M&A Deal Summary

Silverfleet Capital Acquires JOST

On September 1, 2005, private equity firm Silverfleet Capital acquired automotive company JOST from Alpha Group for 320M GBP

Acquisition Highlights
  • This is Silverfleet Capital’s 1st transaction in the Automotive sector.
  • This is Silverfleet Capital’s 2nd largest (disclosed) transaction.
  • This is Silverfleet Capital’s 3rd transaction in Germany.
Investment Fate
  • JOST was sold to a consortium of financial buyers in 2008.
  • JOST went public in 2017.

M&A Deal Summary

Date 2005-09-01
Target JOST
Sector Automotive
Buyer(s) Silverfleet Capital
Sellers(s) Alpha Group
Deal Type Secondary Buyout
Deal Value 320M GBP

Target

JOST

Neu-Isenburg, Germany
JOST is a manufacturer of components for connecting truck and trailer units. The Company offers branded quality products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering). JOST was founded in 2008 and is based in Neu-Isenburg, Germany.

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Silverfleet Capital

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.


DEAL STATS #
Overall 21 of 50
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 14
Country: Germany M&A 3 of 10
Year: 2005 M&A 2 of 2
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-26 Barracuda Group

Marlow, United Kingdom

Barracuda Group is a national operator of pubs and bars, and is one of the top ten largest managed pub operators in the UK, with four distinct brands; Smith and Jones, Varsity, Barracuda Bar and Juniper Inns. Barracuda Group was founded in 2000 and is based in Marlow, United Kingdom.

Sell £262M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Paramount Restaurants

United Kingdom

Paramount operates 76 restaurants throughout the UK under the following well-known brands: Chez Gerard, Bertorelli, Caffe Uno, Livebait, Cafe Fish and the recently launched Brasserie Chez Gerard. The group employs around 1,800 staff. The group was created by the combination of Group Chez Gerard and Caffe Uno. Paramount PLC acquired Group Chez Gerard in 2003 and was then, in turn, taken private from AIM in 2005. Caffe Uno was acquired from The Restaurant Group PLC in December 2005.

Buy -

Seller(S) 1

SELLER

Alpha Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 11 of 40
Sector: Automotive M&A 1 of 2
Type: Secondary Buyout M&A Deals 6 of 27
Country: Germany M&A 3 of 5
Year: 2005 M&A 2 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 REP International SA

Corbas, France

REP International SA Manufacturer of rubber injection moulding equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Loxam

Prais, France

Loxam is a provider in the rental of materials for building, public works, green spaces, services, industry, and events, offers all the equipment and tools for carrying out your work. Loxam was established in 1967 and is based in Prais, France.

Sell -