ICFG Switzerland advised ENVIROTHERM on its self-administered insolvency process
| Seller | Envirotherm GmbH |
| Target | Envirotherm GmbH |
| Deal Type | Mergers & Acquisitions |
| Buyer | Steinmüller Engineering |
| Territory | Germany |
| Transaction Description | Founded in 2003, Envirotherm GmbH (“ENVIROTHERM”) is an international engineering and plant construction company based in Essen, Germany, with 19 employees. With its own technologies, the company focuses on the areas of synthesis gas and fuel gas generation as well as energy generation from solid fuels, in particular from secondary raw materials, in the disposal of sewage and industrial sludge as well as hazardous waste in solid, liquid, pasty and gaseous form. Founded in 2003 in Gummersbach, Germany, Steinmüller Engineering GmbH (“Steinmüller Engineering”) is a major international player in engineering and delivery services. With a focus on the energy industry and thermal processes, Steinmüller Engineering is ideally positioned as a company to implement complex and demanding new construction or modernization projects. The deal was lead by AVP Partner Dr Amir Golshani. |
| Industry Sector | Industrials |
| ICFG Office | Zurich |
| Steinmüller Engineering GmbH took over the essential business parts of ENVIROTHERM GmbH in an asset deal as part of ENVIROTHERM’s self-administered insolvency process. ICFG Switzerland (A.Vaccani&Partner) was commissioned by the creditors’ committee to carry out a competitive investor process. |
