Pipe fittings specialist

DEAL FLASH:

Oaklins’ team in AustriaDF advised the shareholders of Erne Fittings Group GmbH (Erne Group) on the sale of the entire group of companies to a private investment consortium.

The team prepared all the transaction documentation and collected non-binding offers during the international market approach via Oaklins’ worldwide teams. After preparing the data room, the Austrian team steered the process through the due diligence phase, including an intensive Q&A process. The binding offers were negotiated with two bidders, which were top ranked by the client, and the best fitting investor was found. Prior to the sale and the capital increase, the team advised Erne Group on restructuring/financing issues and the implementation of various optimization measures.

Read more about the transaction, market trends, deal drivers and M&A valuation aspects.