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Press Release:

Saxenhammer & Co. advises on the sale of
Henschel Group to TS Group

Saxenhammer & Co. Corporate Finance GmbH ("Saxenhammer & Co.") acted as the exclusive sell-side M&A advisor to the insolvency administrator of Henschel GmbH and its subsidiaries (“Henschel Group”), Dr. Andreas Kleinschmidt, in connection with the disposal of its assets and business operations to TS Group GmbH ("TS Group"), based in Aachen, Germany. The deal was signed on December 11th, 2017 and was successfully closed as of January 1st, 2018.

Founded in 1810, Henschel Group is counted as one of the world’s leading manufacturers of drive technology in vehicle and plant construction. With manufacturing facilities in Germany and Czech Republic and sales offices in the USA and China, Henschel Group offers highly engineered gearboxes to customers worldwide, especially in railway industry and oil & gas industry.

TS Group is a German mechanical and plant engineering company, specializing in the fields of test stands for tires and drive systems, optical material testing and industrial furnaces.

The Managing Director of TS Group, Dr. Stephan Köhne, commented: “I am delighted that benefiting from the acquisition of Henschel, I have the chance to perpetuate a piece of German industrial history, to restructure and develop the company out of a difficult situation. Over the past few weeks, I have been convinced by the existing know-how, the stable customer base and the commitment of the employees and I believe that we can bring Henschel back to its new strength”.

“In recent months, we have worked very hard on a restructuring solution. After extensive negotiations with various bidders from Asia and America, I am glad that a German strategic investor, TS Group has been found, who promises economic success and a long-term vision for this long-established company. It is particularly noteworthy that almost all around 200 jobs at the two sites of the Henschel Group in Kassel and Heiligenstadt are preserved. The same applies to the foreign branches“. The insolvency administrator, Dr. Kleinschmidt added.

Other professionals who worked on the transaction include:
Dr. Andreas Kleinschmidt and Dr. Ellen Meyer-Sommer from White & Case LLP
Prof. Thomas Paul from paul und collegen consulting GmbH
Dr. Maximilian von Mangoldt and Ms. Brand Carolin from FINKENHOF Rechtsanwälte PartG mbB

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 160 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.

Henschel GmbH and its subsidiaries
have divested the
operating business to
TS TestingService GmbH
CONTACTS
ON THIS DEAL
Christian A. Saxenhammer
Managing Director
cs@saxenhammer-co.com
Phone: +49 30 755 40 87-12

Tinglian Jiang
Vice President
tj@saxenhammer-co.com
Phone: +49 30 755 40 87-18

Carina Küffen
Vice President
ck@saxenhammer-co.com
Phone: +49 30 755 40 87-20

Saxenhammer & Co. Corporate Finance GmbH

Schumannstraße 18  |  10117 Berlin
T +49 30 755 40 87-0  |  F +49 30 755 40 87-19
info@saxenhammer-co.com  |  www.saxenhammer-co.com
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