Advice in the context of the restart of Smit Ovens

Smit Ovens, active as a solar cell constructor, was at the time an investment of one of the Private Equity parties advised by Beaufort. The company ran into problems due to a setback in a multi-million order in Japan. Making the machines for the Asian customer ultimately ended up being more expensive than expected, making a bankruptcy inevitable. Beaufort assisted the PE party and the management during the restart, as a result of which the company could be bought back from the bankruptcy trustee. Since then, this innovative company has again shown great results.

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