Deal Announcement 12/19: Engineering

PwC acted as exclusive financial advisor to insolvency administrator Dr. Per Hendrik Heerma of FRH Fink Rinckens Heerma Rechtsanwälte Steuerberater PartG mbB on the sale of Heinrich KUPER GmbH & Co. KG, a manufacturer and wholesaler of wood processing machines, to a private investor

The Deal

The PwC M&A team is pleased to announce the successful conclusion of Project WOOD, the sale of Heinrich KUPER GmbH & Co. KG (“KUPER”) to a private investor. KUPER is a manufacturer and wholesaler of woodworking machines. In 2018, the company generated sales of €38m. Preliminary insolvency proceedings over the estate of KUPER were opened at the beginning of August 2019. A PwC team of M&A and restructuring experts advised the vendor, insolvency administrator Dr. Hendrik Heerma, of FRH Fink Rinckens Heerma Rechtsanwälte Steuerberater PartG mbB exclusively on this transaction.

The transaction was signed and closed in December 2019.

Tombstone Großglockner

KUPER

KUPER develops and produces woodworking machines (e.g. machines for veneer and solid wood processing as well as packaging) and is a wholesaler for new and used woodworking machines. KUPER is headquartered in Rietberg, North Rhine-Westphalia. KUPER’s main customers are veneer, furniture and kitchen manufacturers, suppliers of furniture manufacturers, carpenters and interior fitters. In 2018, KUPER generated sales of €38m.

FRH | Fink Rinckens Heerma Rechtsanwälte Steuerberater

FRH Fink Rinckens Heerma Rechtsanwälte Steuerberater focuses on restructuring and insolvency administration with a clear emphasis on the continuation of viable companies. In this regard, it is always FRH’s priority to make companies competitive again, preserve as many jobs as possible and at the same time achieve the best possible results for creditors.

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 M&A team was led by Timo Klees (Partner) and Fabian Dalka (Senior Manager) and the restructuring team by Christoph Konow (Director).

For more information please contact Timo Klees +49 (0) 69 9585-6614 or Christoph Konow +49 (0) 40 6378-1727.

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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