Lincoln International (Special Situations Group) represents the insolvency administrator of TEMCO Textilmaschinen GmbH in the sale of its 100% subsidiary Dienes Apparatebau GmbH to an investor group led by Dr. Müller-Probandt

Frankfurt, January 2006  With effective date as of 01 January 2006, the insolvency administrator of TEMCO Textilmaschinen GmbH has sold the 100% engineering subsidiary Dienes Apparatebau GmbH to an investor group led by the former general manager of Dienes, Dr. Müller-Probandt.

Dienes Apparatebau GmbH offers standard components and customised solutions as well as specific designs and developments for spinning and heat treatment of man-made fibres. For more than 40 years Dienes has been a leading developer of sophisticated textile machinery components. With its new and renown technology for heat treatment of fibers, Dienes offers the potential of quantum leaps in its respective market with a strong potential of growth, especially in Asia.

Dr. Müller Probandt, the long-time head of Dienes and the person instrumental in developing and marketing this new technology, will focus on mainly two of the important textile markets world-wide, Europe and Asia.

About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions.  With offices in Chicago, Frankfurt, New York and Paris, and partner firms in Asia, Lincoln International has strong local knowledge of and contacts in the key global economies.  The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources.  By being focused and independent, Lincoln International serves its clients without conflicts of interest.  More information about Lincoln International can be obtained at www.lincolninternational.com. 

| back |