Financial Restructuring of SFA with ADM Investment, Followed by Sale to Frigoglass

SFA completed its financial restructuring and emerged from bankruptcy protection by means of the investment from Hong Kong-based Asian Debt Management, which acquired debt from the existing creditors at a discount, acquired shares of the company, and provided additional long-term financing in the form of capital increase and debt financing. In addition to ADM, strategic partner of the company, Austria-based AHT provided working capital financing to the company and increased its technical support. SFA was a leading manufacturer of commercial refrigeration with revenues of more than EUR 50 mn, and an annual capacity of 350,000 units. Two years later, SFA was sold to a strategic investor bringing substantial return to its investors as well as shareholders. Financial and strategic advisor to SFA