Afinum sells Alfmeier stake to Elber

Since Afinum's investment in 2012, the company's turnover increased by 35% to €269.9m and EBIT quadrupled to €16.9m.

The majority shareholders, the Gebhardt brothers, are said to have cooperated with Afinum to initiate reorganisation and efficiency improvement initiatives in the company.

During the holding period Afinum, expanded its business from the auto parts sector to consumer electronics. The shape memory alloy (SAM) technology used for auto parts is also used for camera parts such as autofocus lenses.

Previous funding
In June 2012, Afinum purchased a minority stake of 30-49% in Alfmeier for an undisclosed sum. The GP used capital from its AF Eigenkapitalfonds für deutschand Mittelstand vehicle.

Company
Founded in 1960, Alfmeier operates as a manufacturer and supplier of automobile components and accessories. It offers fluid systems including brake power boosting, fuel supply, valve control, crankcase ventilation and thermal management systems. It also makes parts for some consumer electronics. Based in Treuchtlingen, Germany, the firm employs around 2,000 people.

People
Afinum Management – Thomas Bühler, Gernot Eisinger (managing directors).

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