Gisle Arnesen

Background

This large industrial manufacturer of heavy machinery elements for wind turbines and generators, was faced with an unexpected bankruptcy.

Equipment highlights

These included boring and milling machines (e.g. SKODA W150 MU1200 CNC, SCHIESS FRORIEP), lathes (e.g. GEMINIS), and large quantities of professional tools.

Transaction

Contacts between the Swedish law firm Carler and PIPM resulted in the agreement for the purchase of assets, including full site clearance.

Procedure

PIPM using its very extensive international network of buyers, intelligent remarketing tools within this sector and network of dismantling and international transport partners, sold all the assets within a short term and respected the tight timeframes set by the insolvency administration and the owner of the real estate.

Result

The property was handed back completely empty and broom clean to full satisfaction of all parties involved.