M&A Deal Summary

Zhongding Group Acquires TriStone Flowtech Group

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

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

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

Target

TriStone Flowtech Group

Frankfurt, Germany
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

Zhongding Group

Ningguo, China
Category Company
Founded 1980
Sector Automotive
Employees23,183
Revenue 17.2B CNY (2023)
DESCRIPTION

Zhongding Group is an automotive parts manufactures. Company provide parts not only for domestic OEMs but also offer parts to international advanced OEMs and corporations. Zhongding Group 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

Munich, Germany

Investor

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

BAVARIA Industries Group 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. BAVARIA Industries Group was formed in 2003 and is based in Munich.

DEAL STATS #
Overall 7 of 9
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 7 of 8
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

Product

Company

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