Bocholt, October 26th 2023 - The continuation of Gigaset's operational business has been successful. Development, production, and sales activities of Europe's market leader for DECT cordless phones will continues. Now, in partnership with the renowned M&A advisory firm Clearwater International, the search for investors begins in order to identify a long-term partner to ensure the company's economic future.
Dr. Magnus Ekerot, CEO and Chairman of the Board of Gigaset AG, commented, "We are on schedule. After about a month, we can initiate the investor process to find the best possible future partner for Gigaset. Clearwater International is assisting us in this process - as a leading international corporate finance advisory firm, Clearwater International has successfully and sustainably advised many entrepreneurs and investors on successful transactions."
Identifying a long-term partner for Gigaset is a key element for the company's further realignment. "We want to establish a viable and lasting economic foundation for Gigaset. In initial discussions with potential partners, there has already been a clear expression of interest in Gigaset. This gives us great confidence," Dr. Ekerot continued.
The trustee and creditors' committee support the M&A process. After focusing primarily on operational issues in recent weeks, the strategic phase of the company's restructuring now begins.
About Clearwater International
Clearwater International is among the leading bank-independent, owner-managed international corporate finance advisory firms. With a team of over 375 experienced professionals in 17 locations worldwide, Clearwater International has so far recorded more than 2,400 successfully completed transactions in 36 countries, totalling over 139 billion euros. Working alongside managers, shareholders, and investors, Clearwater International advises on all aspects of company purchases and sales (M&A), special situations, and financing (Debt Advisory).