DC Advisory advised BASS on its sale to OSG Group

Background

• Headquartered in Niederstetten, Germany, BASS is a leading provider of high-precision cutting tools for the industrial machining of internal threads
• The engineering expertise accumulated since inception (more than 70 years ago) has enabled the family-owned business to enjoy a reputation as a global leader in high-end applications
• BASS is recognised as a unique, capable technology partner to customers across a variety of industries, such as aerospace, mechanical engineering, medical technology and transportation
• BASS serves its customers from one of the most advanced production facilities of its kind at its German headquarters, as well as a sales office in Shanghai

Process 

• DC Advisory (DC) was engaged as exclusive financial advisor to the shareholders of BASS to find the best partner for its continued success
• In addition to thorough preparation and efficient process management, DC provided strategic and tactical advice throughout the entire process until the signing of the transaction
• After a well-prepared and efficient due diligence process, an agreement was reached with the stock-listed, Japanese OSG Group which has been looking to establish a production footprint in Europe that could live up to its high quality standards
• BASS will continue to operate under its well-known brand whilst leveraging the global organisation of OSG Group

Outcome

• This transaction demonstrates DC’s excellent reputation and access to family-owned businesses, as well as its proven cross-border execution capabilities and strong sector knowledge
• Financial terms were not disclosed