GCI Management advises the GMC Group on the acquisition of the insolvent FK Galvanik GmbH

The GMC Group, headquartered in Schönebeck, acquired the operating business of the insolvent FK Galvanik GmbH as of December 1, 2022, as part of an asset deal. The company, located near Pforzheim, specializes in the development and manufacturing of surface coating equipment and looks back on over 30 years of company history.

The company had fallen into financial difficulties due to drastically rising raw material and energy costs, and filed for insolvency at the end of September 2022. The successful completion of the transaction allows the operating business to be continued seamlessly and all jobs to be preserved. The newly founded acquisition company will operate under the name FK Galvanotechnik GmbH.

GCI Management Consulting GmbH has accompanied the shareholders of the GMC Group as M&A advisor since the beginning of negotiations with FK Galvanik. The insolvency administration was handled by restructuring expert Mr. Marc-Philippe Hornung of the law firm SZA Schilling, Zutt & Anschütz. The business consulting during the insolvency process as well as the sell-side transaction process were carried out by Mr. Hanns Reinhardt of Falkensteg.

As part of the M&A buy-side mandate described above, GCI assumed the following key responsibilities:

• Conducting due diligence and company valuation
• Supporting the purchase agreement negotiations
• Negotiating and redrafting lease agreements
• Operational and corporate law structuring