M&A Deal Summary

Anhui Zhongding Holding Acquires TriStone Flowtech Group

On February 23, 2017, Anhui Zhongding Holding acquired automotive company TriStone Flowtech Group from BAVARIA Industries Group AG for 170M EUR

Acquisition Highlights
  • This is Anhui Zhongding Holding’s 2nd transaction in the Automotive sector.
  • This is Anhui Zhongding Holding’s largest (disclosed) transaction.
  • This is Anhui Zhongding Holding’s 1st transaction in Germany.

M&A Deal Summary
Date 2017-02-23
Target TriStone Flowtech Group
Sector Automotive
Buyer(s) Anhui Zhongding Holding
Sellers(s) BAVARIA Industries Group AG
Deal Type Add-on Acquisition
Deal Value 170M EUR

Target

TriStone Flowtech Group

Frankfurt, Germany
website
Tristone Flowtech Group is a full system provider of Engine and Battery Cooling, Air Charge and Air Intake applications to the automotive industry.

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Buyer(S) 1

Buyer

Anhui Zhongding Holding

Ningguo, China

website

Category Company
Founded 1980
Sector Automotive
Employees20,621
Revenue 12.6B CNY (2021)
DESCRIPTION

Anhui Zhongding Holding (Group) Co. is one of the best automotive parts manufactures in China. Company provide parts not only for domestic OEMs but also offerparts to international advanced OEMs and corporations.The products capability ,quality control ability R & D strength and market share are listing on the top in the same industry in China. Anhui Zhongding Holding (Group) Co. was founded in 1980 and is based in Ningguo, China.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Germany) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Austria Druckguss & Co KG

Gleisdorf, Austria

Austria Druckguss GmbH & Co. KG (ADG) is a supplier of complex, pressure tight die-casting parts incl. machining. The parts have a weight between a few gram and three kilogram. Different aluminium alloys are used, which allow an expansion up to 8%.

Buy -

Seller(S) 1

SELLER

BAVARIA Industries Group AG

Munich, Germany

Investor

website

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

BAVARIA Industriekapital AG is a German holding company focused on distressed opportunities in the manufacturing and industrial services sectors. BAVARIA specializes in taking over and reorganizing earnings-poor and/or unprofitable enterprises. Target businesses typically have at least $50 million in revenue. BAVARIA Industriekapital AG was formed in 2003 and is based in Munich.

DEAL STATS #
Overall 6 of 8
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 6 of 7
Country (Germany) 3 of 4
Year (2017) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Austria Druckguss & Co KG

Gleisdorf, Austria

Austria Druckguss GmbH & Co. KG (ADG) is a supplier of complex, pressure tight die-casting parts incl. machining. The parts have a weight between a few gram and three kilogram. Different aluminium alloys are used, which allow an expansion up to 8%.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 SIDES S.A.S.

Saint-Nazaire, France

SIDES S.A.S. engages in the development and manufacture of fire engines. The company manufactures fire extinguishing vehicles for use in airports, industrial plants and the municipal sector and has been active on the market for 60 years. In 2016 the company generated sales of around EUR 43 million.

Sell -
Mergr

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