M&A Deal Summary

CIE Automotive Acquires Grupo Recyde SL

On February 9, 2007, CIE Automotive acquired automotive company Grupo Recyde SL from Diana Capital for 19M EUR

Acquisition Highlights
  • This is CIE Automotive’s 1st transaction in the Automotive sector.
  • This is CIE Automotive’s largest (disclosed) transaction.
  • This is CIE Automotive’s 1st transaction in Spain.

M&A Deal Summary
Date 2007-02-09
Target Grupo Recyde SL
Sector Automotive
Buyer(s) CIE Automotive
Sellers(s) Diana Capital
Deal Type Add-on Acquisition
Deal Value 19M EUR

Target

Grupo Recyde SL

Legutiano, Spain
Recyde is a manufacturer of value-add parts for the automotive industry.

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Buyer(S) 1

Buyer

CIE Automotive

Bilbao, Spain
Category Company
Founded 1996
Sector Automotive
Employees25,664
Revenue 4.0B EUR (2023)
DESCRIPTION

CIE Automotive is an industrial group specialised in supplying components and subassemblies for the automotive market. It is listed on the Madrid and Bilbao stock markets, and it has presence in 4 continents and 15 countries. CIE Automotive was founded in 1996 and is based in Bilbao, Spain.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 3
Type (Add-on Acquisition) 1 of 2
Country (Spain) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 Newcor

Rochester Hills, Michigan, United States

Newcor, Inc. is specializes in the manufacturing of high precision machined products for the automotive sector.

Buy -

Seller(S) 1

SELLER

Diana Capital

Madrid, Spain

Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Diana Capital is a Spanish private equity group focused on providing growth or replacement capital to mid-sized companies. Diana generally invests €10 to €25 million per transaction and will consider opportunities in a variety of sectors. Prospective companies are typically market leaders with growth potential or family-controlled businesses in transition. Diana prefers control based positions. Diana Capital was formed in 2000 and is based in Madrid.

DEAL STATS #
Overall 1 of 5
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (Spain) 1 of 4
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-30 Grupo Guascor S.L.

Alava, Spain

Grupo Guascor SL is a diversified and global industrial group focused on the power engines manufacturing and energy industries. Its activities include: (1) manufacturing and operation of engines for power generation in isolated areas and for environmental applications, (2) operation of own power generation plants in Spain and Brazil and (3) wind, solar and biomass power industries.

Buy €21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-16 Philips Indal SL

Valladolid, Spain

Indal is a leading outdoor lighting manufacturer in the Spanish market and the fifth largest player in Europe.

Sell -
Mergr

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