M&A Deal Summary

Schaeffler Acquires ATESTEO

On December 21, 2017, Schaeffler acquired automotive company ATESTEO from 3i Private Equity for 307M EUR

Acquisition Highlights
  • This is Schaeffler’s 1st transaction in the Automotive sector.
  • This is Schaeffler’s largest (disclosed) transaction.
  • This is Schaeffler’s 1st transaction in Germany.

M&A Deal Summary
Date 2017-12-21
Target ATESTEO
Sector Automotive
Buyer(s) Schaeffler
Sellers(s) 3i Private Equity
Deal Type Add-on Acquisition
Deal Value 307M EUR

Target

ATESTEO

Alsdorf, Germany
ATESTEO is a provider of independent drivetrain testing services for the international automotive and automotive supply industries with 135 testing benches in Germany, Japan, China, and North America. The company offers a cost-efficient alternative to in-house durability testing for automotive OEMs and their suppliers. Its customers include virtually all the leading OEMs and transmission manufacturers. ATESTEO was founded in 1986 and headquartered in Alsdorf near Aachen, Germany.

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Buyer(S) 1

Buyer

Schaeffler

Herzogenaurach, Germany
Category Company
Founded 1946
Sector Automotive
Employees83,793
Revenue 16.3B EUR (2023)
DESCRIPTION

Schaeffler is a global supplier to the automotive and industrial sectors. Its portfolio includes high-precision components and systems for engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. Schaeffler was founded in 1946 and is based in Herzogenaurach, Germany.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Germany) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Catensys

Erlangen, Germany

Catensys is a global supplier for chain drive systems. Chain drives systems are installed as part of the drive system in the internal combustion engines of passenger cars and other vehicles such as motorcycles as well as modern and environmentally friendly hybrid drives. Catensys is based in Erlangen, Germany.

Sell -

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 185 of 194
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 57 of 61
Country (Germany) 12 of 12
Year (2017) 9 of 9
Size (of disclosed) 30 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Hobbs

London, United Kingdom

Hobbs Ltd. is a contemporary fashion designer and retailer of women’s apparel, shoes and accessories, operating at the premium end of the UK market. Hobbs Ltd. was established in 1981 and is based in London, UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Royal Sanders

Vlijmen, Netherlands

Royal Sanders is a manufacturer and distributor of personal care products such as skin care, bath & shower, hair care, body care, deodorants, sun care, fragrances and oral care. Royal Sanders was founded in 1851 and is based in Vlijmen, Netherlands.

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