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BDO advises Ferrostaal on sale of its e-mobility and export financing as well as its metals trading activities to Jebsen & Jessen

Frank Scholl, Partner |
Martin Studier, B.Sc., MBA
Senior Manager, Corporate Finance
|

25 March 2021

Ferrostaal Trading GmbH, part of the Hamburg-based MPC Group (Münchmeyer Petersen & Co. GmbH) with activities in approximately 40 countries around the world, has sold its shares in Ferrostaal Equipment Solutions and Ferrostaal Metals. BDO provided vendor due diligence services to Ferrostaal in connection with this transaction.

Ferrostaal Equipment Solutions is a provider for structured export financing for large capital goods and facilities in emerging markets; it also represents the Spanish bus manufacturer Irizar e-Mobility in the DACH region offering innovative solutions for the operation of electric buses. Ferrostaal Metals moves more than 400,000 tons of steel products and raw materials annually to meet the needs of the Canadian infrastructure market in particular.

The sale of these activities is part of MPC Group’s strategy to focus on its core segments (asset and investment management, shipping and project development); at the same time this strategically significant acquisition brings the Jebsen & Jessen Hamburg Group expanded expertise in the areas of financial solutions, e-mobility and metals.

“We engaged BDO’s Corporate Finance team to undertake the vendor due diligence when we decided to do this strategic disposal. The team produced an excellent, concise due diligence report, that underlines their ability to understand, interpret and clearly present complex commercial issues in a professional, issue-focused manner. I would recommend BDO to anyone contemplating a similar transaction.” Dr. John Benjamin Schroeder, Managing Director of MPC Holding.

BDO advisors:

Frank Scholl, Martin Studier, Bernardo Jose Riedel and Jan-Christian Steen (all Corporate Finance/Hamburg)