Sale of a Leading German Manufacturer of Grabs
CIGP successfully advised the shareholders of Salzgitter Maschinenbau AG (“SMAG Holding”), a German-headquartered industrial group active in specialist plant and engineering construction, on the sale of 100% of their stake to AEQUITA, a Munich-based investment group.
Transaction Highlights
CIGP acted as the joint sell-side advisor, together with its European network partner, on the cross-border sale of SMAG Holding and especially one of its subsidiaries, PEINER SMAG Lifting Technologies GmbH.
PEINER SMAG Lifting Technologies GmbH focuses on the design and manufacture of loading equipment with factories across Germany, China and India.
AEQUITA is an investment group based in Munich, Germany that invests in European companies that are facing special situations such as carve-outs, succession issues or a transformation.
Role of CIGP
Business plan review, presentation assistance, and due diligence coordination: CIGP leveraged its experience in sophisticated cross-border M&A transactions to assist the Chinese management in preparing business plan forecasts and management presentation, ensuring seamless on-site due diligence and Q&A with potential acquirers.
Cultural gap bridge: With a base in Hong Kong and Chinese speaking professionals, CIGP bridged the cultural gap between the managements of Germany and China, ensuring an efficient and effective communication within a global operation.
