GCI Management is advising the MS Industrie Group on the sale of its manufacturing operations for the Daimler global engine in the United States

The MS Industrie Group (MS Industrie AG, Munich, WKN 585518) has sold the production of valve train systems for the Daimler global engine at its Webberville, Michigan, facility to the Gnutti Group (Gnutti Carlo S.p.A., Maclodio, Italy). The transfer of the relevant U.S. legal entities took place in April 2019. The divested units generated revenue of approximately EUR 80 million in fiscal year 2018 and employ around 170 people. The parties have agreed not to disclose the financial details of the transaction.

GCI Management Consulting GmbH has served as M&A advisor to MS Industrie AG since the start of discussions with the Gnutti Group. Legal counsel for the transaction was provided by the Munich office of the law firm Weil, Manges & Gotshal LLP.

As part of the sell-side M&A mandate described above, GCI undertook the following key tasks:

• Coordination of all due diligence activities, including Q&A
• Verification of business plans and other transaction-related documents
• Administration and management of the digital data room
• Participation in on-site due diligence meetings
• Assistance in preparing purchase agreement attachments and other transaction documents
• Project coordination with the company’s involved managers, attorneys, and tax advisors