Mutares-backed Plati bolts on Nexans Metallurgie

Mutares supported Plati with working capital and capex funding. The GP did not engage external advisers for the deal.

Mutares acquired an 80% stake in Plati in June 2019 from its China-based parent company Deren Group. Plati produces wire harnesses for the automotive, consumer goods, healthcare and telecommunications industries. Based in Madone, Italy, Plati reported sales of €30m and had 700 employees in 2019. It now reports revenues of €300m.

Company
Nexans Metallurgie Deutschland manufactures copper wire, including wire rod, wound and stranded wire. Its customer base comprises tier-two suppliers in the automotive, white goods and industrials sectors. It has manufacturing sites in Bramsche and Neunburg, 250 employees, and reports revenues of €260m.

People
Mutares – Johannes Laumann (CIO).

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• Topics
• Expansion
• DACH
• Industrials
• Acquisition finance
• Build-up
• Germany