than 20 manufacturing facilities in India, USA and Germany. The company supplies all major OEMs in India in the passenger vehicle, two-wheeler, commercial vehicle, construction machinery and agricultural equipment sectors and has a growing portfolio of major export customers. Since 2022, Imperial Auto has been part of the US private equity firm Warburg Pincus.
www.imperialauto.in
About Warburg Pincus:
Warburg Pincus was founded in New York City in 1966. Since then, Warburg Pincus has launched 23 investment funds and has invested in over 1,055 companies in more than 40 countries. The company currently has over 117 billion dollars in assets under management.
----------------------
About ATN d'Avoine Teubler Neu Rechtsanwälte:
ATN is a business law firm based at several locations in North Rhine-Westphalia with over 100 employees and special expertise in restructuring and insolvency administration. According to Wirtschaftswoche, ATN is one of the top law firms in Germany in this field.
About TMC Turnaround Management Consult GmbH:
TMC Turnaround Management Consult GmbH ("TMC"), with offices in Dortmund, Wuppertal, Berlin and Bonn, has specialized in advising companies in turnaround situations for over 25 years. Its core competencies include reorganization and restructuring consulting, interim and risk management, distressed M&A as well as company sales and valuations.
About Brinkmann & Partner:
Brinkmann & Partner was founded in Hamburg in 1980 and is now represented by 29 branches in all of Germany's business centres. Special emphasis is placed on the personal support of clients on site by a partner and his team. Thanks to its entrepreneurial approach, Brinkmann & Partner has acquired a leading reputation in the restructuring of companies and, with over 20 administrators, is one of the largest German insolvency administrator firms.
About CVM Capital Value Management GmbH:
Capital Value Management GmbH ("CVM") is a transaction consultancy and an independent corporate finance advisory firm for companies in special, transitional and restructuring situations. The focus is on supporting transactions for medium-sized companies in industry, trade and services with a sales volume of between €10 million and €250 million. CVM plans, accompanies and coordinates the entire M&A process in close cooperation with the client's tax and legal advisors.
![[Translate to English:] Biebighäuser Imperial Auto Deal](/fileadmin/_processed_/d/2/csm_imperial-biebighaeuser_16a576dc61.png "[Translate to English:] Biebighäuser Imperial Auto Deal")