Search:

Sector insight

Meeting your needs

Transactions

Case studies

Helogistics

Financial restructuring and sale of Helogistics to Ferrexpo

Dec 2010

 

Altium acted as exclusive financial adviser to Helogistics on its financial restructuring and sale to Ferrexpo

 

Background

  • The business activities of Helogistics, the holding company for DDSG and Marhart, cover the transport of commodities as well as semi-finished and ready-made goods along the 3.5km long waterway between Rotterdam and the Black Sea; in the dry-bulk goods segment the majority of goods transported are commodities, mainly iron ore and grains.
  • Ferrexpo is a Swiss headquartered publicly listed resources company with assets in Ukraine, principally involved in the production and export of iron ore pellets used in steel production.

Transaction

  • Ferrexpo entered into an agreement to acquire 100% of the share capital of Helogistics Holdings GmbH and to acquire the existing bank debt of Helogistics, which has a face value of €72.1 million, for €28.5 million cash.
  • Altium advised Helogistics on all aspects of the transaction, which involved negotiations with Ferrexpo and the existing banking partners.

 

For further information on this transaction please contact Alexander Grünwald

<< Click here for further Case Studies
Latest News