Buyout (LBO, MBO, MBI) • Manufacturing

Jet Investment Acquires Hoeckle

On December 15, 2017, private equity firm Jet Investment acquired manufacturer Hoeckle

Acquisition Context
  • This is Jet Investment’s 2nd transaction in the Manufacturing sector.
  • This is Jet Investment’s 1st transaction in Austria.

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M&A Deal Summary

Date December 15, 2017
Target Hoeckle
Sector Manufacturing
Buyer(s) Jet Investment
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Hoeckle

Osterreich, Austria
Hoeckle specializes in manufacturing crankshafts and connecting rods. The group’s overall product portfolio serves a broad spectrum of its market – from manufacturers of automobiles to producers of tractors, construction and agricultural machinery, and snowmobiles. Hoeckle is based in Osterreich, Austria.
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Buyer Overview 1

Buyer

Jet Investment

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jet Investment is a private equity firm focused on investments in small and medium-sized industrial companies across Central and Eastern Europe. The Firm seeks majority stakes in businesses with EBITDA up to €30 million in the engineering, rail, automotive, chemicals, natural gas, wood processing, and textiles industries. Jet Investment typically commits up to €100 million per transaction to support growth, buy-out, succession, and turnaround situations. Jet Investment was established in 1997 and is based in Brno, Czech Republic.


Deal Context for Buyer #
Overall 5 of 11
Sector: Manufacturing 2 of 3
Type: Buyout (LBO, MBO, MBI) 5 of 9
Country: Austria 1 of 1
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Benet Automotive s.r.o.

Mlada Boleslav, Czech Republic

Benet is a tier one supplier of composite components to the automotive industry, offering advanced technologies for carbon-fiber-reinforced and glass-fiber-reinforced plastic molding, as well as the painting and assembly of vehicles. The company specializes in reinforced reaction injection molding (RRIM), a low-pressure process using polyurethane; and both conventional autoclave and resin transfer molding (RTM). Benet has three facilities in Czechia and one in Germany to serve European automotive OEMs including Volkswagen, Mercedes, BMW, Audi and Skoda.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 TEDOM

Vycapy, Czech Republic

TEDOM is an international producer and operator of gas cogeneration units, with manufacturing plants in Trebíc, Horovice and Jablonec nad Nisou, exports equipment for efficient electricity, heat and cooling production to more than 40 countries. TEDOM was founded in 1991 and is based in Vycapy, Czech Republic.

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