Clearwater International acted as sole financial adviser to the insolvency administrator of Kufner Textilwerke GmbH on its sale to VMS Value Management Services GmbH.
Kufner Textil Group, headquartered in Munich, Germany, with sales in excess of €75m in 2010 and 540 employees, is one of the top three manufacturers of interlinings worldwide and holds a leading market position in the field of menswear interlinings. Kufner operates four production sites in Austria, Germany, Slovakia and China. In addition, Kufner operates a worldwide network of sales offices and agencies to serve its customers in more than 100 countries all over the world.
Clearwater International, led by partner Dierk Rottmann, advised the insolvency administrator on the sale.