We advised H.C. Starck
HSCie Client
H.C. Starck Ceramics GmbH, Selb, Germany
H.C. Starck Ceramics GmbH, Selb, Germany, a 100% subsidiary of H.C. Starck GmbH, Munich, has sold its electrolyte supported (ESC) solid oxide fuel cell (SOFC) production assets and related IP to sunfire GmbH, Dresden. The parties have agreed to keep the terms of the transaction confidential.
With such sale, H.C.Starck has implemented an important milestone in strengthening its ceramic operations and to refocus on development activities more closely linked to its core business. To this end, the production of advanced ceramic powders for fuel cell applications will be continued. The transaction secures H.C. Starck’s leading edge cell technology to be further developed and commercialized by one of the most innovative players in the industry.
Seller
H.C. Starck GmbH, Munich, Germany
H.C. Starck GmbH, headquartered in Munich, Germany is a leading premium supplier of specialty metals tungsten, molybdenum, tantalum, niobium and rhenium, high-performance ceramics and thermal spray powders for a wide range of applications in high-growth markets such as electronics, chemicals, aerospace & defense, automotive, energy and medical equipment. The Group has about 3.000 employees worldwide and is known as one of the technology and innovation leaders in its industry. H.C. Starck GmbH is owned by Advent International and the Carlyle Group since 2006. For further information, please visit
www.hcstarck.com
Buyer
Sunfire GmbH, Dresden, Germany
Founded in 2010, sunfire GmbH is a pioneer in the fields of Power-to-Liquids, Power-to-Gas and Gas-to-Power. The Dresden-based cleantech firm develops high-temperature fuel cells (SOFC) which convert gas into electricity and heat for several markets (Micro CHP, off-grid, marine, IT servers, etc.) as well as high-temperature electrolysers (SOEC) which produce hydrogen used in Power-to-Gas and Power-to-Liquids installations, industrial sites and H2 mobility. The firm is supported by business angels, Bilfinger Venture Capital, ERP Startfonds at KfW, Total Energy Ventures and Electranova Capital – a cleantech venture capital fund sponsored by EDF Group and Allianz. For further information, please visit:
www.sunfire.de
Transaction / Task
Hübner Schlösser & Cie (HSCie) advised H.C. Starck in all stages of the sales process including the carve-out and structuring of the transaction object as well as contract negotiations of the asset purchase agreement and auxiliary contracts. Dr. Russner, general manager of H.C.Starck Ceramics GmbH comments “HSCie proved to be instrumental in executing the transaction at terms and speed beyond what could have been reached with our own resources” .
Year: 2014
Transaction Value: Not published
Industry: Industrial products
Business Field: Mergers & Acquisition
Further Transactions
