IMAP advises Schuler on sale of a business unit to Accursia Capital and Navigator Capital

IMAP advised Schuler AG, one of the world's largest press manufacturers, on the sale of its business unit Body Panel Göppingen to Accursia Capital and Navigator Capital. The business unit is one of the leading specialists in Germany for the design and manufacturing of body panel tools and dies for outer skin car panels and body-in-white parts. Customers include most German automotive OEMs as well as a number of Tier-1 suppliers.

The business unit with locations in Göppingen and Weingarten will be separated from Schuler Pressen GmbH and transferred to a new company as part of a corporate carve-out. With this transaction, Schuler continues on its path to focus on core businesses.

Founded in 1839, Schuler AG is headquartered in Göppingen, Germany, and looks back on a rich, 180-year history. Today, the Company has approx. 6,600 employees at production sites in Europe, China and America as well as service companies in over 40 countries.

Navigator Capital and Accursia Capital are experienced special situation investors with a number of transactions and corporate spin-offs on record. The acquirers’ joint vision is to build a group of well-established, high-performance tooling companies and to realize synergies among group companies. The acquisition of Rath Werkzeugbau in December 2018 represented the foundation for this vision. With the acquisition of the business unit Body Panel Göppingen, a further step in this direction has been made.

The IMAP team led by Dr. Burkhard Weber, Christoph Gluschke, Ulrich Keesen and Luis Frey exclusively advised the seller providing support throughout all phases of the transaction within the framework of a structured M&A process.

More news