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M&A Deal Summary

mutares AG Acquires PrimoTECS

On February 4, 2020, private equity firm mutares AG acquired automotive company PrimoTECS from Tekfor

Acquisition Highlights
  • This is mutares AG’s 3rd transaction in the Automotive sector.
  • This is mutares AG’s 3rd transaction in Italy.

M&A Deal Summary
Date 2020-02-04
Target PrimoTECS
Sector Automotive
Buyer(s) mutares AG
Sellers(s) Tekfor
Deal Type Divestiture

Target

PrimoTECS

Avigliana, Italy
PrimoTECS is a manufacturer of high-quality components for Tier 1 and Tier 2 suppliers in the automotive industry. PRIMOTECS employs approx. 670 people and operates two production sites in Northern Italy, where it produces components for use in electric, hybrid and conventional powertrains. PrimoTECS was founded in 2020 and is based in Avigliana, Italy.

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Buyer(S) 1

Buyer

mutares AG

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

mutares AG (MUX:Berlin) is a publicly traded German holding group that acquires controlling stakes in small and medium-sized companies. mutares looks for businesses facing special situations, such as non-core divestitures, succession issues, or in need of restructuring. Target companies generally have at least €10 million in revenues. mutares does not have any sector preferences. mutares AG was formed in 2008 and is based in Munich.

DEAL STATS #
Overall 28 of 52
Sector: Automotive M&A 3 of 5
Type: Divestiture M&A Deals 19 of 39
Country: Italy M&A 3 of 6
Year: 2020 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-18 BEXITY

Wien, Austria

BEXITY is a provider of cross-border transport logistics and warehousing services with several locations in Austria. Q Logistics GmbH trades general cargo, chartered goods, and serves customers from various industries, including the food, pharmaceutical, and fast-moving consumer goods (FMCG) industries. BEXITY GmbH is based in Wien, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Nexive

Milan, Italy

Nexive is a platform for the delivery of mail and e-commerce, a connection point for companies and people, documents and goods. Nexive Services is based in Milan, Italy.

Buy -

Seller(S) 1

SELLER

Tekfor

Hausach, Germany
Category Company
Sector Automotive
Employees2,100
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Officine Meccaniche Villar Perosa

Italy

Officine Meccaniche Villar Perosa SpA is a manufacturer of ball bearing for automotive industry.

Buy -
Mergr

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