Hengeler Mueller advises Bain Capital on sale of FTE automotive

07. June 2016

Bain Capital Private Equity sold FTE automotive, a leading producer of clutches and brakes headquartered in Ebern (Unterfranken, Germany), to the French automotive supplier Valeo. FTE automotive is represented in eight countries (including Germany, Czech Republic, Slovakia, Mexico, Brazil, and China) and generated a turnover of EUR 500 m with 3,700 employees last year. Valeo paid a purchase price of EUR 819 m for FTE. The transaction is subject to the approval of the European and Brazilian anti-trust authorities and is expected to close in the fourth quarter of 2016 or in the first quarter of 2017.

Bain Capital Private Equity (www.baincapitalprivateequity.com) is one of the world’s leading private equity firms headquartered in Boston. Bain Capital bought FTE from PAI Partners in 2013.

Hengeler Mueller advises Bain Capital Private Equity on this transaction. The team includes partners Hans-Jörg Ziegenhain, Daniel Wiegand (both M&A, Munich), Thorsten Mäger (Antitrust) and counsel Patrick H. Wilkening (IT/IP) (both Duesseldorf), as well as associates Bernd Dreier, Benedikt C. Laeufer, Achim Spengler (all M&A, Munich), Peter Wehner (Employment, Frankfurt), Anja Balitzki and Sarah Milde (both Antitrust), Martin Radtke (Public Law) and Matthias Rothkopf (IT/IP) (all Duesseldorf). A team including Hans-Jörg Ziegenhain and Daniel Wiegand advised Bain Capital on the acquisition of FTE automotive in 2013.