We would like to present an exciting investment opportunity to the TSB Group.
We have been mandated by the provisional insolvency administrators to acquire a suitable strategic or institutional investor to accompany the reorganisation of the renowned TSB Group from Mönchengladbach as part of a transferred restructuring process (asset deal).
The TSB Group is a conglomerate of six sister companies that function organically as one unit:
- Tiefdruck Schwann-Bagel GmbH & Co. KG: The main production company of the group, responsible for print production.
- H+B Finishing GmbH & Co. KG: Responsible for finishing processes and product refinement.
- TSB Retail GmbH & Co. KG: Responsible for sales and administration, especially in retail.
- BaSiCo Finishing GmbH & Co. KG: Specialised in finishing services and product composition.
- ISI Storage GmbH & Co. KG: AGV – autonomous transport system for the internal workflow and a fully automated high-bay warehouse with 16,000 pallet spaces.
- Garant Engineering & Purchasing GmbH & Co. KG: Engaged in engineering services and procurement for the Group.
These companies have fully integrated their value creation and production processes to ensure seamless operations within the Group. Five of the companies are currently undergoing preliminary insolvency proceedings, while Garant Engineering & Purchasing GmbH & Co. KG is expected in the near future.
With an asset deal, the Group could be merged under a streamlined NewCo, “TSB 2.0”, to create a more efficient and coherent business structure. The Group is currently fully functional and efficient and has a healthy order book. The strategic decision as to which sister company and which assets are acquired by an investor can be made on an individual basis.
The long-established family business with over 200 years of history is a respected player in the gravure printing sector, offering its customers high-quality printing solutions and first-class service. The company generated total sales of around 78 million euros in 2022. The estimated assets amount to around 17.4 million euros. Following an ambitious restructuring plan, sales of around 56 million euros with an EBITDA of 2.3 million euros and an EBITDA margin of 4.1 % are expected by 2025.
We will be happy to send you a confidentiality agreement as part of the investor process. Upon receipt and in consultation with the parties involved, you will receive more detailed information on the process.
You can contact our project team for further information at any time by e-mail at P20381@starkpartners.de or by telephone on +49 (0) 2150 7058-210.
