Investment Summary

Safanad and Current Capital Partners Exits Rimstock

On July 5, 2023, invested in automotive company Rimstock from Safanad and Current Capital Partners

Investment Highlights
  • This is transaction in the Automotive sector.
  • This is transaction in the United Kingdom.

Investment Summary

Date 2023-07-05
Target Rimstock
Sector Automotive
Sellers(s) Safanad
Current Capital Partners
Deal Type Bankruptcy

Target

Rimstock

West Bromwich, United Kingdom
Rimstock is a manufacturer of cast and forged aluminum automotive wheels in the United Kingdom for the automotive aftermarket and original equipment manufacturers. Rimstock was founded in 1985 and is based in West Bromwich, United Kingdom.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Seller(S) 2

SELLER

Safanad

Investor Investor Investor Investor


Category Asset Manager
Founded 2009
Size Large
Type Sector Agnostic
DESCRIPTION

Safanad is a global principal investment firm focused on long-term investments in healthcare, education, student housing, suburban offices, automotive supply chain, and data centers. Safanad was established in 2009 and is headquartered in Dubai.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Element Critical

Vienna, Virginia, United States

Element Critical owns and operates regulated data centers delivering a basic formula; fiber connectivity, high power and efficient cooling, retail and wholesale services, and metered power down to a single circuit. Element Critical's first facility is a large carrier neutral, network dense and cross connect friendly Tier III data and compute center with over 8 MW of IT load in the heart of Silicon Valley. Element Critical is based in Vienna, Virginia.

Buy -
DESCRIPTION

Current Capital Partners LLC is a private investment group focused on lower middle-market opportunities. The Firm is 'hands on', comprised of former Fortune 500 execs and actively looks to work with portfolio companies. Current Capital was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector: Automotive M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 L&S Mechanical

Richardson, Texas, United States

L&S Mechanical is a provider of new home construction services in the plumbing and electrical industries. L&S Mechanical serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses. L&S Mechanical was founded in 1985 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Innovative Refrigeration Systems

Lyndhurst, Virginia, United States

Innovative Refrigeration Systems specializes in ammonia, CO2 and cascade refrigeration systems, the most energy efficient systems for large scale industrial refrigeration using sustainable natural refrigerants. With vertical integration from engineering design, manufacturing, installation to plant commissioning, Innovative helps its customers and partners complete their projects on time and on budget. Innovative Refrigeration Systems was founded in 1983 and is based in Lyndhurst, Virginia.

Buy -