The Takeover of Klenk by The Carlyle Group Was Completed on 30 August 2013

The takeover of Klenk by the US investment company The Carlyle Group was completed on 30 August 2013; this marks the conclusion of the M&A process involving Klenk that had been underway since autumn 2012. According to a report from PricewaterhouseCoopers (PwC), which had accompanied the M&A process as the executive auditing company and as financial advisor for the trustee, Carlyle has purchased all the Klenk shares. Isartor, appointed trustee by the shareholders, acted as vendor of the Klenk shares. Besides Klenk's shares, Carlyle has also acquired the company's outstanding accounts payable to its lenders. In the business report for the fiscal year 2011 published in the digital edition of the German Federal Gazette in December 2012, Klenk had posted the sum of €142.17m as liabilities to banks.