Due to the confidential nature of this advice we are unable to give specific details of our clients and transactions in this area. However the following scenario is representative of the type of work and outcomes we seek to achieve for clients and businesses.
An international bank approached us as it was considering placing one of its industrial clients into administration. The business had fallen behind with its debt repayments, having invested heavily in state-of-the-art manufacturing equipment but failed to achieve the increase in orders expected.
Following a thorough analysis of the company's assets, performance and operations, we suggested to our client that we might be able to find a buyer who would be interested in its manufacturing capacity. Not only would this solution save the business, it would also save the bank the costs of placing the business into administration.
Our industry knowledge and contacts enabled us to draw up a short list of potential purchasers quickly, two of which were expressed interest in the distressed assets. One of these had an extensive distribution network but outsourced manufacturing, so clearly had a complementary fit. The bank accepted our recommendations, we initiated negotiations and an outcome which was satisfactory to both parties.
01 November 2011
Steen Associates today announced the opening of its office in Frankfurt, bring the firm closer to the main industrial – and financial – centres of mainland Europe.
12 October 2011
Steen Associates today announced the appointment of Professor Dr. Klaus Steffens as Senior Adviser. He will use his extensive knowledge of the global automotive and aerospace supply chains to serve companies seeking to acquire or dispose of businesses in these sectors.
02 September 2011
Steen Associates announced today that Philippe Rollin has joined the team as an Analyst.
26 August 2011
Steen Associates today announced that it is advising Bridgepoint Development Capital (BDC), the international private equity firm, on BDC's acquisition of Shimtech, part of Hampson Industries' Aerospace Components & Structures division, for $84 million.