DBAG sells Preh

After the closing of the deal, Joyson will hold 74.9% in the company. DBAG and Preh's management will remain invested with a 25.1% stake.

Previous funding
In 2003 DBAG acquired Preh from Aditron AG for €120m. Since then the number of staff grew by 27% and the company's revenues have more than doubled, representing an average annual growth of 10.6%. During the holding period, the company was turned into a global business.

Company
Preh GmbH was founded in 1919 and is based in Bad Neustadt, Germany. The company is a globally operating automotive supplier and develops and manufactures operating and control elements for the automotive industry. The auto parts supplier had a turnover of €345m in 2010 and employs about 2,300 people.

People
Dr Rolf Scheffels and Christian Pfirrmann represents Deutsche Beteiligungs AG.

Advisers
Equity – Linklaters, Dr Franz Schaefer, Dr Rainer Traugott, Dr Stephan Fackler, Dr Thomas Broichhausen, Munich, Richard Gu, John Xu, Shanghai, Dr Thomas Elser, Dr Elmar Bindl, Dr Andreas Goetze, Martin Mager, Thomas Bader, Munich, Dr Daniela Seeliger, Daniel von Brevern, Dusseldorf (Legal).

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• Topics
• DACH
• Exits
• Industrials
• Germany
• Partial sale