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NIB Capital Private Equity acquires illbruck AutomotiveLeverkusen, August 31, 2001.Investors NIB Capital Private Equity (NIBC PE) has acquired illbruck Automotive and with this acquisition NIBC PE continues to build its track record in its important target market Germany. The holding company illbruck International Automotive GmbH sold all relevant shares and assets and the subsidiaries, belonging to the automotive business. Under the terms of the deal, funds advised by NIBC PE have invested to take a majority stake in the company and management is holding a minority of the shares. A significant amount of the purchase price will be financed by CIBC, London, one of the leading financial institutions in this field. The transaction is subject to the approval of the relevant antitrust authorities. Company illbruck Automotive, founded in 1952, is a leading automotive supplier focused on total car acoustics and thermal insulation. Currently the company employs over 2,300 people in 14 production facilities across 11 countries. Among these are Mexico, Brazil, USA, South-Africa, Austria, Liechtenstein, Spain, Italy and Belgium. The company is a Tier 1 supplier and enjoys, especially in the engine compartment area, leading market positions in Central Europe and the NAFTA market. The company has a track record of double-digit growth in recent years and currently achieves about € 300m in sales.
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