Sirona

Sirona Dental Systems is the business Siemans AG is sold in an auction. In September 1997 buyout firm Schroder Ventures has to decide whether to make a binding offer for the business. Schroder has conducted extensive due diligence with the assistance of a team of consultants. There seems to be some unrealized growth potential and room to reduce costs at Sirona. But there is also considerable uncertainty about cost reduction and growth scenarios. Furthermore, it seems to be problematic … Read more »

Sirona Dental Systems is the business Siemans AG is sold in an auction. In September 1997 buyout firm Schroder Ventures has to decide whether to make a binding offer for the business. Schroder has conducted extensive due diligence with the assistance of a team of consultants. There seems to be some unrealized growth potential and room to reduce costs at Sirona. But there is also considerable uncertainty about cost reduction and growth scenarios. There also seems to be problems at Sirona subsidiaries abroad. Finally, the financing of the feasibility of a high-yield offering, the first of its kind in Germany is from.
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from
Walter Kümmerle,
Chad Ellis
Source: Harvard Business School
21 pages.
Release Date: 14 June 1999. Prod #: 899076-PDF-ENG
Sirona HBR case solution