The family-run Quaprotek Group in Welzheim, east of Stuttgart, sold its major business units – the US production site in Ripley, Tennessee, and the Czech company Quaprotek Manufacturing k.s, Cvrcovice – in a series of international M&A processes
Through its group company FAIST Light Metals Tennessee LLC, based in Tennessee in the United States, the Italian-owned FAIST Group (headquartered in London) acquired both the main assets and liabilities and the workforce of Quaprotek USA LP, of Ripley, Tennessee by way of an asset deal.
With the signing, the Schweizer Group GmbH & Co. KG, Hattenhofen, acquired all the shares of Quaprotek Manufacturing k.s, Cvrcovice, Czech Republic, from Quaprotek International Providing Service GmbH, Welzheim.
The Quaprotek Group has been developing and producing high-precision aluminium components for more than 20 years. Its clients consist mainly of reputable tier-1 suppliers to the automotive industry. From its hub in the town of Welzheim north of Stuttgart, Quaprotek was quick to take an international approach by setting up and establishing subsidiaries and production sites in the Czech Republic (Quaprotek Manufacturing k.s, Cvrcovice) and the United States (Quaprotek USA LP, Ripley).
The originally Italian-owned FAIST Group (headquartered in London) has five business units and 33 manufacturing sites worldwide. With a history dating back to 1867, the Schweizer Group, based in Hattenhofen, Germany, employs around 1,000 people at its seven national and international locations. Both groups are leaders in the production of high-precision die-cast and machining components for the automotive sector.
The role of benten capital
benten capital advised on and oversaw structured M&A processes on behalf of the family holding shares in the Quaprotek Group with the aim of selling the relevant companies or locations in the USA and the Czech Republic to either one or more investors. In the course of the intensive negotiations, benten successfully developed the interest of a number of parties until the purchase agreement was concluded. Ultimately, the shareholders opted to sell the US location to the London-based FAIST Group, and sell its Czech subsidiary to the Schweizer Group in Hattenhofen. Both M&A processes were led and managed by Harald Tomaselli and Dr Florian Eisele, partners at benten capital.