What we did
Capitalmind advised HOCH.REIN on the merger of their subsidiary Opvius GmbH with Armor Beautiful Light, a spinoff from Armor Group, Nantes and throughout supported the transaction on structure, valuation and actively supported the negotiation of the transaction from LOI stage to contract and closing.
About the deal
Global Market Leader in Flexible Organic Photovoltaics created by the merger of OPVIUS and ARMOR Beautiful Light. With the integration of OPVIUS, ARMOR Beautiful Light will become the global leader in the flexible organic photovoltaics market for a variety of attractive end markets and applications.
OPVIUS GmbH, founded in 2012 and located in Nuremberg and Kitzingen (INNOPARK Kitzingen), is among the world leaders in the field of developing, producing and selling innovative organic photovoltaics for applications in the building, factory, automotive and consumer end markets.
ARMOR specializes in the industrial formulation of inks and the coating of thin layers onto thin films. With an international presence, ARMOR has nearly 1,900 employees in some 20 different countries. In 2018 it posted an annual revenue of €265m. Each year the group invests nearly €30m in R&D.
Guido Gerlach CEO, HOCH.REIN Group: “We are excited to be part of this merger creating the global market leader in flexible organic photovoltaic film. Combining the largest production capacity in the sector with extensive experience integrating film within applications. Lightweight, flexible and free of rare metals, our solar film opens up a whole array of innovative application possibilities. Capitalmind has been advising us for years so their recommendation to structuring this deal and negotiating the right transaction for us was very valuable.”