GERMANY - Cinven acquires Jost Group from Silverfleet Capital
Cinven has agreed to sell vehicles components manufacturer Jost Group to Silverfleet Capital for an undisclosed amount. The equity is invested from the fourth Cinven Fund.
Founded in 1952, Jost Group is a global manufacturer of components for commercial vehicles. The company is headquartered in Neu Isenburg, employs around 2,000 staff in 20 countries and achieved a turnover of EUR 445m in 2007.
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