Hettich Holding markets Schuldschein exclusively via DEBTVISION

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Hettich Holding markets Schuldschein exclusively via DEBTVISION

  • Hettich Holding GmbH & Co. oHG carried out a digital Schuldschein transaction for the first time via the digital Schuldschein platform DEBTVISION, accompanied by LBBW.
  • The transaction was marketed exclusively on the DEBTVISION platform.
  • Michael Dewert, Head of Treasury / Finance at Hettich Holding: “From our point of view it was a very successful transaction – our expectations regarding transparency, efficiency and cost reduction through the use of the platform technology were met in all parts.”

Hettich Holding GmbH & Co. oHG has for the first time marketed a Schuldschein transaction digitally via the digital Schuldschein platform DEBTVISION, accompanied by LBBW. The transaction with terms of 5, 6, 7 and 10 years was exclusively marketed via the digital platform from Debtvision to the broad network of professional Schuldschein investors. Hettich Holding is already a Schuldschein-experienced company that was last active on the market in 2017 and had chosen the digital marketing channel for the current transaction for the first time.

The transaction generated high demand among the Schuldschein investors, so that individual tranches had to be closed after only 2 days. During the 4-week marketing phase, all parties involved always had full transparency about the transaction thanks to the platform as a single point of information. Questions from the investors to the company were answered quickly, directly and efficiently by the employees of the Hettich Holding treasury. The transaction volume was increased from the EUR 30 million originally stated in the term sheet to EUR 40 million to take account of the high level of investor interest.

Nearly 300 professional investors from the Schuldschein market are now connected to the Debtvision platform.

Christoph Steinbrich.
»Exclusive transactions such as the Hettich Holding show the actual added value of Debtvision’s platform concept. This is the only way for all parties involved to have a uniform and complete information base and the necessary transparency about the transaction in order to be able to benefit from advantages generated by the use of platform technologies.«

Michael Dewert, Head of Treasury / Finance at Hettich Holding GmbH & Co. oHG.
»Our experiences with Debtvision were consistently positive, which is why we decided to replicate our already issued old Schuldscheine on the platform. This allows us to contact all invested (old and new) investors effectively and efficiently via the platform and provide them with important information.«

DEBTVISION GmbH is a joint subsidiary of LBBW and Börse Stuttgart. The Stuttgart-based company operates the digital marketplace for Schuldscheine. Managing Director of DEBTVISION is Christoph Steinbrich, an experienced and recognized Schuldschein expert.

About Hettich Holding GmbH & Co. oHG
We create the perfect combination of intelligent technology, functionality and design. It is with this claim that we develop and produce a variety of fittings for all sorts of different functions. The drawer systems and runner systems above Hinges as well as Sliding and folding door systems. Because good furniture needs good solutions – for the home, working world and quality of life. Every day, over 6,700 members of staff take up the challenge of developing intelligent technology for furniture. The home of the family-owned business is in Kirchlengern, Germany.

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