Press Release

Silverton advises Solarwatt on the takeover of the core areas of the insolvent Centrosolar Group

Silverton Financial Advisors, the consultancy firm specialising in distressed investments, corporate finance and loan & risk Management, has advised Solarwatt GmbH, Dresden, on the major financial concerns relating to its takeover of the Centrosolar subsidiaries in France and the Benelux countries, together with Centrosolar’s European trademarks.
pv magazine

Silverton’s advice was centred on financial due diligence, as well as cash-flow planning and valuation.
Solarwatt is a longstanding client of Silverton, who had already advised the company on the initiation of a risk management system and provided support for the operative restructuring carried out in house following its own insolvency proceedings.
Thoran Thegemey, co-founder and managing partner of Silverton, commented: “The successful takeover of the Centrosolar Group’s European distribution activities is a major indication of the successful long-term restructuring of the company. It significantly strengthens Solarwatt’s market position in Europe.”