goetzpartners advised thyssenkrupp Marine Systems GmbH

goetzpartners advised thyssenkrupp Marine Systems GmbH on its acquisition of selected assets from MV Werften Wismar GmbH

goetzpartners advised thyssenkrupp Marine Systems GmbH (“thyssenkrupp Marine Systems”) on the acquisition of essential assets of the insolvent MV Werften Wismar GmbH (“MV Werften Wismar”). thyssenkrupp Marine Systems is planning to manufacture submarines in Wismar in the course of 2024.

The project approach was tailored to the situation's specific circumstances of a competitive bidding process within ongoing insolvency proceedings. goetzpartners supported the client throughout the entire transaction process, from setting up and accompanying the different due diligence streams as well as evaluating potential risks to prepare communication and negotiation strategies.

The project complements goetzpartners’ extensive experience in insolvency-related transactions.

About Thyssenkrupp Marine Systems
Headquartered in Kiel, thyssenkrupp Marine Systems is a leading global supplier of high-end submarines and surface vessels, electronics and services with German roots. It is operating in four main business areas such as submarines, surface vessels, services, and naval electronic systems. With approx. 6,500 employees thyssenkrupp Marine Systems serves a global customer base and can look back on 175 years of shipbuilding tradition.

About MV Werften Wismar
Located in Wismar, MV Werften Wismar is a manufacturer of the world's largest and most technologically advanced cruise liners. The shipyard in Wismar has one of the largest dock halls in Europe enabling MV Werften to build some of the biggest cruise ships in the world. In March 2022 District Court of Schwerin has officially opened insolvency proceedings for MV Werften.

Transaction Team

Prof. Dr. Jochen Vogel
Managing Director
Email

Sebastian Leidig
Principal

Andreas Mannseicher
Senior Consultant