Deal Announcement 07/20: Automotive

PwC acted as exclusive financial advisor to Weber Automotive GmbH, a
Tier-1 automotive metal machining specialist for drive components, the custodian Dr. Christian Gerloff and the chief representative Martin Mucha on the sale of Weber Automotive GmbH’s assets and shareholdings to its founding family Weber

The Deal

The PwC M&A team is pleased to announce the successful sale of Weber Automotive GmbH (“Weber Automotive”) to its founding and longstanding owner family Weber. PwC M&A acted as exclusive financial advisor to Weber Automotive GmbH, the custodian (“Sachwalter”) Dr. Christian Gerloff and the chief representative (“Generalbevollmächtigter”) Martin Mucha on this transaction.

Weber Automotive filed for insolvency under self-administration in July 2019 due to financial difficulties. Dr. Christian Gerloff of Gerloff Liebler Rechtsanwälte was appointed as custodian of Weber Automotive and initiated together with management and chief representative Martin Mucha of Grub Brugger a structured, international sale process for all of Weber Automotive’s assets and shareholdings which was led by PwC M&A and supported by PwC Business Recovery Services.

Weber Automotive

The deal comprises all assets of Weber Automotive with its three German production locations in Markdorf (Headquarters), Neuenbürg and Bernau bei Berlin as well as the shareholdings in its non-insolvent subsidiaries Weber Magdeburg GmbH (Magdeburg, Germany), Weber Automotive Corp. (Auburn Hills, USA) and Albert Weber Hungaria Kft. (Esztergom, Hungary).

Weber Automotive subsidiary SaarOTEC GmbH (St. Ingbert, Germany) was sold separately.

The asset and share purchase agreement for Weber Automotive was signed on 06thMay 2020 and the transaction was closed on 13th July 2020.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 250,000 people in 158 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

The PwC M&A team was led by Martin Schwarzer (Partner) and Timo Klees (Partner) and comprised Wilfried Böckmann (Senior Manager), Niklas Nagel (Senior Associate), Christian Tempel (Associate), and Gregor Kohtes (Associate). A PwC Business Recovery Services team headed by Thomas Steinberger (Partner), Katherina Gasser (Manager) and Sebastian Kreitmayr (Manager) supported the process.

For more information please contact Martin Schwarzer +49 (0) 69 9585-5667 or Wilfried Böckmann +49 (0) 69 9585-5895.

Contact us

Martin Schwarzer

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von  Friesen

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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