In the small-cap sector, the focus should be on Muehlhan shares on Monday. The reason is the sale of large parts of the operating business to the private equity company One Equity Partners, which the provider of industrial services in the fields of renewables, ships, building construction/infrastructure and oil & gas announced over the weekend.
Muehlhan is separating from the operating companies in Europe and the USA with annual sales of 191 million euros in 2021 and around 1,700 employees. For comparison: For 2022, the Hamburg-based company is forecasting sales of 250 million euros. The company assumes that the sale will be dry and dry by the first quarter of next year at the latest.
The sale price is significantly higher than the share price on Friday. „If the transaction were completed on December 31, 2022, the purchase price would correspond to a value per share of EUR 3.26,” said Muehlhan at the weekend. The Muehlhan share (WKN: A0KD0F, ISIN: DE000A0KD0F7, Chart ) closed Tradegate trading on Friday evening at EUR 2.66. The total purchase price is EUR 58.9 million, which bears interest of EUR 12,000 per day until completion. In addition, One Equity Partners will pay an estimated EUR 8 million purchase price for acquired shareholder loans from the Company.