Deutsche Mittelstandsfinanz and HFG China advises Mithril GmbH on the sale of global solar energy to Hanergy
Friday, Jul 26, 2013
SHANGHAI, July 25, 2013 /PRNewswire/ -- Deutsche Mittelstandsfinanz and HFG China acted as joint financial advisors to Mithril GmbH, a German family office, representing 100 percent of the shares in the sale of Global Solar Energy, Inc. (Global Solar) to Hanergy.
Founded in 1996, Global Solar is a pioneer of the solar industry. The company is the world leading manufacturer for the full-scale production of CIGS (Copper Indium Gallium diSelenide) light-weight, durable, high efficiency solar products consisting of flexible cells, modules and integrated shingles. Global Solar’s modules are designed for key segments of the high-end, high-growth flexible solar module market, especially when glass module systems are unsuitable due to weight restrictions and flexibility needs. Global Solar replaces traditional glass solar module products and designs integrated photovoltaic (BIPV) roofing systems. The company has a facility with an annual thin film production capacity of 40MW.
Hanergy Holding Group Ltd. is a multinational clean-energy power generator and the world’s number one thin-film PV company. It engages in the integration of the entire photovoltaic industry chain, covering R&D, high-end equipment manufacturing, PV module production and the construction of photovoltaic power plants.
Mithril GmbH took the strategic decision that, after having developed Global Solar into a mass scale production company, a large international strategic partner would be best suited to further commercialize Global Solar’s unique technology. Through this 100 percent acquisition of Global Solar, Hanergy is further strengthening its competence and service offering in the thin film segment, which is an important focus area in its growth strategy. Deutsche Mittelstandsfinanz and HFG China enjoyed working in this transaction with the restructuring expert Johann Stohner of Alvarez & Marsal and Chris LeWand of FTI Capital Advisors.
SOURCE HFG China