Deal Announcement: mutares AG

PwC M&A acted as exclusive financial adviser to mutares AG on the sale of its portfolio company HIB Trim Part Solutions Group to NBHX Trim GmbH:

The Deal

On 24 April, 2013, mutares AG entered into an agreement with NBHX Trim GmbH to sell 100% of its shares in HIB-Trim Part Solutions Group. HIB is a leading supplier of interior components for passenger cars located in Bruchsal and Altdorf, Germany, as well as in Codlea, Romania.

mutares AG acquired HIB Trim Part Solutions in February 2010 from the Dräxlmaier Group. Since then the Company was successfully repositioned. The sale to NBHX will open up new business opportunities for HIB-Trim Part Solutions.

PwC’s M&A team in Germany acted as exclusive financial adviser to mutares AG. We managed a competitive sales process involving primarily strategic investors worldwide.

HIB Trim Part Solutions Group

HIB-Trim Part Solutions is a leading supplier of interior components for passenger cars located in Bruchsal and Altdorf, Germany, as well as in Codlea, Romania. The company is an important technology partner for the development and manufacturing of interior components for luxury vehicles. HIB's customer base consists of leading OEMs from the premium segment of the automotive industry. With approximately 1.350 employees, HIB Trim Part Solutions Group reached sales of € 80 million in 2012.

mutares AG

mutares AG, Munich, acquires midsized companies in whole and in part, which are sold after a repositioning process and which show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate a significant increase in value. The focus of the operational work is to ensure sustainable, long-term growth.

NBHX Trim GmbH

Ningbo Huaxiang Electronic Co., Ltd., is one of the world's leading automobile suppliers in the area of innovative surfaces for the interiors of premium vehicles. NBHX supplies everything from decorative parts with wood, aluminium, carbon and lacquer surfaces, through injection molded plastics for supports and functional components to the application of leather to surfaces. NBHX Trim GmbH is part of NBHX and specialized in the development, manufacture and distribution of automotive components for medium class and premium class vehicles.

PwC

The PwC M&A team in Germany acted as exclusive financial adviser to mutares AG.

PwC employs nearly M&A 1.000 professionals all over the world, realizing approximately 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers and public takeovers as well as structured financing.

The PwC deal team consisted of Martin Schwarzer (Partner), Oliver Boot (Senior Manager), Philipp Gebhard (Senior Manager), Thomas Klapsia and Gregor Schäfer (both Consultants).

For more information please contact Martin Schwarzer on +49 69 9585 5667

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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