Flick Gocke Schaumburg advises POLAR Group on sale to SOL Capital Management

Flick Gocke Schaumburg has advised the shareholders of POLAR Group on the sale of the group to SOL Capital Management (SOL). The acquisition by SOL takes the form of a combined asset and share deal. SOL has acquired 100% of the shares held by the former shareholders in POLAR-Mohr Maschinenvertriebsgesellschaft GmbH & Co. KG and the business operations of Adolf Mohr Maschinenfabrik GmbH & Co. KG.

Due to supply bottlenecks, the POLAR Group was in court-supervised protective shield proceedings. The sale averted the opening of insolvency proceedings.

Advisors to the shareholders of the POLAR Group: Flick Gocke Schaumburg

Dr. Jochen Kotzenberg, Dr. Daniel Dreßler (both tax), Dr. Christian Brünkmans (distressed M&A)

The POLAR Group comprises Adolf Mohr Maschinenfabrik GmbH & Co. KG and its subsidiaries, plus POLAR-Mohr Maschinenvertriebsgesellschaft GmbH & Co. KG. It produces and sells machinery for the printing industry and is the world market leader for cutting machines. All 300 jobs in Hofheim and Shanghai will be retained after the transfer of the business.

SOL Capital Management GmbH, based in Vienna, specializes in succession solutions and restructuring. It invests in small and medium-sized industrial companies, manufacturers and service providers in Austria, Germany and Switzerland. The management team headed by Dr. Paul Niederkofler, Haiko Stüting and Egmont Fröhlich plays an active role in relation to the portfolio companies.

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