1993: Three former McKinsey engagement managers form the partnership
Dr. Schirmers, Hentges, Spatscheck GbR, to invest in distressed medium-sized
companies.
1994: SHS Gesellschaft für Management und Sanierung mbH founded
as a management company.
1995: Joint venture (SHS Sachsen) with Sächsische Landesbank
(Sachsen LB) to invest in companies with negative cash flows. SHS provides
the management and Sachsen LB provides the capital. SHS is the lead shareholder
with a 74,9% stake in the joint venture.
1997: Increased investment in young high tech companies, particularly
in the life sciences/ healthcare area.
2000: Issuance of two funds, one for technology investments and
the other dedicated to restructuring/ special situations. Management
company is renamed SHS Gesellschaft für Beteiligungsmanagement.
2005: SHS and Sachsen LB dissolve their joint venture; SHS Sachsen
remains with SHS and becomes the SHS Gesellschaft für Asset Management
(SHS AM).
2006: SHS AM becomes part of the management company.
2008: First closing of SHS III fund, which invests in successful high-growth companies in the life sciences and healthcare sectors.
This
fund will also be funded through means of the European Union’s “Competitiveness
and Innovation Framework Programme” (CIP).
This allows investments within the scope of the High Growth and Innovative SME Facility at the expense of the EU. That way a contribution is made to formation and funding of these enterprises as well as to compensate their funding gap in the area equity and venture capital, which especially withholds SMEs from exploiting their growth potential, thus supporting the European venture capital market.