AAC Capital Partners and Parcom have sold Inalfa Roof Systems to Beijing Hainachuan Automotive Parts

AAC Capital Partners and its co-shareholder Parcom Capital, two leading Northern European mid-market buyout firms, have sold Inalfa Roof Systems Group BV, based in Venray, The Netherlands to Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP), based in Beijing, China.

Inalfa Roof Systems is one of the world’s largest suppliers of vehicle roof systems. The Company focuses on the design, development and assembly of sunroofs and truck hatches markets where it occupies the no. 2 and no. 1 positions respectively worldwide. Inalfa combines its outstanding best-in-class engineering capabilities with a global footprint, with 9 manufacturing facilities located in The Netherlands, the USA South Korea, China, Brazil, Mexico and Slovakia.

BHAP, a leading automotive parts and components supplier in China, is a joint venture between Beijing Automotive Group Co., Ltd., the 5th largest automotive manufacturer in China, and Beijing Industrial Development Investment Management Co., Ltd., an investment arm of the Municipal Government of Beijing.

With 26 subsidiaries in China, BHAP represents for Inalfa an excellent strategic partner and operating platform for the supply of automotive sunroofs in the rapidly growing Chinese domestic market. BHAP’s management is confident that after this acquisition, Inalfa will grow even more rapidly, while improving its market share and financial profitability. For BHAP, the strategic acquisition of Inalfa will further diversify its product portfolio, strengthen its R&D and marketing capabilities as well as its competitiveness.

Marc Staal, Managing Partner of AAC Capital Partners added: “We are proud to have supported Inalfa and its outstanding management team. Having invested significantly in innovation, we are confident that the company will continue building on its key strengths of advanced technology, best-in-class engineering capabilities, product integrity and customer relations.”

This transaction is a landmark deal for Lincoln International’s recently established Benelux office, as well as the 21st automotive deal of its Global Automotive & Truck industry group since the beginning of 2010.

Paul van Steijn, Partner of AAC Capital Partners commented “We have selected Lincoln International to advise us in this process on the basis of its strong position in automotive M&A, global reach in combination with local presence in the Dutch market. This transaction is a testament to those qualities as Lincoln International managed to generate real competitive tension for Inalfa with bidders from Asia, North America and Europe”. Lincoln International was mandated by AAC Capital Partners and Parcom Capital as exclusive M&A advisor for the sale process and executed a broad auction with strong interest from strategic and financial investors from Europe, Asia and North America.

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