Accent Equity has sold Autotube to MGI Coutier
Lincoln International (“Lincoln”), a leading global mid-market investment bank, today announced that it advised the investment fund Accent Equity 2008 (“Accent” or “Accent Equity”) on the sale of Autotube Group AB (“Autotube” or the “Company”) to MGI Coutier SA (“MGI Coutier”). Terms of the transaction were not disclosed. Lincoln acted as the exclusive financial advisor to Autotube.
Autotube is a leading tier one sub-supplier to the automotive industry, supplying products for air and fluid distribution as well as structural pipe components to both the light vehicle and truck markets. The Company’s main customers are Volvo Cars, Volvo Trucks, Scania, MAN, Ford and Jaguar Land Rover. The Company operates two production sites in Varberg and Ulricehamn, Sweden, and employs 265 people. Autotube’s net sales in 2013 amounted to SEK 610 million (EUR 68 million).
“As part of the MGI Coutier group, Autotube is well placed to continue its strong growth trajectory through the combination of increased geographic reach, which its customers have been requesting, together with the complementary range of high-quality air and fluid distribution products and solutions that MGI Coutier can offer,” says Håkan Söderbäck, Partner of Accent Equity Partners, advisor to Accent Equity. “Lincoln International’s global reach and cross-border capabilities were instrumental in engineering the sale of Autotube to a key strategic buyer that will be able to support the Company’s future growth opportunities so effectively.”
About Accent Equity
Founded in 1994, Accent was one of the buyout investment pioneers in the Nordic region. Since then, Accent funds have invested in close to 70 companies, of which some 50 have been realized. Accent has advised seven funds with total commitments of more than EUR 1 billion. Accent’s ambition is to develop the portfolio companies to Nordic, European or global players through sustainable improvements of their operations as well as their strategic positioning.
About MGI Coutier
MGI Coutier is a leading Tier 1 sub-supplier to the automotive industry that is based in Champfromier, France, with 35 production facilities around the world. The company is focused on fluid transfer activities and delivers complete functions (tanks, tubes, filtration or separating systems) for cooling, fuel, oil, air, emission control or washing fluids. Net sales in 2013 amounted to EUR 664 million.
Meet Our Professionals in Automotive & Truck
I leverage strategic insights and industry connections to unlock value for clients.
Joe Sparacino
Managing Director
Boston
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.