M&A Deal Summary

Kubera Partners and Superior Industries International Acquire Synergies Castings

On December 1, 2007, private equity firm Kubera Partners and Superior Industries International acquired automotive company Synergies Castings

Acquisition Highlights
  • This is Kubera Partners’ 1st and Superior Industries International’s 1st transaction in the Automotive sector.
  • This is Kubera Partners’ 4th and Superior Industries International’s 1st transaction in India.

M&A Deal Summary

Date 2007-12-01
Target Synergies Castings
Sector Automotive
Buyer(s) Kubera Partners
Superior Industries International
Deal Type Buyout (LBO, MBO, MBI)

Target

Synergies Castings

Visakhapatnam, India
Synergies Castings manufactures alloy and chrome-plated wheels for OEMs. Synergies Castings has one of the few integrated chrome plating facilities in the world with the capability to manufacture large-diameter wheels. Synergies Castings is based in Visakhapatnam, Andhra Pradesh.

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Buyer(S) 2

Buyer

Kubera Partners

New York, New York, United States

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Kubera Partners is a private equity firm focused on investing in companies with 'cross-border' business activity between North American/Europe and Asia/India. Kubera manages the Kubera Cross-Border Fund and specifically looks for businesses where the Firm can help bridge the gap in terms of reaching new markets or leveraging lower cost resources and talent. Kubera is sector agnostic and generally looks to partner with management when pursuing investments. Kubera can commit greater amounts depending on the opportunity. Kubera will not invest in early-stage opportunities, passive investments where the Firm does not have a board seat or assets without a management team in place. Kubera Partners was formed in 2006 and maintains offices in Garden City, New York and Mumbai.


DEAL STATS #
Overall 6 of 9
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
Country: India M&A 4 of 7
Year: 2007 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Venture Infotek Global Private

Mumbai, India

Venture Infotek is India's leading transaction processing company, providing integrated card payment solutions to organizations across several industry verticals including banking, financial services, petroleum, retail, and telecommunications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-30 GSS Infotech

Hyderabad, India

GSS Infotech provides IT infrastructure management and enterprise application integration services. GSS Infotech was founded in 1999 and is based in Hyderabad, India.

Buy -
Buyer

Superior Industries International

Southfield, Michigan, United States

Category Company
Founded 1957
Sector Automotive
Employees6,500
Revenue 1.3B USD (2024)
DESCRIPTION
Superior Industries' headquarters in Southfield, Michigan.
Superior Industries' headquarters in Southfield, Michigan.

Superior Industries International is an OEM provider of cast aluminum road wheels. Superior Industries was founded in 1957 and is based in Southfield, Michigan.


DEAL STATS #
Overall 1 of 2
Sector: Automotive M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 UNIWHEELS AG

Bad Durkheim, Germany

UNIWHEELS AG is a manufactuer of aluminum wheels for passenger cars and light-duty vehicles in Europe and is one of the few technology leaders worldwide in the aluminum wheel industry. UNIWHEELS is the third largest European supplier of OEM wheels for the automotive industry as well as the market-leading manufacturer of alloy wheels for the aftermarket in Europe.

Buy $715M