Leading specialist for cokemaking technology sold to Indian investor

HuDe GmbH (hereinafter referred to as "HuDe"), headquartered in Erkelenz, Germany, employs approximately 60 people and is an internationally active company in the field of cokemaking technology. The focus is on production equipment and machinery for coke ovens, dust removal systems, production vehicles, cranes as well as desulfurization systems. In 2021 HuDe could generate a total output of approx. 14 million. 

www.hude.com 

The management of HuDe filed an application for the opening of insolvency proceedings in self-administration with the Mönchengladbach District Court on December 14, 2022. Lawyer Frank Schwarzer of Kebekus et Zimmermann GbR was appointed as provisional administrator. Dr. Claus-Peter Kruth from the law firm Andres Partner was the authorized representative. 

The CVM Capital Value Management GmbH team led by Managing Partner Kai Peppmeier was exclusively mandated by the management to conduct a structured M&A process. In close cooperation with the parties involved in the proceedings, CVM succeeded in carrying out a successful transaction in the form of a transferring reorganization (asset deal). 

Team CVM: Kai Peppmeier (Managing Partner), Parwis Masomi (Principal), Oliver Lewin (Project Manager)

The buyer is Bhilai Engineering Corporation Limited (BEC). It is an Indian company with investments in a wide range of industries. The main focus of the investments is on the EPC and industrial equipment sectors as well as the agricultural industry. The company was advised by a Taylor Wessing team led by Dr. Daniel Kunz.

www.bec-group.com

Kebekus et Zimmermann GbR is a law firm with 4 offices in Germany and is exclusively active in commercial law. In addition to insolvency administration and administration of assets in self-administration proceedings, it specializes primarily in reorganization and restructuring consulting. The many years of experience of its lawyers have made it one of the leading law firms in this field nationwide.

www.kebekus-zimmermann.com 

The law firm Andres Partner ("AndresPartner") is one of the leading restructuring and insolvency administration law firms in Germany with more than 40 years of experience and approximately 90 employees at 20 offices in North Rhine-Westphalia, Lower Saxony, Saxony, Saxony-Anhalt, Baden-Württemberg and Bavaria.

www.andrespartner.de

Capital Value Management GmbH ("CVM") is a transaction advisory firm and an independent corporate finance consultancy for companies in special, transitional and restructuring situations. The focus is on supporting transactions of medium-sized companies from industry, trade and services with a sales volume between € 10 and 250 million. CVM designs, accompanies and coordinates the entire M&A process in close cooperation with the clients' tax and legal advisors.

www.cvm-gmbh.com 

HuDe GmbH (hereinafter "HuDe"), headquartered in Erkelenz, Germany, employs approximately 60 people and is an internationally active company in the field of cokemaking technology. The management of HuDe has filed an application for the opening of insolvency proceedings in self-administration with the Local Court of Mönchengladbach on December 14, 2022. The CVM Capital Value Management GmbH team around Managing Partner Kai Peppmeier was exclusively mandated by the management to conduct a structured M&A process.

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