We advised Heraeus
HSCie Customer
Heraeus Holding GmbH, Hanau, Germany
Heraeus Holding is the umbrella company of Heraeus Group, one of Germany’s largest family enterprises active in the field of precious metal trading, precious metal products, dental products, sensorics, laboratory equipment, medical technology, special lamps and quartz glass. The company has a turnover of around DM 7 billion.
www.heraeus.de
Companies involved
First Chicago Equity Capital, Chicago, USA
First Chicago Equity Capital, later renamed One Equity, is a private equity firm of the First Chicago Bank, now Bank One in the USA.
www.bankone.com
Sorvall Inc., Connecticut, USA
Sorvall is a manufacturer of centrifuges and laboratory devices with a high share of the market, especially in the USA.
Transaction
Merger of Heraeus Instruments GmbH, Hanau, with Sorvall Inc. Heraeus Instruments is a manufacturer of laboratory devices with a high share of the market, particularly in Europe. The joint company is called Kendro Inc. today.
Task
HSCie advised on the valuation and due diligence and conducted the negotiations.
Year: 1998
Transaction value: Not published
Industry: Engineering and plant construction
Business field: Mergers & Acquisitions