M&A Deal Summary

RCP Acquires Steel Automotive

On June 14, 2023, private equity firm RCP acquired automotive company Steel Automotive from Adient - Automotive Fabric Business

Acquisition Highlights
  • This is RCP’s 2nd transaction in the Automotive sector.
  • This is RCP’s 4th transaction in Germany.

M&A Deal Summary

Date 2023-06-14
Target Steel Automotive
Sector Automotive
Buyer(s) RCP
Sellers(s) Adient - Automotive Fabric Business
Deal Type Divestiture

Target

Steel Automotive

Grobbottwar, Germany
Steel is specialised in metal stamping and forming market as a provider of the entire value chain, offering tailor made solutions for specified automotive products. Steel Automotive was founded in 2004 and is based in Grobbottwar, Germany.

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Buyer(S) 1

Buyer
DESCRIPTION

RCP is a private equity firm focused on special situation investments in medium-sized European companies. The Firm targets control investments in businesses with revenue between €5 and €500 million. RCP will consider investments in a variety of industries and looks for situations where the Firm can leverage its operational expertise. RCP was founded in 2014 and is based in Munich, Germany.


DEAL STATS #
Overall 5 of 5
Sector: Automotive M&A 2 of 2
Type: Divestiture M&A Deals 5 of 5
Country: Germany M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 PowerTech Converter

Berlin, Germany

PowerTech Converter provides electric power supply systems for automotive vehicles. PowerTech Converter is based in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-06 AXICOM

Wohlen, Switzerland

AXICOM is a provider of advanced products and solutions in the area of high voltage (HV) power transmission. AXICOM was founded in 1958 and is based in Wohlen, Switzerland.

Sell -

Seller(S) 1

SELLER

Adient - Automotive Fabric Business

Dublin, Ireland

Category Company
Sector Automotive
DESCRIPTION

Adient plc's Automotive Fabric Business comprises automotive fabric manufacturing and lamination business.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1