M&A Deal Summary

Horizon Global Acquires Westfalia-Automotive

On August 25, 2016, Horizon Global acquired automotive company Westfalia-Automotive from DPE Deutsche Private Equity and BayernLB Capital Partner for 89M EUR

Acquisition Highlights
  • This is Horizon Global’s 4th transaction in the Automotive sector.
  • This is Horizon Global’s 0th largest (disclosed) transaction.
  • This is Horizon Global’s 1st transaction in Germany.

M&A Deal Summary
Date 2016-08-25
Target Westfalia-Automotive
Sector Automotive
Buyer(s) Horizon Global
Sellers(s) DPE Deutsche Private Equity
BayernLB Capital Partner
Deal Type Add-on Acquisition
Deal Value 89M EUR
Advisor(s) Eversheds LLP
Jones Day (Legal)

Target

Westfalia-Automotive

Rheda-Wiedenbrück, Germany
Westfalia-Automotive GmbH is a manufacturer of towbars, wiring kits and carrier systems for cars and light utility vehicles with an international presence.

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Buyer(S) 1

Buyer

Horizon Global

Plymouth, Michigan, United States
Category Company
Founded 2015
Sector Automotive
Revenue 782M USD (2021)
DESCRIPTION

Horizon Global is a designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products on a global basis, serving the automotive aftermarket, retail and OE channels. Horizon Global was founded in 2015 is based in Plymouth, Michigan.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 3 of 3
Country (Germany) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Terwa

Ijsselstein, Netherlands

Terwa is a manufacturing and trading company with a strong position as a supplier to the construction and automotive sectors. Terwa is based in Ijsselstein, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Horizon Global - Asia-Pacific Business Segment

United States

Horizon Global's Asia-Pacific Business Segment is a manufacturer and distributor of automotive products.

Sell AU$340M

Seller(S) 2

SELLER

DPE Deutsche Private Equity

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Deutsche Private Equity (DPE) is a private equity firm focused on investments in German, Swiss and Austrian middle-market companies. Parcom looks to invest €5 to €50 million in businesses valued from €10 to €150 million. Target sectors include business services, education, healthcare, industrial technology and alternative energy/environmental. DPE prefers majority positions but will consider minority situations with an agreed upon strategy and exit and control clauses. DPE will not invest in start-ups or turnaround situations. DPE is a unit of Parcom Capital, an investment subsidiary of the Dutch ING Group. Deutsche Private Equity was formed in 2007 and is based in Munich, Germany.

DEAL STATS #
Overall 7 of 16
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 5 of 8
Country (Germany) 6 of 14
Year (2016) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Terwa

Ijsselstein, Netherlands

Terwa is a manufacturing and trading company with a strong position as a supplier to the construction and automotive sectors. Terwa is based in Ijsselstein, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Euro-Druckservice

Passau, Germany

Euro-Druckservice offers digital services as well as storage, fulfillment, and logistics services operating from 12 locations across Central and Eastern Europe (CEE), and is one of the markets in industrial printing. Web offset printing is best suited to large runs of time-sensitive products, particularly magazines and tactical promotional print for multiple retailers. Euro-Druckservice was founded in 1992 and is based in Passau, Germany.

Buy -
SELLER

BayernLB Capital Partner

Category Private Equity Firm
Founded 1969
Size Small
Type Sector Agnostic
DESCRIPTION

BayernLB Capital Partner is a German investment firm focused on providing equity and mezzanine capital to growth-oriented small to medium-sized companies. The Firm looks to invest €5 to €30 million in profitable companies with at least €15 million in revenue. BayernLB does not have any sector preferences and will consider a variety of investment situations including growth capital financings, divestitures, and buyouts. BayernLB Capital Partner was formed in 1969 and is based in Munich.

DEAL STATS #
Overall 4 of 6
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Germany) 4 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 EnOcean

Oberhaching, Germany

EnOcean GmbH is a energy-autonomous and maintenance-free wireless sensors for use in buildings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 NFON

Munich, Germany

NFON is a cloud telephone system for easy business communication. NFON was founded in 2007 and is based in Munich, Germany.

Sell -
Mergr

Product

Company

Legal