18.09.2017

Brockhaus Private Equity announces successful divestiture of J&S Automotive

Berlin / Frankfurt am Main, 18th September 2017 – Brockhaus Private Equity, an independent growth and buyout investor focusing on innovation and technology leaders, has sold its ownership stake in J&S GmbH Automotive Technology to Seafort Advisors.

 

The fund Brockhaus Private Equity III acquired a majority stake in J&S GmbH Automotive Technology in August 2014 with the support of mid cap direct lender Idinvest Partners. Since then, the company has added further momentum to its successful expansion and has succeeded in significantly raising both revenues and earnings. In addition, manufacturing capacity has been almost doubled via investments into factory extensions at the company’s main site.

 

The new majority owner, Seafort Advisors, saw off several rival bidders during an M&A auction process led by investment bank Rothschild. Norbert Janz, founder and CEO of J&S Automotive, will continue to be a significant shareholder in the company under the new ownership structure.

 

The transaction has been cleared by the competent cartel authorities. Subject to approval from the relevant banks, closing is due to take place shortly. The parties have agreed on confidentiality regarding the purchasing price.

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