We advised BÖWE SYSTEC AG
BÖWE SYSTEC AG, Augsburg, Germany
BÖWE SYSTEC AG, a public listed company in the German Prime standard is one of the world’s leading total providers for highly automated mailrooms.
The company has agreed with its banks to extend the existing lines of credit until 30.4.2011 and arranged a new credit line in the double figure million range with them and the Kreditanstalt für Wiederaufbau (KfW). The new funds will be used primarily to replace an existing loan in connection with the acquisition of the shareholding in BÖWE BELL+HOWELL. In this context the company has generated approximately € 10 million extraordinary earnings.
HSCie advised BÖWE SYSTEC comprehensively in all steps of the negotiations including a solution for the parent company Wanderer AG.
Transaction value: Not published
Industry: Industrial products
Business field: Corporate Finance