In a recent move, the fund German Equity Partners IV has acquired all of the outstanding stock of Bergmann Automotive GmBH. The fund is managed by private equity firm ECM Equity Capital Management.
As part of the deal, the management team of Bergmann would acquire a substantial stake in the fund based out of Barsinghausen. The original owners, the Bergmann family would retain a minority interest in the new company. The management team would also be retaining a share over the new company. The details of the transactions as to shareholding size, purchase price and other specifics were not disclosed.
Bergmann Automotive was established back in 1956 to become one of the top manufacturers of cylinder liners for the European car manufacturing market. From its humble beginnings, the company grew to become one of the three top suppliers of cylinder liners in the continent, with an annual sales figure of Eur400 million.
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