Nordwind Capital has sold ISE Automotive to Metalsa
ISE Holding L.P. has sold 100% of their shares in ISE Automotive Group (“ISE”) to Metalsa S.A. for an undisclosed amount. ISE Holding L.P. is owned by several investment funds (Nordwind Capital).
ISE Automotive Group based in Bergneustadt (Germany), develops, designs, manufactures and supplies structural, protective and paneling systems for passenger cars and trucks. The company operates three business units – Body & Chassis Modules, Hinges & Transmission Parts and Safety Systems – and is a preferred development partner and supplier for global premium OEMs. The company is well recognized for its highly innovative development and production technologies processing high-strength steels, aluminum, fiber composites and hybrid components. ISE generates sales of approximately Euro 440m and has approximately 2,800 employees in 8 sites located in Germany, Turkey, South Africa, USA and China.
Nordwind Capital acquired ISE in June 2008 from insolvency and appointed a new Management team. Since the inception of Nordwind Capital, the team successfully restructured the company, acquired attractive new business diversifying the customer portfolio and started to ramp-up a new plant in Beijing/China (in addition to the plant in Shanghai).
The acquisition of ISE Automotive will strengthen Metalsa’s position as a global automotive supplier of structural components to the light and commercial vehicle markets and further expand its customer base and global footprint into new regions.
About Nordwind Capital
Nordwind Capital acquires stakes in companies with significant earnings improvement potentials which are headquartered in German-speaking Europe (D, CH, A).
About Metalsa
Metalsa S.A., a subsidiary of Grupo Proeza, manufactures structural components for the light and commercial vehicle markets. Products include chassis frames and body structural stampings and assemblies for passenger cars and light trucks as well as chassis frames, side rails and cross-members for heavy trucks and buses. The Company has presence in Argentina, Australia, Brazil, Germany, India, Japan, Mexico, Thailand, Russia, USA, Venezuela and a joint venture in the United Kingdom. Metalsa distinguishes itself by offering quality, differentiated service and innovation, competitiveness and customization to each customer. Founded in 1956, Metalsa has approximately 9,000 employees globally.
Grupo Proeza
Grupo Proeza is a privately-held Mexican group with three businesses: Metalsa, Citrofrut and Zánitas. Its corporate headquarters are located in Monterrey, Mexico and it employs 11,000 people. The Group has a global presence and provides services and sells its products around the world.
Lincoln International acted as exclusive M&A advisor to the sellers. The completion of the sales process marks the 15th successful transaction of Lincoln International´s Automotive & Truck team in 2012.
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