ICFG Germany advised Eisele Pneumatics in their acquisition by the HENN Group
| Seller | Eisele Pneumatics |
| Target | Eisele Pneumatics |
| Deal Type | Mergers & Acquisitions |
| Buyer | HENN Group |
| Territory | Austria |
| Transaction Description | Eisele Pneumatics, which is also a family-owned company based in Waiblingen, is a specialist for high-quality pneumatic connection technology and was sold to the HENN Group within the framework of an international call for tenders. At the end of August 2020, the management of Eisele Pneumatics applied to the local court of Stuttgart for the opening of insolvency proceedings. The impacts of the corona pandemic had been substantial over the course of the year and finally culminated in a need to apply for insolvency protection. The insolvency administrator, Dr. Holger Leichtle from the law firm GÖRG Insolvenzverwalter with offices nationwide, immediately initiated a structured M&A process, engaging Wintergerst Societät für Unternehmer-Beratung exclusively for this task. Volker Wintergerst and Markus Hehn led the investor search, approaching potential buyers both nationally and internationally. After promising negotiations were held with a number of interested buyers, it was possible to close a deal with the HENN Group, a great match for all parties and completed within an extremely tight time-frame of less than two months. The purchase agreement foresees an acquisition effective 1 March 2021. |
| Industry Sector | Industrials |
| ICFG Office | Stuttgart |
ICFG member in Germany took the lead in the sale of Eisele Pneumatics in Waiblingen to the HENN Group in Dornbirn, Austria. The takeover by a traditional family-owned company based in Vorarlberg secures the future viability of the operation and consequently the majority of jobs involved.
