Clearwater acted as sole financial adviser to Bilfinger Berger SE on its acquisition of AE&E CZ s.r.o., the Czech subsidiary of the insolvent Austrian industrial group A-TEC Industries AG, through an asset deal.
The Czech-based company has been part of the AE&E group since 2006 and offers turn-key products and solutions for environmentally efficient steam generators, with a focus on gas turbine waste heat boilers and biomass boilers, related equipment and services. The company generates revenues of approximately €50m with a workforce of around 170 people.
