M&A Deal Summary

Teijin Acquires Benet Automotive s.r.o.

On July 4, 2019, Teijin acquired automotive company Benet Automotive s.r.o. from Jet Investment

Acquisition Highlights
  • This is Teijin’s 1st transaction in the Automotive sector.
  • This is Teijin’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2019-07-04
Target Benet Automotive s.r.o.
Sector Automotive
Buyer(s) Teijin
Sellers(s) Jet Investment
Deal Type Add-on Acquisition

Target

Benet Automotive s.r.o.

Mlada Boleslav, Czech Republic
Benet is a tier one supplier of composite components to the automotive industry, offering advanced technologies for carbon-fiber-reinforced and glass-fiber-reinforced plastic molding, as well as the painting and assembly of vehicles. The company specializes in reinforced reaction injection molding (RRIM), a low-pressure process using polyurethane; and both conventional autoclave and resin transfer molding (RTM). Benet has three facilities in Czechia and one in Germany to serve European automotive OEMs including Volkswagen, Mercedes, BMW, Audi and Skoda.

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Buyer(S) 1

Buyer

Teijin

Chiyoda, Japan
Category Company
Founded 1918
Sector Diversified
Employees21,834
Revenue 1.03T JPY (2024)
DESCRIPTION

Teijin is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has over 170 companies and around 20,000 employees spread out over 20 countries worldwide. Teijin was founded in 1918 and is based in Chiyoda, Japan.

DEAL STATS #
Overall 10 of 10
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 9 of 9
Country (Czech Republic) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Renegade Materials

Miamisburg, Ohio, United States

Renegade Materials Corp. is a Miamisburg, Ohio based supplier of highly heat-resistant thermoset prepreg for the aerospace industry.

Buy -

Seller(S) 1

SELLER

Jet Investment

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jet Investment is a private equity firm focused on investments in small and medium-sized industrial companies across Central and Eastern Europe. The Firm seeks majority stakes in businesses with EBITDA up to €30 million in the engineering, rail, automotive, chemicals, natural gas, wood processing, and textiles industries. Jet Investment typically commits up to €100 million per transaction to support growth, buy-out, succession, and turnaround situations. Jet Investment was established in 1997 and is based in Brno, Czech Republic.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Czech Republic) 1 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 TEDOM

Vycapy, Czech Republic

TEDOM a.s is an international producer and operator of gas cogeneration units, with manufacturing plants in Trebíc, Horovice and Jablonec nad Nisou, exports equipment for efficient electricity, heat and cooling production to more than 40 countries. TEDOM was founded in 1991 and is based in Vycapy, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 MSV Metal Studenka as

Studenka, Czech Republic

MSV Metal Studenka, as is a comprehensive manufacturer of forgings and components for rail vehicles. The company supplies to the railway industry in Europe with a history dating back to 1900. Significant customers include all renowned European state railways such as DEUTSCHE BAHN AG, ÖBB, SNCF, SNCB, CD, RENFE, and some non-European railways such as TCDD, ONCF, SNTF, and more. MSV Metal Studenka also supplies its components to all major European freight wagon manufacturers.

Sell -
Mergr

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