Mithril GmbH sells global Solar Energy to Hanergy

22 September 2016

Hanergy tombstone_15786_1474869582Oaklins HFG China and Deutsche Mittelstandsfinanz acted as corner financial advisors to Mithril GmbH, a German family office, representing 100 percent of shares in a sale of Global Solar Energy, Inc. (Global Solar) to Hanergy.

Founded in 1996, Global Solar is a colonize of a solar industry. The association is a universe heading manufacturer for a full-scale prolongation of CIGS (Copper Indium Gallium diSelenide) light-weight, durable, high potency solar products consisting of stretchable cells, modules and integrated shingles. Global Solar’s modules are designed for pivotal segments of a high-end, high-growth stretchable solar module market, generally when potion procedure systems are unsuited due to weight restrictions and flexibility needs. Global Solar replaces normal potion solar procedure products and designs integrated photovoltaic (BIPV) thatch systems. The association has a trickery with an annual skinny film prolongation ability of 40MW.

Hanergy Holding Group Ltd. is a multinational clean-energy energy generator and a world’s series one thin-film PV company. It engages in a formation of a whole photovoltaic attention chain, covering RD, high-end apparatus manufacturing, PV procedure prolongation and a construction of photovoltaic energy plants.

Mithril GmbH took a vital preference that, after carrying grown Global Solar into a mass scale prolongation company, a vast general vital partner would be best matched to serve commercialize Global Solar’s singular technology. Through this 100 percent merger of Global Solar, Hanergy is further strengthening a cunning and use charity in a skinny film segment, that is an critical concentration area in a expansion strategy. Deutsche Mittelstandsfinanz and Oaklins HFG China enjoyed operative in this transaction with a restructuring consultant Johann Stohner of Alvarez Marsal and Chris LeWand of FTI Capital Advisors.

Oaklins HFG China and Deutsche Mittelstandsfinanz worked as corner financial advisors to Mithril GmbH.