Funding Solutions Deutschland (FSD) has onboarded former sintered components manufacturer Sinterwerke Herne GmbH from Sumitomo Electric Industries. The entity will be managed by FSD as Funding Solutions Sinterwerke Herne Pensions GmbH. The transaction is our ninth completed pensioner firm buyout.
FSD has been selected as part of an extensive selection process, managed by corporate and works law experts of ARQIS, that also included presentations with works council representatives and beneficiaries.
The Pension Liability Transfer comprises a range of obligations including direct pension commitments as well as Pensionsfonds obligations. Our Funding Solutions Governance Platform is used as a sustainable run-off framework. It employs well-established safeguards like clearly capped compensation and Helaba Trust e.V. as external CTA trustee.
About Sinterwerke Herne GmbH
Sinterwerke Herne GmbH manufactured sintered components for automotive and power tool industries. It was originally founded in 1971 as Bosch's Sintertechnik business division. Subsequently, it was carved out in 1990 as a joint venture between Bosch and TDK as BT Magnete Technologie GmbH. In 2019, the company was acquired by Japanese corporate Sumitomo Electric Industries, Ltd.
About Sumitomo Electric Industries
Sumitomo Electric Industries (SEI), founded 1897, is a global leader in electrical/electronic manufacturing. SEI specializes in electrical wiring and optical fiber cables within automotive, information, electronics, energy and industrial materials sectors. The Osaka-based company is listed in the Tokyo Stock Exchange Prime Market (5802) and is part of both Nikkei 225 and TOPIX. It has over 290,000 employees worldwide and total revenue (2023) of 29 billion USD.
About Funding Solutions
Funding Solutions was founded in 2018 by pension and investment experts as a Pension Risk Boutique. Today, Funding Solutions serves numerous multinational corporations in structuring, managing, and monitoring their pensions and investment landscape. Funding Solutions has developed the pension risk transfer concept for Germany. FSD realized the largest commercial Pension Buyout transaction using a pensioner company. Funding Solutions has assumed pension commitments exceeding EUR 320 million from industrial, service companies, and regulated banking institutions.