Lincoln International represents Trelleborg AB in the sale of its Carbody Division to Bavaria Industriekapital AG
Lincoln International has announced that the Carbody Division ("Carbody" or the "Company") of Trelleborg AB ("Trelleborg") has been sold to Bavaria Industriekapital AG ("Bavaria") based in Munich, Germany. Carbody was part of the Trelleborg Automotive business area. Financial terms of the transaction were not disclosed.
Carbody manufactures high-technology rubber, plastic and foam components and systems for the light vehicles industry. The operation is primarily located in France and is part of the Trelleborg Automotive business area. The divestment is a further step in the Trelleborg Group's strategy to focus on selected segments. The divested operation delivers components for pedal boxes and bump stop solutions for all opening panels of a car, such as the trunk lid, doors and hood. The operation also delivers various other types of polymer-based parts, such as gaskets and molded hoses. Carbody has sales in the €60m range and employs some 570 persons.
Lincoln International acted as the exclusive investment banking advisor to Trelleborg on this transaction, working closely with the Company's senior management team and Trelleborg Group throughout the sale process
About Trelleborg AB
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales 2011 of just over SEK 29 billion, with about 21,000 employees in over 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the NASDAQ OMX Nordic List, Large Cap. www.trelleborg.com
About Bavaria Industriekapital
BAVARIA Industriekapital AG is an industrial holding company specializing in the takeover and re-organization of enterprises with discernible improvement potential. Currently, BAVARIA Industriekapital owns thirteen companies across Europe and employs ca. 5,000 employees. www.baikap.de
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions and valuations on a wide range of transaction sizes. With 10 offices in Asia, Europe and North America Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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