Clifford Chance has advised financial investor Prolimity Capital Partners on the sale of tyre manufacturer RIGDON. The company was purchased by Hörger Group, a municipal waste disposal and recycling provider.

RIGDON, based in Günzburg, Bavaria, is the largest independent tyre retreader and remanufacturer in Germany. The tyres retreaded by RIGDON are used on lorries, pickups, buses, earth-moving vehicles and cars. Prolimity Capital Partners acquired the company at the end of 2014 and implemented a successful transformation programme in close cooperation with the RIGDON team.

Prolimity Capital Partners is a consultancy and investment firm specialising in the restructuring and transformation of SMEs in the DACH region. It focuses in particular on companies in special situations (e.g. group spin-offs, post-merger integrations, turnarounds, insolvencies).

The Clifford Chance team comprised partner Dr. Jörg Rhiel, of counsel Dr. Andreas Dietzel and associate Dr. Moritz Petersen (all Corporate, Frankfurt).