Navigator buys ENA Guss Albbruck
Munich-based private equity firm Navigator Capital has acquired German cast-iron car parts manufacturer ENA Guss Albbruck.
ENA filed for insolvency in October 2017 and generates revenues of approximately €10m.
Navigator focuses on carve-outs and restructuring processes, acquiring majority stakes in small and mid-cap companies with negative EBIT margins or potential insolvencies.
The transaction closed on 1 February 2018 and the company will now operate under the name Giesserei Albbruck. All employees will retain their jobs.
M&A boutique Falkensteg led a structured sales process on behalf of the company.
Company
ENA Guss Albbruck was founded in 1866. It is based in the town of Albbruck, close to the Swiss border, and employs approximately 150 people. It produces small batches of cast iron parts for the automotive and machinery sectors.
People
Navigator Capital – Christian Muschick (managing director).
Advisers
Company – Falkensteg (M&A).
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