M&A Deal Summary

AURELIUS Equity Opportunities Acquires Moveero

On October 19, 2020, asset manager AURELIUS Equity Opportunities acquired automotive company Moveero from GKN

Acquisition Highlights
  • This is AURELIUS Equity Opportunities’ 2nd transaction in the Automotive sector.
  • This is AURELIUS Equity Opportunities’ 15th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-10-19
Target Moveero
Sector Automotive
Buyer(s) AURELIUS Equity Opportunities
Sellers(s) GKN
Deal Type Divestiture

Target

Moveero

Telford, United Kingdom
Moveero is a manufacturer of off-highway wheels, supplying a proven range of high-quality products and systems. The company operates from manufacturing plants across Europe and North America supplying the agricultural, construction, industrial, and mining industries, including many leading international OEMs. Moveero is based in Telford, United Kingdom.

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Buyer(S) 1

DESCRIPTION

The AURELIUS Group is an independent investment firm focused on buyouts and spin-offs of Western European middle-market to large companies. The Firm looks to invest €5 to €80 million per transaction in companies valued up to €250 million. AURELIUS is a generalist investor but has a preference for opportunities in the chemicals, information technology, consumer products, business services, and industrials sectors. The AURELIUS Group was formed in 2006 and is based in Grünwald, Germany.


DEAL STATS #
Overall 52 of 64
Sector: Automotive M&A 2 of 3
Type: Divestiture M&A Deals 24 of 35
Country: United Kingdom M&A 15 of 22
Year: 2020 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 detailM

Berlin, Germany

detailM is a provider of digital and online marketing business. detailM is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Huppe

Bad Zwischenahn, Germany

Huppe is a manufacturer of shower enclosures, shower trays, wall panels, and bathroom accessories. Huppe was founded in 1889 and is based in Bad Zwischenahn, Germany.

Buy -

Seller(S) 1

SELLER

GKN

Redditch, United Kingdom

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.


DEAL STATS #
Overall 7 of 7
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
Country: United Kingdom M&A 5 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Walterscheid Powertrain Group

Lohmar, Germany

Walterscheid Powertrain Group is a provider of original equipment and aftermarket parts and services for off-highway powertrain applications. Walterscheid Powertrain Group was founded in 1919 and is based in Lohmar, Germany.

Sell -