• Transactions

MELAG Medizintechnik Financing in the Context of the Reorganisation of the Shareholder Structure

The Company

MELAG Medizintechnik GmbH & Co. KG ("MELAG") is a in third generation family-owned medical technology company founded in 1951, headquartered in Berlin. 

The company develops and produces "made in Germany" solutions for instrument reprocessing in practices and clinics and exports, among other things, sterilisers and disinfectors to over 80 countries. With almost 500 employees, MELAG is the world market leader in its market segment.

The Transaction

In the context of the upcoming reorganisation of the shareholder structure, the objective was to cover essential financing needs of this reorganisation by the company. At the same time, the financing flexibility for the company's continued very strong growth prospects was to be maintained or even expanded. 

Against this backdrop, MELAG aimed to establish a broader external debt financing structure for the first time that could cover the various financing needs simultaneously on a long-term and flexible basis. 

On the basis of corresponding transaction dialogues with a group of selected potential financing partners, a financing solution consisting of several medium- and long-term bank loan tranches with a mix of fixed and variable interest rates as well as fixed, variable and revolving repayment profiles was ultimately implemented.

Scope of Mandate

ARGONAS advised and supported MELAG and its majority shareholders as exclusive corporate finance advisor on all aspects of the transaction (including the development of a strategic financial plan as well as the structuring and implementation of the financing concept).

Christian Berkhoff

Managing Partner/Co-Founder

Christian Berkhoff is Managing Partner at ARGONAS und has more than 20 years of experience in Corporate Finance Advisory und Investment Banking. 

At ARGONAS, Christian leads M&A and financing projects across a broad spectrum of industries, sectors and company situations. Christian’s focus areas are businesses in the Industrial & Automotive and Business Services space as well as complex financing solutions and M&A situations. 

Selected transaction references comprise inter alia the sale of the Siemens subsidiary Symeo to US-listed Analog Devices, the sale of Tecno Plast to Swedish Indutrade Group in the context of a succession solution, the carve-out and sale of a business segment for the international Auria Solutions Group as well as multiple financing and M&A projects for Feuer powertrain. 

Prior to co-founding ARGONAS, Christian inter alia worked for J.P. Morgan in London and Dresdner Kleinwort Wasserstein in Frankfurt, where he predominantly advised multinational corporations and large midmarket companies on structured debt and hybrid capital solutions.

Christian holds a degree in business administration from Goethe-University Frankfurt and a Masters in Finance degree from London Business School.