Acquire a leading specialty industrial heavy equipment manufacturer through bankruptcy proceedingsThe Business
The Company is the leading enterprise in Russia and the CIS for the manufacture of industrial lifting and transport equipment, principally complex overhead industrial cranes. The Company sells its equipment in 23 countries. It has a long production history and very good engineering experience with its own pool of highly qualified engineers and constructors. The Company’s plant in Krasnoyarsk, Siberia completes the entire cycle of production.
Market
Currently the Company is undergoing bankruptcy procedures, which provides an excellent buyout opportunity. The court appointed a bankruptcy administrator September 2010. The administrator resides in Moscow, but creditors have not yet approved the administrator’s strategy. According to the debt register, the Company’s consolidated debt is about 170m rubles (~ $6m), 30% of which is available for purchase. The second largest creditor is the Federal Tax Service. A potential buyer could acquire the business through purchase of the debt.
Sector: EquipmentSegment: Overhead CranesRegion: RussiaFinancing Size: $5m to $20mContact: Andrey Zelenin
Company: Lidings Law FirmTelephone: +7 495 989 4410Email: [email protected]
