Stuttgart – Seafort Advisors GmbH and ThyssenKrupp have signed an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden. Completion of the deal is subject to the necessary permits and approvals and is scheduled for the first quarter of 2015.
A team led by lead partner Dr Tobias Schneider advised Seafort Advisors on all aspects of the transaction. CMS also provided Seafort Advisors with comprehensive advice in 2013, when the Hamburg-based independent private equity firm acquired three companies, and has subsequently advised on several add-on acquisitions. Seafort Advisors has a medium to long-term investment horizon. The private equity company has many close links to players in the shipping sector, and in particular to several shipping companies.
Emder Werft und Dockbetriebe generated sales of around EUR 19.5 million in the 2013/2014 financial year and has 55 employees. The company has been successfully restructured over the past few years, providing it with a stable customer base and workload.
CMS Hasche Sigle
Dr Tobias Schneider, Private Equity, Lead Partner
Dr Udo Simmat, Private Equity
Dr Oliver Simon, Employment
Dr Gerald Gräfe, Commercial
Dr Stefan Voß, Real Estate & Public Projects
Dr Ursula Steinkemper, Regulatory / Environment
Dr Johannes Braun, Private Equity / M&A
Dr Nikolaus Polzer, Employment
Dr Michael Rein, Employment