Saurer Intelligent Technology Co. Ltd, listed in Shanghai/China and the listed Swiss textile machinery manufacturer Rieter Holding AG have signed an agreement for Rieter to acquire selected business units from the Saurer Group through a newly formed joint venture. Thereby, the automatic winding machine business (Schlafhorst) from Saurer Spinning Solutions GmbH & Co. KG will be acquired. This investor solution enabled to withdraw the insolvency petition of Saurer Spinning Solutions GmbH & Co. KG. In the course of the investor process initiated by the self-administration and the custodian, the joint venture was able to prevail against an international field of renowned strategic and financial investors.

Rieter Holding AG, Winterthur, Schwitzerland

Rieter is the world’s leading supplier of systems for short-staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover both spinning preparation processes and all four end spinning processes currently established on the market. Furthermore, Rieter is a leader in the field of precision winding machines.

Saurer Spinning Solutions GmbH & Co. KG, Fellbach, Germany

Saurer Spinning Solutions is a leading and innovative textile machinery manufacturer with >160 years of experience in development and production of high-tech systems and components. The product portfolio comprises open-end-spinning, ring-spinning and winding machinery as well as complementary components and services for the textile industry. Since July 2013, the company is part of the global technology group Saurer, listed on the Shanghai Stock Exchange. Saurer Spinning Solutions generates annual sales of approx. EUR 450m with around 1,200 employees in three locations in Germany.

The IMAP team exclusively advised Saurer Spinning Solutions GmbH & Co. KG in structuring and conducting a limited investor process as financial advisor.