We’re proud of our track record of successful deals! And in addition, their specifics can be a great source of information when you’re considering a new project. Read on to learn all the ins and outs:
RHI AG sold its dolomite business consisting of the production sites in Marone, Italy and Lugones, Spain
MP Corporate Finance acted as the exclusive financial advisor to RHI AG in the carve out of two of its European production plants to fulfil its commitments towards the European Commission following the merger of RHI and Magnesita.
The combination of the two leading refractories players, RHI AG (Austria) and Magnesita Refratários S.A. (Brazil) was approved by the European Commission on June 28th 2017. On September 8th 2017, RHI and Magnesita signed contracts with the German refractories supplier Intocast AG regarding the sale of three European production plants to fulfil their commitments towards the European Commission. The contribution to revenue of the three plants amounted to roughly € 100 million in the financial year 2016.
For the closing of the transaction, the European Commission has to confirm the buyer. The sale of the three production sites is a condition for the execution of the merger of RHI and Magnesita.
The MP transaction team supported RHI and Magnesita during the entire divestment process. The team executed financial and operational carve out analysis, liaised with investors and legal teams and facilitated a smooth process in a highly complex deal with multiple stakeholders.
RHI sold Dolomite Franchi and its Lugones (ES) plant to Intocast
MP provided excellent and very hands-on support throughout the entire EU divestment process. The team coordinated multiple work streams of both merger parties and showed very high flexibility, professionalism and emotional intelligence in a complex transaction involving multiple stakeholders. We would like to thank MP for executing a dynamic and clever process with a clear view on commercial and strategic targets.Hans-Jörg Horvath, M&A Project Lead at RHI AG, Austria
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