Hillenbrand to Acquire the Schenck Process Food and Performance Materials Business
06.01.23
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Simpson Thacher is advising Blackstone and its portfolio company Schenck Process, a provider of measuring and process technology solutions headquartered in Darmstadt Germany, on financing aspects of the $730 million sale of the Schenck Process Food and Performance Materials business to Hillenbrand. The Firm also advised on financing aspects of the sale of the Schenck Process mining business to Sandvik. The Firm has represented Schenck Process on various financing matters including past loan, bond and treasury solutions. The acquisition is subject to regulatory approvals and customary closing conditions.
The Simpson Thacher team includes Antti Pesonen, Adam Moss, Gert Raig and Toni Prskalo (Banking & Credit).