Deal Announcement: Draftex Automotive GmbH

PwC M&A acted as financial advisor to the insolvency administrator Bernd Depping on the sale of the assets of Draftex Automotive GmbH to Stomil Sanok DE GmbH:

The Deal

Draftex Automotive GmbH (“Draftex”) filed for insolvency in 2012. PwC was mandated by the insolvency administrator of Draftex in March 2012 as exclusive M&A advisor. We conducted a competitive auction process with international strategic investors as well as financial sponsors. The deal with Stomil Sanok DE GmbH was signed in August 2014 and closed on 30th September 2014.

Draftex Automotive GmbH

Draftex is a key tier-1 supplier of sealing systems to the automotive industry. The main customers of Draftex are the major German Automotive OEMs. The company designs and manufactures sealing systems mainly for premium class vehicles, focusing on the convertible and coupe cars. The company is headquartered in Grefrath, Germany. The revenues of Draftex amounted to approx. 40 million Euro in 2013.

Stomil Sanok DE GmbH

Stomil Sanok DE GmbH is the German subsidiary of the Polish Stomil Sanok S.A., a listed enterprise active in European markets offering design service and deliveries of rubber products, rubber-to-metal articles, combination of TPE and combination of rubber with other plastic materials. Focus of Stomil Sanok S.A. lies in the OEM (automotive, construction, pharmacy and household appliances), industrial and agricultural and consumer markets.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,000 M&A professionals all over the world, realizing approx. 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The PwC M&A team in Germany acted as exclusive financial adviser to the insolvency administrator. The following PwC M&A team members were involved for the insolvency administrator Bernd Depping: Martin Schwarzer (Partner), Wilfried Böckmann (Senior Manager), Hanns-Michael Arenz (Manager), Raphael Strzelczyk (Senior Consultant).

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

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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