As of March 1, 2021, Beinbauer Group has acquired the traditional foundry company Walter Hundhausen GmbH from insolvency, supported by a senior team of the law firms act AC Tischendorf (Frankfurt), FINKENHOF (Frankfurt), WENDELSTEIN (Frankfurt), as well as held jaguttis (Cologne).
Walter Hundhausen, over whose assets insolvency proceedings were initiated on August 1, 2020, was previously part of the GMH Group from Georgsmarienhütte.
The transaction has now secured the jobs of a total of around 380 employees in Schwerte, among others.
The Beinbauer Group is one of the leading suppliers of castings for the commercial vehicle industry in Europe. The portfolio company owned by the market-renowned PE investor H.I.G , which has grown immensely over the years, combines three companies of the supplier industry under one roof and employs over 1,000 people at five locations in Germany and the Czech Republic.
Background: act legal Germany has been acting as trusted advisor to H.I.G. for many years, also for its portfolio companies – especially in cases when a clear and strategic «problem solver» is required in special situations, beyond the purely legal aspects.
Seller: Dr. Dirk Andres (AndresPartner, Düsseldorf) as liquidator