ICFG Germany found a buyer for Recyplast
| Seller | recyplast GmbH |
| Target | recyplast GmbH |
| Deal Type | Mergers & Acquisitions |
| Buyer | con-pearl GmbH / Blue Cap AG |
| Territory | Germany |
| Transaction Description | Based in Geismar, Thuringia, recyplast GmbH is the first operating company of the FISCHER GROUP for which Wintergerst, acting under engagement from the insolvency administrator, Dr. Dirk Pehl from Schultze & Braun, has identified an investor within the framework of a structured bidding process. The engagement was particularly challenging: the order situation of the manufacturer of regranulates and shred from various plastics has been weak recently. Due to the opening of the insolvency proceedings scheduled for 1 April 2021 there was great time pressure and the rental agreements for the production and office spaces were terminated months ago. Recyplast GmbH manufactures light-weight plastic products, mainly for the packaging and automotive industry. It is part of the portfolio of Blue Cap AG, a Munich-based financial investor that intends to further develop the mid-cap company. The takeover of recyplast supports the planned expansion strategy. |
| Industry Sector | Renewables & circular economy |
| ICFG Office | Stuttgart |
ICFG member in Germany, Wintergerst Societät für Unternehmer-Beratung, has successfully advised recyplast GmbH on their acquisition by con-pearl GmbH, part of the private equity company Blue Cap AG.
