Many of the available assets were standard machinery but some required de-militarising and some were of bespoke manufacture, designed by Ruag. This mix of equipment meant that there was a large disparity between the minimum realisable value and the potential market value. Apex were able to provide a fixed guarantee to peg the minimum return with a share of the profit to be shared with Ruag.
Apex worked with BAE Systems to sell the complete plant to a partnering business in India utilising BAE’s offset obligations. The equipment was eventually sold above market value to an Indian industrial group with all licenses agreed with the Swiss authorities.
Victorian Wood Works Ltd
After the company went into administration in January, Apex were approached by the administrator’s agent to conduct an online auction of all the companies machinery assets and stock.
All machinery sold achieved prices far in excess of the client’s expectations and a third party independent valuation.
Utilizing a dual marketing technique we were able to attract over 130 bidders and produced sales over $500,000 for this client.
Both sites were cleared by the established timeframe, bidding was robust and well exceeded the customers’ expectations.