The case investigates the steps taken by private equity investors to restructure a European industrial gas concern complicated by partial family ownership, and held by Hoechts. The case considers the relationship the associates forged with the family owners to bring about a favorable exit for the private equity associates and ownership for the Messer family. In Messer Griesheim, a European industrial gas concern, Goldman Sachs and Allianz Capital Partners acquired a majority stake in 2001. Several challenges were faced by the dealmakers, including fine corporate governance problems for industrial gases due to a merging market as well as partial family possession. Aiming to make Messer Griesheim a more appealing possible acquisition, Messer Griesheim management had drawn up a restructuring strategy as early as 2000. The case investigates the relationship the partners forged with the family owners, to bring about a favorable way out for the private equity partners and ownership for the Messer family, as well as the the measures taken by the private equity investors to restructure the company. The case considers the relationship the associates forged with the family owners to bring about a favorable way out for the private equity associates and ownership for the Messer family.
PUBLICATION DATE: August 07, 2012 PRODUCT #: 813018-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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