Düsseldorf, April 2020: I-ADVISE advises the Munich-based investor Ad_Astra on the successful takeover of the traditional soap manufacturer Kappus.

Ad_Astra acquires the operations of the insolvent Kappus Group at Heitersheim (“Hirtler Seifen”) and Riesa (“Kappus Riesa”) through European Soap Holding GmbH, Munich. Kappus, whose origins go back to 1848, is one of the leading European soap manufacturers and produces more than 130 million bars of soap and syndets p.a. With 150 employees at both locations, Kappus achieves sales of around € 40 million.

I-ADVISE advised Ad_Astra on the implementation of this M&A project providing financial due diligence support, preparing the business plan and in structuring of the acquisition in the form of an asset deal.