Endless partially divests BAI to Shiloh Industries for €52.9m

The transaction comprises BAI's factories in Oss, the Netherlands, and Verres, Italy. It leaves BAI with operations in Gennep, the Netherlands, and Wendlingen, Germany.

The deal comes two years after Endless acquired the company and slightly more than a year after it divested the Czech operations via an MBO at the end of 2016.

Under Endless's tenure, BAI has replaced its management team, implemented operating efficiencies and renegotiated loss-making contracts. The GP has invested €17m into the upgrading of equipment. According to a statement, the group has generated a €20m improvement in its EBITDA since Endless's acquisition.

Previous funding
Endless acquired BAI in February 2016; the deal marked the first non-UK deal for the £525m vehicle Fund IV.

Company
Founded in 2007, BAI produces high-pressure diecast aluminium and magnesium components for the automotive industry. The company has contracts with manufacturers including BMW, Jaguar Land Rover and Alfa Romeo. It generates a turnover of €140m, according to the statement.

People
Endless – Francesco Santinon (partner); Matthew Jubb (investment director).
Brabant Alucast International – Jamie Brundell (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Industrials
• Netherlands
• Endless
• Trade sale