M&A Deal Summary

Trinitas Private Equity Acquires Auto X

On March 1, 2017, private equity firm Trinitas Private Equity acquired automotive company Auto X

Acquisition Highlights
  • This is Trinitas Private Equity’s 2nd transaction in the Automotive sector.
  • This is Trinitas Private Equity’s 5th transaction in South Africa.

M&A Deal Summary
Date 2017-03-01
Target Auto X
Sector Automotive
Buyer(s) Trinitas Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Auto X

Johannesburg, South Africa
AutoX is a significant manufacturer and distributor of a range of automotive batteries, predominantly to the South African replacement/aftermarket. The company’s product portfolio includes the premium Willard and SABAT brands, as well as house brands; Grand Prix and Hi Fase Batteries. AutoX has a national footprint through sales and distribution facilities in Cape Town, Pinetown, Bloemfontein, Port Elizabeth, and East London and a presence/branch in Namibia. Combined, these facilities distribute products to approximately 4000 delivery points. AutoX is based in Johannesburg, South Africa.

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Buyer(S) 1

Buyer

Trinitas Private Equity

Investor Investor Investor Investor

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

Trinitas Private Equity is a private equity firm focused on investing in middle-market South African companies. Trinitas does not have any sector preferences, however the Firm will not invest in mining or agriculture businesses. Prospective transactions include buyouts, acquisition financing, and growth capital needs. Trinitas Private Equity was formed in 2008 and is based in Johannesburg.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
Country (South Africa) 5 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 Auto Industrial

Kempton Park, South Africa

Auto Industrial is a manufacturer of brake components and a reliable partner for the automotive original equipment manufacturers. The company is best known for its machining and assembly, ductile and grey iron castings, and hot steel forgings of components such as brake discs and drums, steering knuckles, wheel carriers, flywheels, wheel hubs, and pinions. Auto Industrial was established in 1969 and is based in Kempton Park, South Africa.

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