- G+E GETEC Holding GmbH acquires two industrial parks in Basel via a share and via an asset deal
- Sellers are Clariant Plastics & Coatings AG and Novartis Pharma Schweizerhalle AG in Basel
- Ebner Stolz advises GETEC on Financial and Tax Due Diligence as well as Tax Structuring
Munich, 29th November 2018 – The Auditing and Consulting firm Ebner Stolz advised G+E GETEC Holding GmbH on the acquisition of Infrapark Baselland AG (share deal) and selected assets of Novartis Pharma Schweizerhalle AG (asset deal) with Financial and Tax Due Diligence as well as in Tax Structuring. The transaction advisory was performed in conjunction with the Swiss partner firm ADB Altorfer Duss & Beilstein out of the Nexia International network.
The GETEC Group is an international operating German energy services company. G+E GETEC Holding GmbH (a portfolio company of the Swedish firm EQT), headquartered in Magdeburg, aquires two industrial parks located in Basel. The acquisitions are expected to be completed at the end of 2018.
GETEC acquires the Schweizerhalle industrial site, located in Basel. As part of a share deal, GETEC acquires the operating company Infrapark Baselland AG from Clariant Plastics & Coatings AG, a specialty chemicals group headquartered in Muttenz, Switzerland. Clariant remains owner of the property.
As part of an asset deal, GETEC takes over the infrastructure and service buildings of the Swiss biotechnology and pharmaceutical company Novartis. Novartis AG, headquartered in Basel, will also remain the owner of the site and its own production halls, while the real estate required for the operation of the industrial park (e.g. warehouse and office buildings) will be transferred to GETEC.
As the new owner of the industrial park, GETEC will take over all industrial park services. These include energy supply, facility management, logistics and environmentally friendly wastewater treatment. In 2017 the two parks combined for revenues of about EUR 132m.
Ebner Stolz team: Claus Buhmann (Project leading Partner Corporate Finance, Lead Financial Due Diligence), Fabian Mayer, Ece Hekimoglu, Matthias Gallmetzer and Oleksandr Melnyk (all Financial Due Diligence)
The Tax Due Diligence and the Tax Structuring was performed in conjunction with the Swiss Nexia partners of ADB Altorfer Duss & Beilstein around Dr. Pascal Taddei, Jürg Altorfer and Marc Dietschi.
Press Contact
Dr. Ulrike Höreth
Ebner Stolz
Kronenstraße 30
70174 Stuttgart
Tel. +49 711 2049-1371
ulrike.hoereth@ebnerstolz.de
Corporate Contact
Claus Buhmann
Ebner Stolz
Arnulfstraße 27
80335 Munich
Tel. +49 89 549018-251
claus.buhmann@ebnerstolz.de
Dr. Pascal Taddei
ADB Altorfer Duss & Beilstein AG
Walchestrasse 15
CH-8006 Zurich
Tel. +41 44 26763-88
pascal.taddei@adbtax.ch
About Ebner Stolz
Ebner Stolz is one of the largest independent mid-sized MDP firms in Germany and is among the Top Ten in the sector. The firm has decades of in-depth experience in auditing, corporate finance, tax advice, legal advice, and corporate consulting. With more than 100 employees and characterized by a market-leading position in the mid-cap transaction market, the sector Corporate Finance plays a central role within Ebner Stolz. The Corporate Finance Team predominantly advises medium-sized industrial enterprises as well as Private Equity companies and Family Offices in the course of national and international transactions.
Cross-border transactions are carried out in with partners of Nexia International, one of the world’s top ten networks of independent consulting and auditing firms. With more than 650 Nexia offices worldwide Ebner Stolz is present in more than 115 countries.