Brockhaus acquires J&S Automotive Technology

Mid-cap GP Finatem held the asset in its second fund. The deal marks the first investment from Brockhaus's third fund.

The capital injection is to be used to accelerate the company's growth in existing international markets, as well as growth markets such as China.

Debt financing
Idinvest Partners arranged and underwrote the unitranche financing.

Previous funding
According to unquote" data, Finatem bought the company from the original owner for less than €25m in October 2005, receiving debt financing from IKB Deutsche Industriebank.

Company
Founded in 1990 and headquartered in Wustermark near Berlin, J&S provides stamped products for the automotive industry. It is a full-service supplier to automotive manufacturers and suppliers for restraint safety parts, as well as thermal and acoustic shields.

J&S counts companies including Volkswagen, BMW, Porsche and Daimler among its customers.

It has an assembly plant in Neuruppin and a further office in Alabama, in the US. It generated sales of €43.5m in 2013 and has approximately 400 employees.

People
Marco Brockhaus is founder and CEO of Brockhaus Private Equity. Norbert Janz is founder and CEO of J&S. Jochen Weyrauch, former executive board member at Continental Teves, will join the J&S advisory board.

Eric Kungblut is partner at Finatem, while Christophe Hemmerle is managing director and founded the company.

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• Topics
• DACH
• Buyouts
• Consumer
• Germany
• Finatem