It supplies almost all luxury car brands, from Rolls-Royce, Bentley, Lamborghini, Bugatti and Aston Martin to Porsche and the high-end vehicles from Mercedes, BMW and Audi. The group's core competence lies in the first-class manufacture of high-quality leather and textile materials for seat upholstery and interior elements such as gear knobs, storage compartments, armrests, etc.
Under the leadership of Axent Capital Partners, around 3,200 of the group's former 5,000 jobs will be retained. In future, both business volume and employment are expected to grow again.
The takeover specifically consists of the acquisition of the assets of Eissmann Automotive Deutschland GmbH, Bad Urach, as well as the stake in the foreign subsidiaries. The assets were transferred to the new Eissmann Deutschland GmbH, Bad Urach, in which Axent Capital Partners holds all shares. Eissmann manufactures at plants in Pirna near Dresden, as well as in Czechia, Slovakia, Hungary, Mexico and the USA.
The management team of the Eissmann Group consists of Tobias Hundertmark and Dr Sebastian Knappe as joint chief executive officers. Nicholas Hundertmark, also a partner at Axent Capital Partners, is another member of the Eissmann management team, supporting the finance department in particular. Kersten Bachmann, who served as interim CEO until the takeover by Axent Capital Partners, will remain part of the management team as COO.
Further information is available at www.eissmann.com.
Tobias Hundertmark has more than 30 years of extensive merger & acquisition experience in Europe (primarily in German-speaking countries and Italy), Eastern Europe (strong presence in Ukraine, Bulgaria and Romania) and the Far East (China, Hong Kong and South Korea). The transactions Hundertmark has advised on and been responsible for mainly include joint ventures and stake sales to strategic investors as well as minority and majority sales to leading private equity investors. In addition, Tobias has many years of experience in the management of a medium-sized group of companies. With the exception of post-graduate assignments at Price Waterhouse (management consulting) and Merrill Lynch Bank, Tobias has always worked as an entrepreneur.
Dr. Sebastian Knappe has been involved in consulting and implementing complex business projects for many years. This included, for example, the successful restructuring and realignment of a retail location in the DIY store sector. Dr. Knappe not only has many years of experience as an interim/crisis manager for various automotive suppliers, but he was also instrumental in establishing German locations for a large London-based law firm and gained extensive experience in other law firms specializing in M&A, joint ventures, private equity, restructuring, and project management. Since 2009, Sebastian Knappe has been a lecturer in the Master's program in International Energy Economics and Business Administration at the University of Leipzig.
