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CMS advises One Square Advisors on rescue of automotive supplier Neue Halberg Guss

30/11/2018

Cologne – AVIR Guß Holding GmbH has acquired the business operations of Neue Halberg Guss GmbH together with all the major assets. The deal lifts the threat of job losses for the time being and was structured through AVIR’s affiliated companies Gußwerke Saarbrücken GmbH and Gußwerke Leipzig GmbH. The transaction is still subject to closing conditions, which should be fulfilled soon. The parties agreed not to disclose the purchase price.

AVIR Guß Holding was advised on the transaction by One Square Advisors. A CMS team headed by Klaus Jäger and Christoph Poertzgen advised One Square Advisors on legal aspects of the complex transaction process.

Munich-based One Square Advisors GmbH is regarded as one of the leading independent financial restructuring consulting firms in Germany. Its service portfolio includes advising on financial restructuring, corporate finance, mergers & acquisitions and innovative trustee solutions. To date, the firm has been involved in more than 200 transactions worth a total of around EUR 15 billion.

Neue Halberg Guss GmbH is an automotive supplier specialising in the development and production of engine blocks and drive shafts made of cast iron. The company employs more than 2,000 people and has operations in Leipzig and Saarbrücken. Its customers include leading car manufacturers.

CMS Germany

Klaus Jäger, Lead Partner, Corporate/M&A
Dr Christoph Poertzgen, Counsel, Restructuring and Insolvency
Laura Christin Stein, Senior Associate
Dr Nils Hoppe, Associate
Dr Martin Vorsmann, Partner, all Corporate/M&A
Dr Herbert Wiehe, Partner
Dr André Frischemeier, Counsel
Dr Lena Kleißendorf, Senior Associate
Viktoria Dick, Senior Associate, all Banking & Finance
Dr Angela Emmert, Partner
Lennard Lürwer, Associate, both Labor, Employment & Pensions
Isabel Schreyger, Partner
Dr Daniel Krey, Senior Associate, both Real Estate & Public
Thomas Gerdel, Partner
Dr Alexander Witfeld, Associate, both Tax
Kai Neuhaus, Partner, Competition & EU
Dr Laura Blumhoff, Counsel, Compliance

Press Contact
presse@cms-hs.com 

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