Saxenhammer & Co. Corporate Finance GmbH ("Saxenhammer") acted as the investment banker to Cinemedia AG („Cinemedia“) and Berliner Synchron GmbH (“Berliner Synchron”) for the divestment of Berliner Synchron GmbH to S&L Mediengruppe ("S&L"). The transaction closed in August 2016.
Berliner Synchron, founded in 1949, is one leading and long established dubbing studio in Germany with a track record of more than 8.000 dubbed films and over 60 full-time employees. The portfolio contains professional language adaptation and subtitling for international featured films, television productions and corporate media content as well as barrier-free localization solutions.
Cinemedia AG had to file for insolvency proceedings in self administration at the local court of Charlottenburg. Cinemedia AG is an Entry Standard listed company at the Frankfurt Stock Exchange (WKN A1YDEE). Berliner Synchron GmbH and other affiliated companies were not affected by the insolvency proceedings.
Saxenhammer was retained by Cinemedia AG and Berliner Synchron GmbH to execute an international M&A process for the financing and the repositioning of the company.
Other professionals who worked on the transaction include:
Dr. Johann Schneider, Dr. Thorsten Kuthe, David Loszynski and Carmen Burmester of Heuking Kühn Lüer Wojtek, counsel to Cinemedia AG and Berliner Synchron GmbH; Dr. Franz Ludwig Heiss, LL.M. (Berkeley) of Heiss & Partner, counsel to S&L Mediengruppe; Christoph Schulte-Kaubruegger of White & Case, appointed as insolvency monitor by the local court of Charlottenburg
Saxenhammer & Co. Corporate Finance GmbH
is a leading boutique investment bank with over 15 years of experience focused on special situations in Germany and across continental Europe. Saxenhammer & Co. ranks amongst the top firms in this segment. Special situations are the transactions, which are characterized by complexity, speed and creativity. The objects in the transactions include companies, who look for growth opportunities, secession or external financing in crisis, under (preliminary) insolvency, or in neglected industries. The firm’s track record comprises the execution of over 130 successful transactions across all major industries with a success rate of over 90%. With an international reach through partner firms, Saxenhammer & Co. is engaged in cross-border transactions.