Description Full-service provider of forged and machined parts supplying OEM and Tier 1 customers in automotive, agricultural and food industry; about 200 employees expected to generate sales of EUR 20 Mio. in 2015 and EBITDA of EUR 1 Mio.; Purchase price (debt free) guidance at EUR 2.5 - 3.5 Mio. for asset book value of EUR 8 Mio.
Key Investment Highlights
- Long-term and stable customer relationships (up to 75 years) with German OEM and Tier 1 customers from automotive, agricultural and food industry
- Product portfolio comprises motor and gear components, steering parts, towing systems, hinges and valve flaps
- Single-source supplier for 90 % of its products with more than 70 active customers
- The company is currently in a restructuring phase, but is EBITDA positive since 2013
- Good return/risk ratio: Total investment of EUR 2.5 - 3.5 Mio. for book asset value of EUR 11 Mio. expected to generate a return on equity of about 30 - 40 % in 2015
- Excellent platform for buy-and-build strategy for strategic investors with direct access to all German premium automotive OEMs
- Transaction Structure: The Company is owned by banks selling up to 100 % ownership through an asset deal