Cognetas divests KSM Castings to CITIC Dicastal

Previous funding
In 2005, Cognetas backed the management buyout of KSM Castings with €155m. Since then, the company has redefined its business strategy and invested more than €135m for growth in its German and Czech plants. Furthermore, the investor supported the firm's internationalisation by establishing an office in China. Turnover increased by 39% to €401m.

Company
Hildesheim-based KSM Castings, formerly ThyssenKrupp Fahrzeugguss is a supplier of safety-critical and high specification aluminium and magnesium parts to the international automotive industry. The business provides casting capabilities coupled with highly automated machining and focuses on chassis and powertrain application components. KSM operates at four production sites in Germany, one in the Czech Republic and one in Northern China. In the last fiscal year the company generated turnover of €401m.

People
Frank Herman is partner at Cognetas.

Advisers
Equity - Jefferies (Corporate finance); White & Case, Andreas Stilcken, Dr Philipp Graf von Dürckheim, Dr Tim Arndt, Dr Matthias Kiesewetter, Ingrid Knollmeyer, Dr Matthias Hornberg, Dr Tom Oliver Schorling, Dr Börries Ahrens (Legal)
Buyer - Rothschild (Corporate finance); Hengeler Mueller (Legal), Slaughter and May (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Industrials
• Exits
• Germany