Helarb has sold CNN Group to Halder
The industrial private equity fund Helarb Fund and the co-founders of CCN group sold their shares in CCN group, a leading manufacturer of high-precision components used in turbochargers for automotive engines, to the German-based private equity fund Halder.
CCN Group was founded in 1986 and specialists in high precision components and castings, e. g. wheels and wheel-shafts – for turbochargers. Key clients include major turbocharger OEMs such as Honeywell, Borg Warner and IHI. Over the past years the company has built an international production network including facilities in France, Slovakia and Mexico to support clients in key regions and is looking into further expansion in Asia. The international workforce represents more than 50% of CCN’s total staff of c.600. Sales are about Euro 100 million.
Helarb Fund acquired a majority stake in CCN in 2004. The fund has been active since 1982 and has completed 18 investments. Helarb Fund is a Luxembourg based industrial private equity fund, seeking to acquire stakes in small and medium companies in Switzerland, France and Germany. Halder was established in 1988 and is part of Gimv, a listed European private equity and venture capital group based in Belgium. Gimv focuses on buyouts, growth capital, venture capital and infrastructure investments.
Lincoln International acted as exclusive financial advisor to the shareholders. The Transaction represents the 28th successful transaction of the Lincoln International Global Automotive and Truck Group since 2008.
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