Metropolitan Equity Partners, a US-based private equity firm, acquires the Wismar facilities of German Pellets, a German-based producer and supplier of wood pellets.
About the Target – German Pellets
German Pellets GmbH (“German Pellets”) was a prominent and influential player in the European wood pellet industry, with production facilities in both Germany and the United States. The company supplied high quality wood pellets for use in heating and power generation by both domestic and industrial customers. The asset sold was German Pellets’ production facility in Wismar.
About the Seller – White & Case
White & Case LLP (“White & Case”) is a well-established global law firm specialising in acting as insolvency practitioners in complex and high-value insolvency cases. The firm’s approach is to work closely with companies, creditors and other stakeholders to manage and resolve financially distressed situations. White & Case’s insolvency practice draws on its in-depth knowledge of corporate finance, restructuring and insolvency law to provide clients with tailored advice. The firm’s lawyers have extensive experience in all facets of insolvency administration, including negotiating with creditors, facilitating asset sales and developing effective restructuring plans.
About the Buyer – Metropolitan Equity Partners
Metropolitan Equity Partners (“MEP”) is a private equity firm based in New York City. The firm was founded in 2005 and focuses primarily on making debt investments in small and middle market companies in the consumer, healthcare and business services sectors. MEP typically invests in companies with strong growth potential and partners with management teams to provide strategic support and resources to drive growth and maximise value.