Oaktree to acquire RAFI

The acquisition is set to complete at the start of 2020.

Oaktree stated it will support the company in building on its current customer base and expand the business, including into new international markets.

The group's majority shareholders, Albert Wasmeier and Gerhard Schenk, will remain in their management positions.

RAFI companies RAFI Dekotec in Steißlingen and RAFI Syscom in Mexico will remain under the ownership of Wasmeier and Schenck.

German GP BWK acquired an undisclosed stake in RAFI in 2015.

Company
RAFI was founded in 1900. The hitherto family-run business has 2,500 employees and manufactures electronic components for use in the telecommunications, automotive and healthcare industries. It has operations in Germany, the US and China.

The group reported 2017 profits of €10.9m, according to Northdata. According to BWK's website, the company has a turnover of €420m.

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