Frankfurt am Main, 22 June 2020
SKYE PARTNERS advised the majority shareholder of apt group, GP Holding GmbH (“GP Holding”), the Family Office of the institutional investor Guido Pühse, on the sale of apt group to the Chinese Mengtai Group. The parties have agreed not to disclose the terms of the transaction.
GP Holding indirectly acquired the majority of apt Group (or “apt”) from the Chinese Sedant Roba Group in 2018 as part of a leveraged finance transaction. apt is one of the leading companies in the European aluminum industry. The group manufactures and refines high-quality aluminum profiles at four locations and supplies well-known customers from the areas of construction / architecture, transport, automotive and industries, particularly in Germany, the Netherlands and Belgium. The added value ranges from co-engineering to the extrusion of aluminum, further mechanical processing, to surface finishing and assembly of ready-to-install parts. With an extrusion capacity of approx. 80,000 tons of aluminum profiles at the Monheim and Roermond (NL) locations, own anodizing and powder coating systems at the Monheim, Roermond (NL) and Eckental locations with an annual capacity of 6.0 million m² and a capacity for mechanical processing of approx. 15,000 tons, apt group is one of the largest manufacturers in Europe. The group employs approximately 1,000 people and has a turnover of approximately EUR 250 million.
The Mengtai Group is a family-run group of companies with its headquarters in Ordos, Inner Mongolia, China, which, with over 5,000 employees, generated sales of around EUR 1.7 billion in 2019. The group was founded in 2011 and is already one of the ten largest companies in Inner Mongolia. Mengtai has its roots in coal production with a production capacity of 30 million tons per year. In the past few years, the founding family has driven the company’s development into a diversified group with a downstream focus for the Chinese market. Today Mengtai is a group of companies with the fields of coal, electricity production and district heating as well as production of primary aluminum with an annual production capacity of 500 thousand tons per year.
SKYE PARTNERS‘ team specializing in M&A and private equity has advised GP Holding on several occasions in connection with their corporate transactions. Most recently, SKYE PARTNERS advised GP Holding on the sale of Oskar Nolte Group, together with the Italian private equity investor Ambienta, to Peter Moerle Holding, Hamburg.
SKYE PARTNERS advised GP Holding on the legal and tax issues required for the transaction, in the areas of leveraged finance, corporate ring fencing and on the management of the transaction
Advisors to GP Holding:
SKYE PARTNERS, Frankfurt a.M.: Holger Scheer (Lead), Sandra Brieske, Christoph Breithaupt, Jana Kalbfleisch, Julia Rosigkeit, Lisa Schulte (all M&A / private equity); Jutta Schneider (Tax & Structuring); Christian Abel, Britta Pancek, Borislaus Baron and Rene Schulz (all corporate restructuring – PwC Legal); Hendrik Muschal (labor law, fellaws); Christoph Hermann (antitrust law – v.Einem).
Advisors to Minority Shareholders:
CMS Hasche Siegle, Düsseldorf: Ernst-Markus Schuberth and Maximilian Hacker (Corporate / M&A)
Dentons, Frankfurt a.M.: Christoph Papenheim and Lin Liu (Corporate / M&A)
Advisors to Mengtai Group:
HEUKING KÜHN LÜER WOJTEK, Düsseldorf/München: Bodo Dehne (Lead), Boris Dürr and Sen Gao (all Corporate / M&A).
Holger Scheer – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de)
is active since 1 February 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and restructuring. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for generating added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.