M&A Deal Summary

Equistone and Ardian Acquire Tekfor

On August 17, 2005, private equity firms Equistone and Ardian acquired automotive company Tekfor from HQ Equita

Acquisition Highlights
  • This is Equistone’s 4th and Ardian’s 1st transaction in the Automotive sector.
  • This is Equistone’s 11th and Ardian’s 4th transaction in Germany.
Investment Fate
  • Tekfor was sold to a strategic buyer in 2013.
  • Tekfor was divested to a consortium of strategic buyers in 2022 for 125M EUR.

M&A Deal Summary

Date 2005-08-17
Target Tekfor
Sector Automotive
Buyer(s) Equistone
Ardian
Sellers(s) HQ Equita
Deal Type Secondary Buyout

Target

Tekfor

Hausach, Germany
Tekfor engages in the development and production of pioneering solutions for transmissions, engines, drivelines, special applications, and safety fasteners. Tekfor Holding GmbH has nine manufacturing facilities across Germany, the US, Brazil, Mexico, and Italy. Tekfor is based in Hausach, Germany.

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Buyer(S) 2

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 103 of 252
Sector: Automotive M&A 4 of 6
Type: Secondary Buyout M&A Deals 10 of 83
Country: Germany M&A 11 of 43
Year: 2005 M&A 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Bluvacanze

Milano, Italy

Bluvacanze is a retailer of holiday packages. Bluvacanze is based in Milano, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-25 Auto-Sleepers

Nr Broadway, United Kingdom

Auto-Sleepers Ltd. is a motor-home manufacturer.

Sell £15M
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 31 of 465
Sector: Automotive M&A 1 of 8
Type: Secondary Buyout M&A Deals 6 of 155
Country: Germany M&A 4 of 30
Year: 2005 M&A 13 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-16 Spirit AeroSystems

Wichita, Kansas, United States

Spirit AeroSystems is an independent provider of large component parts and assemblies for commercial aircraft. Spirit AeroSystems offers manufacturing and design expertise on a broad range of products and services for aircraft original equipment manufacturers. Spirit AeroSystems was founded in 1927 and is based in Wichita, Kansas.

Buy $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-31 Bonna Sabla

Courbevoie, France

Bonna Sabla is a French specialist in precast concrete for civil engineering, hydraulics, energy, dry networks, and cemeteries. Bonna Sabla was founded in 1894 and is based in Courbevoie, France.

Sell €235M

Seller(S) 1

SELLER

HQ Equita

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

HQ Equita is a private equity firm that targets minority investments in mid-sized companies in German-speaking countries (primarily Germany, Austria and Switzerland). The Firm focuses on growth-oriented companies undergoing consolidation, with sustainable earnings power, and strong market positions. Equity seeks companies with revenues between €50 and €250 million. Equita is a generalist investor, with no sector preferences. The Fis not limited to specific industries. Equita has no limitation on its investment period, enabling it to invest in companies for the long term. The Firm will support a variety of transactions includes succession/ownership changes, group spin-offs, lead-up to IPOs, MBOs, MBIs, take privates, and growth capital financings. HQ Equita is an arm of family owned Harald Quandt Holding GmbH. HQ Equita was formed in 1992 and is based in Hamburg.


DEAL STATS #
Overall 2 of 25
Sector: Automotive M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 10
Country: Germany M&A 2 of 21
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 AHT Cooling Systems

Rottenmann, Austria

AHT Cooling Systems GmbH is a developer of industrial refrigeration and deep-freezing technology with main areas of business being fridges and deep freezes for supermarkets, ice cream freezers and drinks cooling. AHT Cooling Systems was founded in 1998 and is based in Rottenmann, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-25 Barat Ceramics

Auma, Germany

Barat Ceramics is a manufacturer of electronic and measurement components, metal-ceramic composites, ceramic wear components and ceramic parts for ballistic applications, particularly for armour-clad vehicles.

Buy -