M&A Deal Summary

HgCapital Acquires Schenck Process

On November 1, 2005, private equity firm HgCapital acquired machinery company Schenck Process from Durr for 205M EUR

Acquisition Highlights
  • This is HgCapital’s 1st transaction in the Machinery sector.
  • This is HgCapital’s 18th largest (disclosed) transaction.
  • This is HgCapital’s 6th transaction in Germany.
Investment Fate
  • Schenck Process was sold to a consortium of financial buyers in 2007.
  • Schenck Process was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2005-11-01
Target Schenck Process
Sector Machinery
Buyer(s) HgCapital
Sellers(s) Durr
Deal Type Divestiture
Deal Value 205M EUR

Target

Schenck Process

Darmstadt, Germany
Schenck Process is a provider of solutions in measuring and process technologies in industrial weighing, feeding, screening and automation. Schenck develops, manufactures and markets a full range of solutions, products and turnkey systems on the basis of combining process engineering expertise, reliable components and field-proven technology. Schenck Process was founded in 1881 and is based in Darmstadt, Germany.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 27 of 151
Sector (Machinery) 1 of 2
Type (Divestiture) 4 of 10
Country (Germany) 6 of 28
Year (2005) 7 of 7
Size (of disclosed) 18 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-14 Hofmann-Menu

Boxberg-Schweigern, Germany

Hofmann Menu is a market-leading provider of frozen food products as well as related on-site catering for small business canteens and social organizations such as care homes, hospitals and schools in Germany. Headquartered in Boxberg-Schweigern, Hofmann employs over 600 people. The current daily production volume is in excess of 150,000 meals, all of which are manually prepared in one of the three central kitchens and immediately shock-frozen after preparation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Paragon Healthcare Services

London, United Kingdom

Paragon Healthcare Services is a provider of speciality residential care for patients with learning disabilities. Paragon Healthcare Services was founded in 2001 and is based in London, United Kingdom.

Buy €322M

Seller(S) 1

SELLER

Durr

Bietigheim-Bissingen, Germany

Category Company
Founded 1895
Sector Automotive
Employees20,142
Revenue 4.6B EUR (2023)
DESCRIPTION

Durr is a global supplier of products, systems, and services, mainly for automobile manufacturing. Durr was founded in 1895 and is based in Bietigheim-Bissingen, Germany.


DEAL STATS #
Overall 3 of 5
Sector (Machinery) 1 of 2
Type (Divestiture) 3 of 5
Country (Germany) 2 of 2
Year (2005) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-18 Dürr - Development Test Systems Busines

Germany

Dürr - Development Test Systems Busines is a supplier of test systems for vehicle development such as engine and transmission test stands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 HeatMatrix Group BV

Vught, Netherlands

HeatMatrix Group BV company develops and produces innovative plastic heat exchangers that offer two key advantages: they can be used without difficulty with corrosive media and they are lighter and cheaper than conventional metal heat exchangers. The materials used are high-temperature plastics that guarantee use up to 230 degrees Celsius. With corrosive media, the HeatMatrix heat exchangers achieve considerably longer service lives than conventional products. The compact and low-cost modules can also be retrofitted to existing plants with very short payback periods.

Buy -