|ICFG Germany finds a buyer for recyplast|
|Target Company Name||recyplast GmbH|
|Buyer Name / MBO Team / MBI Team||con-pearl GmbH / Blue Cap AG|
ICFG member in Germany, Wintergerst Societät für Unternehmer-Beratung, has successfully advised recyplast GmbH on their acquisition by con-pearl GmbH, part of the private equity company Blue Cap AG.
Based in Geismar, Thuringia, recyplast GmbH is the first operating company of the FISCHER GROUP for which Wintergerst, acting under engagement from the insolvency administrator, Dr. Dirk Pehl from Schultze & Braun, has identified an investor within the framework of a structured bidding process. The engagement was particularly challenging: the order situation of the manufacturer of regranulates and shred from various plastics has been weak recently. Due to the opening of the insolvency proceedings scheduled for 1 April 2021 there was great time pressure and the rental agreements for the production and office spaces were terminated months ago.
Recyplast GmbH manufactures light-weight plastic products, mainly for the packaging and automotive industry. It is part of the portfolio of Blue Cap AG, a Munich-based financial investor that intends to further develop the mid-cap company. The takeover of recyplast supports the planned expansion strategy.
Christian Scharfenberger, who led the project from Wintergerst, commented:
“Despite the difficult economic situation of recyplast GmbH we were able to demonstrate strategic added-value for potential investors on the basis of the attractive location and official permissions as well as the possibilities available for expansion. Con-pearl GmbH was convinced of the advantages: experienced employees, the regional location with good highway connections and, in particular, the operating license under the Federal Immission Protection Act (Bundes-Immissionsschutzgesetz) that enables further expansion of the location.”
Dr. Dirk Pehl from Schultze & Braun commented:
“I am pleased that the first operating subsidiary of the FISCHER GROUP could be taken over in such a fast and effective way, securing both the production location and the jobs.”
Volker Wintergerst, founder and president of Wintergerst Societät für Unternehmer-Beratung added:
“Our outstanding process and transaction experience as well as our excellent knowledge of the recycling industry helped us to plausibly demonstrate the strategic benefit to investors. In this way, we rapidly found a suitable buyer that provides recyplast a secure future.”
|ICFG Office||Stuttgart, Germany|
|ICFG Advisory||ICFG Germany advised on this deal in April 2021|