Deloitte M&A Advisory acted as exclusive financial advisor to the insolvency administrator Joachim Exner on the sale of Dr. Schneider Group to Samvardhana Motherson International Ltd.
Deloitte M&A Advisory acted as exclusive financial advisor to the insolvency administrator Joachim Exner (Dr. Beck & Partner GbR) on the sale of Dr. Schneider Group (“Dr. Schneider” or “Group”), a German automotive supplier of premium interior components and systems, to Samvardhana Motherson International Ltd. (“SMIL”), the India-based manufacturer of automotive components.
About the transaction
The Deloitte M&A Advisory team, led by Philipp Gebhard and supported by Niklas Elsmann, Nicole Fuhr, Nicholas Oecking and Jan Mehlis has successfully advised the insolvency administrator on the sale of Dr. Schneider to SMIL. The sale includes all assets and shares of the Group.
Dr. Schneider is headquartered in Kronach-Neuses, Germany. The Group is a market-leading automotive supplier of premium interior components and systems mainly used in passenger vehicles. Its products include air vent systems, decorative parts, covers and trim parts, storage systems, fuel fillers and charge modules. Dr. Schneider sells its products to global automotive OEMs including Volkswagen, BMW, Mercedes-Benz, Ford, JLR and other. The Group has total revenues of € 484 million and operates manufacturing plants in Germany, Poland, Spain, the USA, and China and currently employs approximately 4,500 professionals globally.
Deloitte M&A Advisory has demonstrated its strong execution capabilities by successfully completing this complex and time-critical insolvency transaction. Throughout the structured global M&A process, Deloitte showcased its profound expertise in the automotive industry, maintaining a strong momentum and ensuring a smooth and efficient cross-border transaction. This achievement reflects Deloitte’s proficiency in navigating complex international sales processes with high precision.
The transaction was signed on July 24, 2023.
About the clients
Dr. Schneider Group is a market-leading supplier of premium interior components to the automotive industry. The Group was founded in 1927 and employs approximately 4,500 professionals in 7 manufacturing plants globally. In 2022, Dr. Schneider generated total revenues of € 484 million.
Founded in 1998, Dr. Beck & Partner is one of the leading law firms in the field of insolvency administration and insolvency law in Germany. The firm operates offices in Nuremberg, Munich, Regensburg, Ansbach, Hof, Würzburg, Augsburg and Landshut. 8 insolvency administrators and more than 150 employees are in charge of insolvency proceedings with a local, nationwide and international aspect.
About Deloitte – M&A Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.