Scott-Macon Partner, Equity Gate, acts as Exclusive Financial Advisor in Sale of Sava Technical Rubb

Scott-Macon Partner, Equity Gate, acts as Exclusive Financial Advisor in one of the Largest Industrial Mid-Cap M&A transactions in CEE

14-January-2013

Sava d.d. based in Ljubljana, Slovenia, one of the more important publicly listed companies in the country, announced the sale of its rubber manufacturing division: Sava Technical Rubber. Sava Technical Rubber is a manufacturer of specialized industrial rubber components with sales of approximately €130 million and EBITDA of €16 million last year.

The buyer ČGS a.s., based in Prague in the Czech Republic, is a multinational rubber manufacturing group producing special purpose tires and technical rubber products. The buyer paid a purchase price of approximately €70 million for the shares in Sava Technical Rubber, and also assumed all the financial liabilities of the company. ČGS won the formal bidding process with an offer encompassing the best terms and conditions and a convincing concept for the long-term strategic development of Sava Technical Rubber and its employees. The transaction structure includes a modern warranty insurance solution provided by ČGS combined with guarantees for the Sava Technical Rubber location and employee continuity.

EquityGate’s M&A team managed an efficient international limited auction. Despite a challenging transaction environment, a “better owner” buyer having the most significant synergies with the target was attracted. Good preparation, clear, transparent business and financial information and excellent documentation allowed the bidders to fully appreciate the quality of the target and to offer an attractive package, which surpassed the seller’s original expectations regarding price and terms.

Please visit EquityGate’s website (Press Release) for the full press release.

ABOUT EQUITYGATE

With its team of 25 professionals in Wiesbaden, EquityGate Advisors is a leading financial advisory boutique in the German-speaking countries and the CEE-region. EquityGate provides advice on complex financing transactions (investment and acquisition financings), financial restructurings as well as mergers and acquisitions with the teams’ combined experience from 250 closed transactions. EquityGate advises on transactions with a total value of €1-2 billion annually.

Internationally, as part of the global partnership with Scott-Macon and Alpha Advisory, EquityGate is part of a group of award-winning corporate finance specialists with 250 professionals in Asia, Europe and America. Over the past 12 months, the group has collectively completed over 100 deals in 30 countries worldwide with an aggregated value of over $3 billion.