Blackstone-backed AAG buys Klapper Autoteile

Andreas Klapper was the company's sole shareholder prior to the transaction and will remain in his role as CEO.

Klapper generates a turnover of €7m and supplies more than 1,000 customers, according to a press release.

Acquirer AAG projects revenues of more than €2bn for 2017 and reported pro forma adjusted EBITDA of €117m for the last 12 months ending in Q3 2016, the most recent available figure.

As of the end of Q3 2016, the group had made 18 acquisitions, operating from 48 sites for a total annual turnover of €118m. The total cash consideration for these acquisitions was €61m.

Blackstone backed a management buyout of AAG from Weinberg Capital Partners, reported to be worth €440m, in August 2014. At the time of the acquisition, the group reported revenues of €1.2bn.

Company
Klapper was founded in 1962 by Manfred Klapper and is headquartered in Bünde, East Westphalia. It provides automotive spare parts to 1,000 customers, most of which are independent garages. The company employs around 35 people and reports a turnover of €7m.

People
Alliance Automotive Group – Jean-Jacques Lafont (CEO).
Klapper Autoteile – Andreas Klapper (CEO).

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• Topics
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