Renowned German Window Manufacturer BAYERWALD – Fenster Haustüren rescued

Neukirchen vorm Wald, 29 April 2020. Attorney Dr. Hubert Ampferl sells BAYERWALD to the Bachl Group and enables a restructuring solution for the entire workforce.

BAYERWALD – Fenster Haustüren GmbH, based in Neukirchen vorm Wald, is a leading manufacturer of premium products in the window and door industry. Its product range mainly comprises windows and entrance doors made of wood, plastic and aluminum as well as composite structures. In 2019, the company achieved sales of approx. EUR 46 million with a workforce of about 380 employees.

Although BAYERWALD has been able to record strong sales growth in recent years, based on significant investments and continuous adaptation of organization processes, the future financing of business operations was no longer entirely assured according to the planning for 2020. Therefore, the management applied for the opening of insolvency proceedings on February 17, 2020. The Passau insolvency court appointed attorney Dr. Hubert Ampferl as preliminary insolvency administrator.

Despite additional challenges posed by Covid-19, the preliminary insolvency administrator, together with the management and a highly motivated and loyal workforce, succeeded in rapidly stabilizing business operations. Production was able to continue at a stable high level of capacity utilization, thus laying the foundation for an international investor process launched on March 6, 2020.

Within a very short period of time, interest was aroused by numerous investors, and several offers were already placed as soon as April 2nd, 2020. After various rounds of negotiations with the most promising interested parties, the preliminary creditors’ committee decided to sell the company to the Bachl Group, headquartered in Röhrnbach, Lower Bavaria. BAYERWALD will thus become part of the Bachl Group as of May 1, 2020, with the opening of the insolvency proceedings. The entire workforce of around 380 employees will be retained.

ACXIT Recovery Management acted as exclusive M&A advisor to BAYERWALD and the preliminary insolvency administrator in this investor process.

About Dr. Hubert Ampferl
Dr. Hubert Ampferl, specialist lawyer for insolvency law, is partner of the law firm Dr. Beck & Partner GbR. He acts as insolvency administrator throughout Bavaria and a specialized expert in the restructuring and reorganization of companies.

About ACXIT Recovery Management
ACXIT Recovery Management, a part of ACXIT Capital Partners, is an independent consultancy firm exclusively dedicated to distressed mergers & acquisitions. ACXIT Recovery delivers tailored solutions and transactions for small and medium sized companies as well as for insolvency administrators. The managing partners of ACXIT Recovery have been in charge of more than 100 successful transactions in restructuring and insolvency situations over the last eight years.

ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. As an independent and privately owned firm, ACXIT maintains offices and representations in Frankfurt, Berlin, Munich, Zurich, Hong Kong and New York as well as strong alliances in the UK, France and India.

ACXIT Contact
Christian Nicolas Bächstädt, Managing Partner (baechstaedt@acxit.com)

 

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