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© stevanovicigor dreamstime.com Electronics Production | February 05, 2015

Future of RENA secured

The insolvent equipment manufacturer RENA GmbH has successfully concluded the search for a new investor.

Several alternatives have been diligently reviewed in the dual track investors proceedings. Amongst these alternatives, the offer for an insolvency plan by a group of bond-creditors had been of particular interest, but could not prevail, eventually. Self-administration, custodian and creditors committee commonly decided to sell RENA’s operations to the Swiss private equity house Capvis. The sale comprises all operating assets, existing orders and the entire RENA staff. The transaction will be completed within the next weeks after certain closing conditions have been met. In Capvis RENA has found a partner who provides a solid financial base and has experience the successful development of mid-sized companies in the German-speaking area (“Mittelstand”). This will also allow RENA to leverage its good order backlog and foster future innovation and growth.
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June 17 2019 9:26 pm V13.3.21-2