Funds advised by Triton have purchased BFC Fahrzeugteile GmbH, one of the world's leading producers of metal-based clamping profiles, seals and core metal inserts for the automotive industry. The acquisition was financed, among others, by a syndicated loan provided by Bayerische Landesbank, Commerzbank Aktiengesellschaft, Landesbank Baden-Württemberg and Raiffeisenlandesbank Oberösterreich Aktiengesellschaft. The parties have agreed not to disclose any financing details. The transaction was completed on 1 February 2018.
Headquartered in Bietigheim-Bissingen (near Stuttgart), BFC Fahrzeugteile GmbH operates six manufacturing sites (two in Germany, two in China and one each in the US and Turkey). The automotive supplier generated annual sales of approx. EUR 44 million in 2016.
The Triton funds primarily invest in Germany, Austria, Belgium, Denmark, Finland, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland, with a focus on medium-sized businesses that have the potential to create sustainable, long-term growth. The 100 or so institutional investors include top tier public and private pension funds, insurance companies, banks, family offices and asset managers.
Gleiss Lutz frequently advises Triton on leveraged buyouts, most recently in the summer of 2017 on the acquisition of univativ, the first transaction completed by Triton's new Smaller Mid-Cap Fund (TSM).
The Gleiss Lutz team acting for Triton comprised Frank Schlobach (partner, lead) as well as Patrick Reuter and Linda Gregori (all finance, all Frankfurt).
Gleiss Lutz also coordinated an international legal team including lawyers from Arendt & Medernach in Luxembourg, Proskauer Rose LLP in the US and Jun He Law Offices in China.
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