Asset acquisition with zero entry price and seller cash support

Automotive rubber assets - acquisition opportunity with zero entry price and seller cash support

PRESENTATION OF THE OPPORTUNITY
Our client is an internationally renowned multinational group operating in the rubber manufacturing sector, specializing in the design and production of sealing systems for the automative industry. They have commissioned us to identify parties interested in sub-entering their Italian business they decided to dismiss, pursuing the sustainable production of the plant located in the South of Italy.
With a view to Corporate Social responsibility, the aim is to encourage the entry of a new industrial operator who can continue or convert the production, while reabsorbing as many qualified staff as possible
The site, with its established manufacturing tradition and facilities in excellent condition, represents a valuable investment opportunity for those looking or expand their business in Europe, also in other industries. The site is one of the very few in Italy that operates a fully integrated production cycle, starting from raw materials (by producing the rubber compound), then carrying out extrusion, and finally assembly.

STRUCTURE OF THE DEALThe deal is an asset deal.
-All assets (real estate and equipment) are to be acquired for EUR 1
-No debt to be transferred with the assets
-Buyer should commit to take over a part of the existing workforce. A significant amount in cash to be paid to the buyer will be negotiated with current owner depending of the number of staff taken over.
-The turnover currently generated with existing customers will be carved out and transferred to another entity of the seller; accordingly, it should be considered excluded from the scope of the transaction.